Tax Levy Cnt | Tax Lien Vs Tax Levy | To Levy | State Tax Levy On My Paycheck Have you received a Notice and Demand, Notice of Intent to Levy, or Notice of a right to a Collection Due Process Hearing? If so, you are in the process of losing funds directly from your bank account. Specific IRS protocols must be followed, however, if successful, that amount in your bank account is essentially frozen for 21 days before being sent to the IRS. Levies usually are the result of poor or no communication between the taxpayer and the IRS. The IRS or State is required to serve notice before taking on levy actions. For the IRS this is done by the use of specific notices in a defined order. The..