Replies to post #10562 on Interups Inc (ITUP)

[LVerstee]

My tax specialist gave me the steps he can follow already.

If Bank of America insists the incoming wire is blocked by the IRS, follow these steps:

1. Reach out to a Bank of America representative or their wire transfer department to request detailed information on why the transfer is being held and what specific issues the IRS has raised. Ask for any official documentation or communication from the IRS that supports their claim of the block.

2. Then contact the IRS directly to verify whether they have indeed blocked the transfer and for what reason.

3. Seek advice from a tax professional or attorney if needed.

4. Stay in regular contact with both the bank and the IRS and monitor the situation.

5. File a complaint with the bank or a regulatory body if the issue isn’t resolved.

6. Keep pressure on Bank and IRS. A hold by IRS is not normal.