IRS Notice Of Levy on Wages, Salary – Wage Levy Tax Relief Today

If the IRS has sent you or your employer a 688W you wages will continue to be levied until your wage levy garnishment is released.

We are comprised of Attorneys, CPA’s, Enrolled Agents and Former IRS agents and managers who know the system and can get you tax relief from a notice of a Wage Levy.

Call for a free tax consultation and speak directly to a tax professional.

How Wage Tax Levies and Garnishments are removed.

IRS will require a number of things to get your wage tax levy removed or released.

A IRS Agent will be assigned the case wither in the local office or in ASC. If you look at your letter it will let you know where your case is being worked.

IRS will ask for a 433A or a 433F depending who has control of the case.

Both of these forms are IRS financial statements.

IRS will require those financial statements be fully documented and the IRS will want to see proof via fax.

IRS will be looking at Income and Expenses.

IRS will then apply your expenses against the National and Regional Standards. IRS will analyze the information and then make a decision to put your case in one of three categories.

IRS will either put your case in:

1. a IRS tax hardship,

2. make a payment agreement or,

3. recommend the filing of a offer in compromise.

You must also have all tax returns file and up to date.

It is of critical importance you have a tax professional qualify your case before submitting the financial statement to the IRS so you can the best possible settlement structure.

You may not be FIRED from your job. If you are you should sue!

Employer Threatens to Fire Taxpayer Because of a Levy

Sometimes an employer threatens to fire an employee to avoid handling a wage levy.

This can 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.

Who you refer the case to:

You may refer the taxpayer to the Wage and Hour Division of the Department of Labor.

DOL, not IRS, must decide if the employer violated the law.
How a continuous effect of levy on salary and wages

Unlike other IRS tax levies, a levy on a taxpayer’s wages and salary has a continuous effect. Yes, it never stops.

It attaches to future payments, until the wage or salary levy is released.

Wages and salary include:

1. fees,

2. bonuses,

3. commissions,

4. 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.

 
Exempt Amount from a Wage or Salary Levy

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 weekly exempt amount is:

a. 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.

b. Then, this total is divided by 52.

Income that is not paid weekly is prorated, so the same amount is exempt.

Important Note:

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.

Reminder:

If support is allowed, the same child can not be claimed as an exemption for figuring the exempt amount.

Call us today to get fast and affordable tax relief from a Wage or Salary Levy. 1-866-700-1040.

IRS Notice Of Levy on Wages, Salary – Wage Levy Tax Relief Today