The Truth About Wage Levies
Every day, many people get notices from the IRS that their wages are about to be levied.
A wage levy is when the IRS takes a portion of your paycheck to pay down the debt you owe for taxes. Other forms of levies, such as a levy against your bank account, are only enacted once. But a wage levy will affect your wages continuously until the tax debt is settled.
This usually creates a huge burden for the taxpayer because they are already struggling to pay their bills. The good news is that under certain circumstances, it is possible to get a wage levy released. This may be difficult to accomplish on your own. It usually requires specific supporting paperwork and dealing with the IRS. But if you do successfully have a wage levy release, your paychecks go back to normal.
Generally, an IRS wage levy can be released if it can be shown that the levy causes an economic hardship that makes it difficult for the taxpayer to provide the basic necessities of day-to-day living. The catch, however, is that the IRS defines “basic necessities” different from how the taxpayer defines them. Because of this, it’s important to have a good understanding of how the tax laws work. This is where we come in.
If you have a wage levy and are trying to get it released, do not do it alone. We have the experience necessary to help you. Contact our experienced tax law professionals today at 877-254-4254 and see our 100% guarantee: http://www.irsallstar.com/100-guarantee.