What is a Notice of Levy of Wages?
Being slapped with a wage levy is a very serious situation.
What does such an action mean to a delinquent taxpayer? It can mean a lot
trouble and should be avoided, but if it is too late to avoid, then it needs to
be dealt with quickly. The filing of a federal tax levy can mean the beginning
of a long downhill journey.
For starters, an IRS wage levy can make your day to day life very difficult.
Once the levy is placed on your earnings, you'll find that you barely have
enough left to pay for basic expenses. Ideally, you want to take care of your
tax problem before things reach this stage. However you might not be able to
for an assortment of reasons.
It is important to understand that the IRS realizes the
difficult position they are placing the taxpayer in and does not do so lightly
or maliciously. A wage levy is the IRS’s way of getting attention and forcing
the taxpayer into action. However, once a levy is in place getting it removed
can be a nightmare without professional help. An agency that has experience
dealing with the IRS can cut through the bureaucracy, saving you time, money,
and your reputation.
Not a solicitation for
legal services
Labels: IRS Wage Levy