Compliance Question of the Week

If we have shares securing a debt, do we have to send them to the IRS if we receive a tax lien?

Compliance Question of the Week

Today’s Compliance Question of the Week asks whether credit unions can break share certificates to address an IRS levy.

Compliance Question of the Week

Is an Interest on Lawyers’ Trust Account (IOLTA) subject to an IRS levy against the lawyer?

Depositaries Requested to Adhere to Levy Compliance Rules

The IRS is asking depositaries (banks, credit unions, savings and loans, and similar institutions) to review and understand the responsibilities associated with processing levies.