Unlike other creditors, the IRS has unprecedented power over you to collect unpaid tax liabilities simply by serving a piece of paper, a wage levy or garnishment called a Notice of Levy, on your employer. If you are a W-2 employee, the IRS can basically take your entire paycheck. You are then essentially working for free and will receive little, if any, money in your paycheck.
If you are self-employed or are an independent contractor, the IRS can levy on or garnish the people that pay money to you for your services. If a levy is served, the people that owe money to you are required to pay ALL of that money to the IRS.
If the IRS has levied on or garnished your wages or income, we can help. Give us a call today.
Taxpayer Wages Garnished To An Unlivable WageOur taxpayer arrived at work to find that the IRS had served a levy on his wages. His employer came to him and said that the wage levy will take effect on his pay that Friday. The employer explained that our taxpayer will only receive $90.00 per paycheck going forward because of the levy. Our taxpayer immediately became worried as to how he will pay the rent and keep food on the table. Our taxpayer retained Patrick T. Sheehan & Associates and we negotiated a release of the wage levy before the Friday payroll. We also negotiated an installment agreement with the IRS where our taxpayer made small monthly payments to the IRS without the fear of further wage levies. Case Study
A wage levy is financially devastating and immediate action is required. If you are under a wage levy, or have received notice that a levy or garnishment will soon be issued, please call us. We can help. Call Us Before the IRS Calls You!®