IRS Wage Levy Garnishment – Christian Tax Relief Services – Affordable Attorneys, CPA's, Former IRS
IRS Wage Levy Garnishment – Christian Tax Relief Services <><
We are professional Christian tax firm that specializes in IRS wage and bank levy releases. Christians should have good solid biblical Tax Counsel.
We are comprised of Christian tax attorneys, Christian CPAs, and former IRS agents, managers and tax instructors who are professing Christians.
We can not only get your IRS wage garnishment levy released we can also settle your case at the same time.
Contact us today for a free initial tax consultation.
We are A+ rated by the Better Business Bureau of been in private practice since 1982.
We are affordable Christian tax firm.
IRS Wage Levy Garnishment Release
Before the Internal Revenue Service will release an IRS wage levy garnishment you will need to provide to the IRS a complete financial statement.
That financial statement can be found on our website. The form, 433-F.
You will need a completely documented that financial statement that will include copies of current pay stubs, last three months bank statements and copies of all of your monthly expenses.
IRS will compare your financial statement against the national and regional standards for living expenses.
Once the Internal Revenue Service conducts a review of your financial statement they will determine one of three closing methods that you will fall into.
Simultaneously, once the closing method is accepted your IRS wage levy garnishment will be immediately released.
You can actually get your IRS wage levy garnishment released the same day we get your IRS financial statement. We not only will get your IRS wage levy garnishment released we will get your case settled.
The IRS Wage Levy Garnishment
An individual’s wages, salary, and other income can be levied.Wages, salary, and other income include payment for personal services in a work relationship.
Can a Employer Threatens to Fire Taxpayer Because of a Levy???
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.
Refer 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.
Continuous Effect of a Wage Levy Garnishment on Salary and Wages
Unlike other levies, a levy on a taxpayer’s wages and salary has a continuous effect. It attaches to 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.
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.
Retirement Income.
A Form 668-A is issued to levy an author’s royalties. The author has a fixed and determinable right to royalties for books that have already been published. The levy reaches royalties for sales of those books in the future. The levy does not reach royalties for books that are written and published later. A new levy must be served to take those royalties.
A Form 668-W is issued to levy a taxpayer’s retirement income. The taxpayer has a fixed right to the future payments; therefore, the levy remains in effect until it is released.
Exempt Amount from a IRS Wage Garnishment
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.
The support order can originate from a court or administrative process under the laws and procedures of a state, territory or possession.
Contact us today to speak to Christian tax professionals who are experts getting releases for the IRS wage levy garnishments.