We are composed of Former IRS agents, managers and tax instructors who can stop IRS Paycheck, Salary, and Wage Garnishment Tax Levies.
We are a local South Florida tax firm has been practicing since 1982 right here in South Florida and we are A+ rated by the Better Business Bureau.
You can call us today and we can stop in IRS paycheck, salary or wage garnishment levy released as fast as anybody.
Being former IRS agents, managers and tax instructors we know the exact systems, settlement strategies, protocol and the exact procedures necessary to stop an IRS tax levy on a paycheck, salary or wages.
Paycheck, Salary, Wages Levy
An individual‘s paycheck, wages, salary, and other income can be levied. Wages, salary, and other income include payment for personal services in a work relationship.
You can stop the paycheck,wages or salary levy by knowing the system within the Internal Revenue Service.
Of all the different tax levies that Internal Revenue Service can issue, the paycheck, wages and salary levy is the most damaging because it is a continuous levy that occurs each and every paycheck over and over until IRS issues a full paycheck or salary levy release.
Believe it or not the Internal Revenue Service does not like to seize the paychecks of taxpayers but it has no choice.
They are attention getters to get the taxpayer to call the internal revenue service so they can get information to closed off of the IRS enforcement computer.
The Form 668-W
The a paycheck, salary, wage levy occurs when the employer receives a IRS form 668-W.
It is important to note that if you receive an IRS bank levy it is only a one-time levy or seizure unlike the paycheck, wage or salary levy.
Not only is the paycheck, salary or wage levy damaging financially it many time hurts the relationship between the employee and employer. We would urge any employee receiving a paycheck, salary or wage Levy garnishment notice to sit down and talk with their employer to let them know they are planning to resolve this and get their tax life back in order.
As former IRS agents and managers we have over 60 years of working directly for the Internal Revenue Service in the local, district, and regional tax offices of the IRS. As a result of all our years of work experience we know the exact systems and protocols that to stop a paycheck levy or a bank levy burden.
TOPPING a tax levy on a paycheck, salary, wage levy.
The Internal Revenue Service issues a paycheck levy or salary levy because a taxpayer has not responded to the final notice that IRS sends each and every taxpayer. If a taxpayer has moved they might have never received the final bill or tax notice telling them that IRS was about to take seizure action. Believe it or not one third of the IRS notices of levy and wage garnishment taxpayers never received the last IRS notice or bill telling him to call the IRS.
The Financial Statement
To get the Internal Revenue Service to stop a levy on a paycheck, salary, or wage garnishment you must submit to IRS a current financial statement on form 433F.
You can find that form on our website.
If you owe under $25,000 it is very possible that we (FST) can simply go online and get a current installment agreement for you.
The financial statement that IRS will want you to submit to the ACS unit to make a determination on your levy release is found on a form 433-F. You can find it directly on our website.
You will need to fill out a complete and correct financial statement and also be willing to provide IRS with current bank statements, current wage information, and all monthly income and expenses. You will need to send or fax the Internal Revenue Service all documentation for inspection. This is a very simple process.
The Internal Revenue Service will also require that all your tax returns are filed, current and up-to-date on the IRS computer system. We can file all your back tax returns at this is an issue. If you not have the tax records available to file your back tax returns being former IRS agents and managers we can help by doing a tax return reconstruction.
The Internal Revenue Service will not release a paycheck levy, a salary levy, or a wage levy until they have a closing method on your case. (this all can happen in one day )
After IRS reviews your financial statement there are one of three general remedies they will use to close your case to get it off the IRS collection computer.
Once the Internal Revenue Service has all your information they need on your financial statement, as a general rule, they will will release your levy the very same day.
To stop your tax Levy today we will need your complete financial statement along with all documentation.
We will then send IRS a power of attorney, call them and get your case closed off of the IRS collection computer. IRS will then fax a release to your employer.
The only thing that holds us up from getting your levy released is you!
How will the IRS close your case
The Internal Revenue Service needs a closing a method to close case off the collection computer and to release your paycheck wage or salary levy. After the Internal Revenue Service carefully reviewed your financial statement and all your documentation to support it, the IRS uses one of the three following closing methods.
The Internal Revenue Service will either place your case into:
- a currently non-collectible file, CNC,
- ask you to make a monthly installment or payment agreement or
- the IRS will tell you that you are a qualified and suitable candidate to file an offer in compromise. The filing of an offer in compromise is a much longer and complicated process.
Your financial statement will determine what method the IRS will use to close your case. When we are retained by clients we carefully check their financial statement and find out which closing method best fits your financial capabilities.
We will go ahead and review your financial statement and explore the different closing methods that best suits your financial condition.
It is important not to be ripped off by Internet companies that tell you they can settle your case for pennies on the dollar. It is important to check the Better Business Bureau ratings before retaining any firm and make sure they are not promising you the moon.
You must use credible and credentialed professionals
We are A+ rated by the Better Business Bureau because of our understanding and knowledge of the tax resolution industry and simply because of our years of experience with the Internal Revenue Service.
Can an 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.
You should 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.
The Continuous Effect of Levy on Salary, Paycheck and Wages
Unlike other 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 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.
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.
Also, see IRM 22.214.171.124, Levy on Non-Liable Spouse in a Community Property State for guidance when the wage levy on the non-liable spouse is not continuous.
Exempt Amount on Paychecks, Salary, Wage Levies
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 prorate, 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 for a free initial tax consultation and let us start your process to get your paycheck, salary or wage garnishment levy released today.
We will immediately send IRS a power of attorney , send them your current financial statement, obtain a closing method that best suits your financial means at the current time and have IRS issue an immediate release of a tax levy in your paycheck, salary or wages. We will also review with you whether you are a qualified and suitable candidate for IRS tax settlement called an offer in compromise.
We’re A+ rated for a reason. We are one of the most trustworthy, experienced and affordable firms in the tax resolution industry.
When you call our firm you will speak directly to a true tax professional.
STOP IRS + Paycheck, Salary, Wages Garnishment Levy – STOP Tax Levies with Former IRS Agents