Overview about irs wage levy

In many cases, many tax payers haven't paid their taxes in years because they were maybe so busy doing their business or even they intentionally forgot paying taxes for financial or emotional situations. In these cases, whatever the reason, they are now faced an irs wage levy. IRS wage garnishment requires a taxpayer to use part of his or her earning in order to pay off his or her debt that he or she forgot. In other cases, the IRS wage garnishment can be issued by court and federal agencies. Wages garnish can be your wages, salaries, bonuses, commissions, welfare money, etc... Here are process of issuing an irs wage levy: First, a notice and Demand for Payment will be sent. If you neglect that notice and refuse to pay tax, after 30 days of the first irs wage levy notice was sent, a Final Notice will be sent to your registered email or post addresses. According to the law IRS wage garnishments are restricted to 25% of an employee's disposable income if employee disposable earnings are more than 30 times the federal minimum wage. Several states, however, have a maximum garnishment level that is lower than 25%.


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