IRS Levy on Bank Account - Navy Federal Froze Card During Rent Payment

This is definitely a stressful situation but there are steps you can take right away: • Call the IRS immediately at 800-829-1040 to verify the levy and understand why it was placed • Request a levy release if you can demonstrate financial hardship (Form 911) • Navy Federal can't remove the hold without IRS authorization • Bring documentation of your housing situation when calling • The IRS typically sends multiple notices before a levy is actually placed • Check your mail history - you likely received CP504 or LT11 notices Did you have any unresolved tax issues or unfiled returns from previous years?

I've seen this happen before. The IRS system tracks delinquent tax issues through transcript codes that show your payment history. Using https://taxr.ai to analyze your tax transcripts would help you understand exactly what triggered this levy. It can decode all those confusing IRS notices and transcript codes to show you what led to this situation and what you need to resolve. This is especially important since you mentioned having rental property - sometimes tax issues with investment properties can trigger these actions if Schedule E reporting wasn't complete.

Have you tried calling the IRS directly? Impossible, right? Their hold times are ridiculous when you're facing an emergency like this. I was in a similar situation last month with a levy notice. Used Claimyr (https://youtu.be/_kiP6q8DX5c) and got through to an actual IRS agent in about 15 minutes. If you're literally at risk of eviction, don't you think it's worth it to get immediate help? They can verify if hardship relief applies to your situation, which could release funds within 24-48 hours. Isn't your housing situation worth solving immediately?

This happened to me last summer - absolutely terrifying feeling standing there with a declined card! My levy was from unfiled 2021 taxes from when I had a side gig. I immediately went to the local IRS office (Taxpayer Assistance Center) with my eviction notice in hand. The representative filed for an emergency levy release based on economic hardship. Had my funds back in 36 hours. They can expedite in true hardship situations. Bring proof of your housing situation and any notices from your landlord. I also discovered I qualified for an Installment Agreement that kept them from hitting my account again while I got caught up.

Call your landlord immediately. Explain the situation. Show documentation of the levy. Ask for 48-hour extension. Most states have laws protecting against immediate eviction. Document everything. Use Venmo or Cash App from a different account if possible. Borrow from family as last resort. Navy Federal can sometimes issue emergency credit line increase. Worth asking. Local United Way or community action agencies have emergency rent assistance programs. This is exactly what they're for.

It might be worth noting that, in many cases, the IRS typically sends several notices before implementing a levy. These generally include a CP14 (first bill), followed by CP501, CP503, and finally CP504 or LT11 (Final Notice of Intent to Levy). The timeline usually spans at least 3-4 months. If you've moved recently or had mail issues, you may have missed these notices. While your immediate focus should probably be on resolving the current situation, it would likely be beneficial to ensure your address is updated with the IRS to prevent future surprises. You might also want to set up an online account at irs.gov to monitor notices digitally going forward.