If the Internal Revenue Service has just levied your paycheck call us today to get your money back and your case settled.
We are comprised of tax attorneys, tax lawyers, certified public accountants, and former IRS agents, managers, and tax instructors who worked in the local South Florida IRS offices for over 60 years.
We know the exact system on how to get your money back from the Internal Revenue Service, get your levy released and worked out a tax settlement.
If you have received a notice of levy on your payroll or wages it is because you did not respond to final notices that IRS sent to you at your last known address.
As a result, the Internal Revenue Service systemically sends out computer generated levies from their CADE2 to computer.
To get your payroll levy released, IRS will need a current financial statement.
That financial statement will be on form 433-F which you can find directly on our website.
You will need to fill out that 433-F along with all the documentation to verify all the numbers that you put down on the form along with the last 3 to 6 months worth of bank statements, copy pay stubs, and a verification of all your monthly bills.
Once IRS reviews your current financial statement they will begin the process to release your payroll levy.
IRS will compare your financial statement to the national, regional and geographical standards. It is very important for the taxpayer /client to understand the national standards tests.
IRS will then provide the information to you into which closing category as a result of the financial review.
An individual’s wages, salary, payroll and other income can be levied.
Wages, salary, and other income include payment for personal services in a work relationship.
Sometimes an employer threatens to fire an employee to avoid handling a levy. This might be a violation of 15 USC 1674.
If the employer fires the taxpayer because of this, the employer might be fined not more than $1000 or imprisoned for not more than one year, or both.
You should refer to the taxpayer to the Wage and Hour Division of the Department of Labor (DOL). DOL, not IRS, must decide if the employer violated the law.
Unlike other IRS tax levies, a levy on a taxpayer’s wages and salary has a continuous effect. this means it never stops until the IRS issue your employer or release of the payroll garnishment levy.
It attaches to all future payments, until the levy is released.
Wages and salary include fees, bonuses, commissions, and similar items. All other levies only attach to property and rights to property that exist when the levy is served.
If a bank account is levied, it only reaches money in the account when the levy is served. It does not reach money deposited later. So the payroll garnishment levy is a much more punishing garnishment.
When other income is levied, the levy reaches payment the taxpayer has a fixed and determinable right to.
If the taxpayer’s right to that payment is not dependent upon the performance of future services, then the levy will reach the future payments as well.
Part of the individual taxpayer’s wages, salary, (including fees, bonuses, commissions and similar items) and other income, as well as retirement and benefit income, is exempt from levy.
The total of the taxpayer’s standard deduction and the amount deductible for exemptions on an income tax return for the year the levy is served.
Then, this total is divided by 52.
Income that is not paid weekly is prorated, so the same amount is exempt.
In addition, the amount the taxpayer needs to pay court ordered child support is exempt.
The support order can originate from a court or administrative process under the laws and procedures of a state, territory or possession.
If you need an immediate release of a payroll garnishment levy contact us today.
We are A+ rated by the Better Business Bureau and have been in practice right here in South Florida since 1982.
We are the fast, friendly, and affordable tax firm comprised of local South Florida tax professionals.
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