Avoiding the panic of an IRS wage levy on your paycheck is preventable. Thousands of Taxpayers in the same tax quagmire require a sound review of all facets of the federal tax account. Notices arriving at an alarming pace is a sure indication the IRS is not far from aggressive collection enforcement.
Truth is, being poked and prodded by the IRS to fix your tax bill often has a silver lining. Having an Enrolled Agent weigh all the facts in a free 20 minute conversation is an excellent place to start. Business protocol requires us to do due diligence prior to taking a case.
FREE IRS tax relief consultation call DWK Tax Group at 1-866-226-6102. Visit https://dwktaxgroup.com
IRS Notices leading to an IRS Wage Levy
The order of notices are usually consistent. The usual order for a 1040 filer is as follows:
IRS Notice CP-14 (1st notice): Notice of amount due, usually includes tax you owe, payments and credits, penalty for failure to pay proper estimated tax payment, failure to pay penalty and interest charges. In this case the balance due is $18,418.
IRS Notice CP-503 (Second reminder): Notice of amount due, usually includes tax you owe, payments and credits, penalty for failure to pay proper estimated tax payment, failure to pay penalty and interest charges.
In 35 days’ time the balance due grew at $4 dollars per day, the tax bill is accruing penalties and interest.
IRS Notice CP-504 (1st notice of intent to levy): Notice of amount due, usually includes tax you owe, payments and credits, penalty for failure to pay proper estimated tax payment, failure to pay penalty and interest charges. This notice usually means you have a 90 day window to resolve the IRS tax account.
In 105 days’ time the actual tax bill has ballooned an additional $420 dollar increase. Penalties and interest are compounded daily.
FREE IRS tax relief consultation call DWK Tax Group at 1-866-226-6102. Visit https://dwktaxgroup.com
Final notice of intent to IRS wage levy
IRS Notice CP-90 (Final notice of intent to levy): This notice is a very unsettling piece of communication. Usually the Taxpayer has 30 days to resolve the IRS tax account or face an IRS wage levy, wage garnishment or bank levy collection enforcement.
Receiving a notice CP-90 can be an intimidating letter to receive. Puzzled about the notices? Not sure what the notice is for? Wondering how am I going to pay this back? Contact a credentialed DWK Tax Group Enrolled agent or Tax attorney today. A Tax professional should be consulted prior to pending deadline. Again, an IRS wage levy is scary but not the end of the world, we can help.
FREE IRS tax relief consultation call DWK Tax Group at 1-866-226-6102. Visit https://dwktaxgroup.com