Steps to follow in order to release an IRS tax levy. Includes Bank Levies, Wage Levies (IRS wage garnishment) and personal property. These steps include, contacting the IRS, filing outstanding tax returns, filing out necessary forms and coming to an Agreement with the IRS. Follow these steps to release and resolve an IRS bank levy. Again, an IRS tax professional is recommended in most cases in order to get the best outcome.

An installment agreement is one of the most common forms of paying back IRS taxes when a taxpayer cannot afford to pay in full. This payment method allows taxpayers to pay back taxes in monthly installments without being charged additional penalties.