Tax Levy on a Paycheck – Get IRS Tax Levy Released Now 1-866-700-1040
Have Former IRS agents and managers get your money back!
If the IRS has sent a tax levy on your paycheck call us today and find out how you can get your wage levy released.
We are comprised of Attorneys, CPAs, and former IRS agents, managers and instructors that have over 60 years of direct working experience with the Internal Revenue Service.
We can explain the complete process to you, get your tax levy released and work out a tax settlement with the Internal Revenue Service.
Tax or wage levies can usually be released by your next paycheck so do not be worried nor be bullied by the Internal Revenue Service.
IRS Tax Levy protocol
An individual taxpayers wages, salary, and other income can be levied.
Wages, salary, and other income also include payment for personal services in a work relationship. IRS can also go ahead and levy be your bank account as well.
If a Employer Threatens to Fire Taxpayer Because of a Levy
Sometimes an employer threatens to fire an employee to avoid handling a IRS Tax Levy. This might be a violation of 15 USC 1674. You can call us for more detail.
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. These cases are far a few between however is a good warning for an employer who thinks about threatening his employee with termination.
If this is the situation with you you will have to refer the taxpayer s employer to the Wage and Hour Division of the Department of Labor (DOL).
DOL, not IRS, must decide if the employer violated the law.
Continuous Effect of Levy on Salary and Wages
A levy on a taxpayer’s wages and salary has a continuous effect.
It attaches to all future payments, until the IRS tax levy is released. Wages and salary include fees, bonuses, commissions, and similar items.
All other tax levies only attach to property and rights to property that exist when the levy is served.
Tax levies on bank accounts
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. therefore the levy is only good at the time place and date of service. The bank account is frozen but still active.
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.
Exempt amounts
IRS is restricted by law from taking the entire paycheck. Exempt amounts will be taken into consideration.
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.
Court ordered child support
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 support is allowed, the same child can not be claimed as an exemption for figuring the exempt amount.
Do not be bullied by the IRS. Get your levy released and settle your case. Call today can find out more on how to get immediate results. 1-866-700-1040.
Tax Levy on a Paycheck – Get IRS Tax Levy Released Now
