IRS Wage Levy - Don't Let the IRS Seize Your Wages - Call 1-877-658-3477 |
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IRS Wage LevyA wage levy is a legal seizure of a taxpayer's wages to settle an outstanding IRS tax debt. If the taxpayer has not settled their tax debts or made arrangements to pay their tax debts, the IRS reserves the right to levy their wages. Before the IRS levies a taxpayer's wages, there are several requirements which must be satisfied, including: |
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A variety of taxpayer properties may be seized in a tax levy, including:
The taxpayer has 30 days after receiving the levy notice to appeal or offer settlement before the IRS seizes wages. Once an IRS wage levy has been successful, a portion of the taxpayer's wages will be seized on an ongoing basis until the outstanding tax liability has been resolved. The IRS utilizes a calculation tool to determine the amount to levy from a taxpayer�s wages. The total amount levied is based upon the exemptions claimed and the payment frequency. There are options available to resolve your outstanding tax liabilities. Working with a tax professional will enable you to negotiate an IRS settlement offer, referred to as an Offer to Compromise. For more information on IRS wage levies and how to resolve them, contact one of our experienced tax professionals today. Our phones are answered 7 Days A Week! For more information about your IRS Wage Levy, contact one of our tax professionals at 1-877-658-3477. |
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