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Accounts in collections, levies and bank holds

What to do if a tax authority has started collection action.

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Written by Amee Baldwin

If an account is already in collections, possible consequences include estimated assessments, collection referrals, levies, garnishments or bank holds.

Treat any active collection or bank action as urgent.

What to do

  1. Send Yonda the complete notice and supporting records.

  2. Contact your bank about any active hold, levy or garnishment and follow its instructions.

  3. Keep copies of all correspondence.

Submitting a return, amendment or waiver request does not automatically cancel an existing collection instruction.

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