STOP IRS Wage Garnishment – NOW
As soon as you give IRS a completed and documented form 433-F, IRS will make arrangements to send over to your employer in IRS wage garnishment release.
Contact us today and you can stop start the process of stopping your IRS wage garnishment right now.
We are in IRS tax resolution firm that has a specialty in IRS tax representation.
We are comprised of tax attorneys, certified public accountants, enrolled agents, and former IRS agents, managers and tax instructors who have over 60 years of working directly for the Internal Revenue Service the local South Florida IRS offices.
While at Internal Revenue Service we taught tax law,
We have been in private practice right here in South Florida since 1982 and we are A+ rated by the Better Business Bureau.
The process to get your money back from IRS from a IRS Wage Garnishment
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. IRS must send their final notice to your last known address found on your last filed tax return.
As a result, the Internal Revenue Service systemically sends out computer generated levies from their CADE2 to computer. The IRS levy sources are found on your last couple of your tax returns and from third-party reporting sources
To get your wage garnishment 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. Just go to IRS forms on our website and simply download the form and complete it.
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.
IRS completes a carefully review the financial statement so you want to make sure you are accurate and honest.
Once IRS reviews your current financial statement they will begin the process to release your IRS Wage Garnishment 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. You can also find these national, regional and geographical standards on our website as well.
IRS will then provide the information to you into which closing category as a result of the financial review.
As a general rule, IRS will close your case and either place you into:
- an economic tax hardship which means you are currently noncollectable,
- they will enter you into an installment or monthly payment agreement,
- or indicate to you that you are a suitable candidate for IRS tax debt settlement otherwise called an offer in compromise.
- Once IRS indicates to the closing settlement method , t hey will immediately release your wage garnishment tax levy.
IRS Rules about IRS Wage Garnishment Tax Levy
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.
The Really Bad News Continuous Effect of Levy on Salary and Wages
Unlike other IRS tax levies, a levy on a taxpayer’s wages ( wage garnishments) 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. It is critical to start the process of a wage garnishment release as soon as it is received by your employer. The employer is not allowed to give you any money or funds until the payroll department gets a release.
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.
Bank Account Levies
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.
Exempt Amounts from the Wage Garnishment 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:
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.
Note:
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 IRS Wage 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.
Call us today for a free initial tax consultation and start the process to get your money back right now.
Stop IRS Wage Garnishment Levy – Get your Money Back – Ft.Lauderdale, Miami, Attorneys, Former IRS
