One of the most troubling things that could happen if you are faced with IRS trouble is a wage levy. If you are in danger of having the IRS place a wage levy against you, Jay Allen Finn, CPA, and his firm can help. For more than 30 years, Mr. Finn has dealt with IRS problems of all kinds, including those involving a wage levy. Mr. Finn knows how the IRS works since he is a former IRS Revenue Agent. His firm has experience in dealing with tax problems and has had success in getting clients a reduction in penalties for tax debt, preventing the IRS from seizing property, protecting tax refunds and getting the IRS to settle for an offer in compromise for pennies on the dollar. Mr. Finn can certainly help you if you have been hit with a wage levy; have delinquent taxes or any other type of tax problem. Waste no time in contacting Mr. Finn if you have a wage levy. It could make the difference between you having a full paycheck or a small paycheck.
When the IRS places a wage levy on you, they send notice to your employer, letting them know of your debt. Your employer must then send a portion of your check to the IRS. Depending upon several factors such as number of dependents or the size of the debt, a wage levy could result in about 30 to 70 percent of your paycheck going to the IRS. The IRS could also take personal property or property tied up with another entity such as Social Security. It would make life very difficult if you have a wage levy or a bank levy placed against you by the IRS.
Jay Allen Finn and his team know what to do when you have a wage levy. They'll find the cause of your tax problem and then empower you with the tools to prevent a wage levy from happening again. They will help you find ways of filing and paying your delinquent taxes so they are current. Most importantly, Jay Allen Finn helps you find ways of settling with the IRS. Their methods are time-tested and proven to work. Let the experts at Jay Allen Finn’s firm assist you with a wage levy, a bank levy or any other tax problem. They have helped many clients and will look into ways of solving your IRS problems. For more information on what to do when faced with a wage levy, simply log on to www.doggedbyirs.com.
How an IRS Wage Levy Can Affect Your Paycheck
[Posted on Oct 25]
Dealing with an IRS tax debt can cause stress like you have never imagined. Many taxpayers receive constant phone calls and letters from the IRS threatening a wage garnishment, bank levy and even seizure of personal property in order to satisfy the debt. If you are being harassed by the IRS for back taxes, you may lose sleep, become depressed and simply not know where to turn. After all, if the IRS serves you with a wage levy then you will be losing a specified percentage of your paycheck every payday. The action amount will vary from situation to situation but you can bet that it will be enough to put your family in a bad financial state.
You see, the IRS does not care about whether or not you have enough money left over from your paycheck to pay your mortgage. They do not care if you can keep the lights on in your home or food on your family’s table. They only care about getting your delinquent taxes paid and they will use every legal avenue available to get that debt paid. If you are served with a wage garnishment they can take up to 70 percent of your paycheck and they will continue to take that amount until your debt is completely paid off. So, what is a taxpayer to do when faced with such dire circumstances?
The first thing that you need to do is to contact Jay Allen Finn, CPA. Mr. Finn can put a stop to the harassing phone calls and letters and can get that wage garnishment stopped before it drains your family of what little financial structure you have left. Mr. Finn worked for many years as an IRS agent and knows exactly how the laws work regarding delinquent taxes. He can see if you qualify for a program that will allow you to pay your tax debt off much sooner than you may have thought.
Mr. Finn and his team of tax professionals can help you with your wage levy, bank levy or any other problem that you are having with the IRS. They will work with the IRS for you to get your debt paid off and ensure that you do not get in this situation again in the future. Mr. Finn can help to protect your wages, help you to file delinquent returns and ensure that your future income tax refunds are not taken. If you need help dealing with the IRS, then you need to contact Jay Allen Finn today before you begin losing a substantial amount of your paycheck every week to the IRS.
Read More Articles Below: