Our latest installment in our educational series covers Bank Levies! Learn about how the IRS can place an IRS Levy on your bank account and how you can get that bank levy released! If they IRS issues a bank levy on your account, they can drain your entire account and leave you with nothing. It’s important to get a tax attorney to help you get a bank levy released. A bank levy is just one of many types of tax levies the IRS can place on you.