McKenzie Comments on Government Shutdown in Bloomberg Law

McKenzie Comments on Government Shutdown in Bloomberg Law
Shutdown Wouldn’t Stop Tax Law Work, Filing Season Prep
December 21, 2018
Robert Lee and Kaustuv Basu

Bob McKenzie, a partner in the Firm’s Tax Practice, is quoted in Bloomberg Law discussing the potential impact of a government shutdown on tax law work. According to Bob, taxpayers that are served levies from IRS collection staff could be hurt.

"When a levy is placed on a bank account, the levy provides for banks to not forward the funds for 21 days. During that period, taxpayers could work out a deal and secure a release on the levy," said Bob. "However, if an extended shutdown takes place, there may be no employees available to answer phones and grant taxpayers a release on a levy. Who can prevent that harm if the IRS is closed?"

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