Tuesday, September 18, 2012

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

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