Tax Wage Levy – Get your Tax Wage Levy Removed Today

January 7, 2013
Written by: Fresh Start Tax

Mike Sullivan
 
Tax Wage Levy – Get your Tax Wage Levy Removed Today
It is very possible to get your tax wage levy released today if you are going through a hardship.
We are comprised of Attorneys, CPA’s and Former IRS Agents and we can get your case settled and your Tax Wage Levy Problem completely resolved.  1-866-700-1040
IRS uses a form 668W to seize wages. You should know the 688W is a continuous tax levy. The Tax Wag Levy  will not stop until you quit the job or until get a release of tax wage levy from the IRS.
We are affordable, fast and A plus rated by the BBB.
To make sure this situation is resolved as fast as possible we will need to make sure all your tax returns are filed or at least in the preparation phase and need a 433F financial statement with complete documentation.
We can help you through this process. Call is today for a no cost professional tax consult and speak directly to a true tax professional. 1-866-700-1040.
What is a Tax Wage Levy
A tax wage levy  is a legal seizure of your property to satisfy a tax debt.
Tax Wage Levies are different from liens.
A federal tax lien is a claim used as security for the tax debt, while a tax wage levy actually takes the property ( or seizes the property ) to satisfy the tax debt.
If you do not pay your taxes or make arrangements to settle your tax debt, the IRS may seize and sell any type of real or personal property that you own or have an interest in.
The Internal Revenue Service will usually levy only after these ( 3 ) three requirements are met:
1. IRS assessed the tax and sent you a Notice and Demand for Payment,
2. You neglected or refused to pay the tax,
3. the internal Revenue Service sent you a Final Notice of Intent to Levy and Notice of Your Right to A Hearing  ( tax levy notice) at least 30 days before the levy.
Method of Delivery
The IRS has the option, it  may give you this notice in person, leave it at your home or your usual place of business, or send it to your last known address by certified or registered mail, return receipt requested.
Please note: if the IRS levies your state tax refund, you may receive a Notice of Levy on Your State Tax Refund, Notice of Your Right to Hearing after the levy.
Continuous Effect of Levy on Salary
Unlike other IRS tax 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:
1. fees,
2.bonuses,
3.commissions, and
4. similar items.
All other tax levies only attach to property and rights to property that exist when the levy is served.
For an example, if a bank account is levied by the IRS, it only reaches money in the account when the levy is served. It does not reach money deposited later.The levy is good only at the time, place and date of service.
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 Amount from a Tax Wage 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.
Joint Liabilities

For joint liabilities, generally levy the income of the spouse with the larger income.
IRS will generally levy both incomes only in flagrant cases of neglect or refusal to pay.
Separated  Taxpayers
If taxpayers are separated, consider collecting from both spouses’ income rather than collecting from one spouse’s income.
Tax Wage Levy – Get your Tax Wage Levy Removed Today
 

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