Terrible title, however, being on the bad end of an IRS Wage Levy is no way to exist. Multiple notices have gone unanswered and the IRS really wants to get someone’s attention. An IRS Wage Levy (seizure) is the element of surprise sure to initiate tax anxiety at the core.
Below are some example scenarios. Ready to make a conscious change toward legitimate? Stop an IRS Wage Levy on your life’s plans. Perhaps one has aspirations to live the American dream…Buy a house, send the kids to college (student loan), apply for grants, buy a new refrigerator, anything requiring credit will surely be unreachable if tax balances go on neglected long enough.
- Multiple years of unfiled tax returns – IRS has 10 years to collect on a tax debt. IRS may have created their own unauthorized tax returns without proper exemptions and deductions. State taxing agencies do not have a collection statute. The state can collect on a missing tax return from 20 years ago, FYI.
- You owe on a federal and state existing balance of any amount, small or large – enough said
- Large shoe boxes filled with receipts preventing you from doing your tax returns – Here is a scenario we feel the intimidation and overwhelming feeling of “where do I start”. Have no fear no paper mess is too large to assess. The idea is create “air tight” tax returns with substantiation.
- Denial of credit to purchase a necessary large ticket item: Automobile, Appliances, New mortgage and applications for student loans.
- FICO score suffering – A tax lien filed by a state or IRS collection entity conveys to the public sector the Taxpayer cannot be trusted and cannot commit to pay even the most elementary obligation of paying one’s fair share of the tax burden.
- State notices start to pile up – Lucky if you live in Florida, Texas or Nevada…In our opinion the states are actually nastier, they levy before they ask questions.
- IRS notices piling up – Federal government has the most powerful collection agency in the entire world, the Internal Revenue Service
- Filing of a federal Tax Lien usually follows – Again this public notice is circulated via the county recorder’s office. At the county recorder’s office is where delinquent taxpayers addresses are made public information for the invasive mailers claiming your current balance can be reduced for “pennies on the dollar”.
- Employer notification of instruction to continuously withhold any income due whether at a percentage or all of it. Which IRS wage levy do you prefer?
- IRS bank levy – a onetime event, however if not addressed in the specified time window to resolve, you might as well smile and wave good bye to the hard earned money you expect to enjoy or survive upon.
DWK’s recommendation is as follows:
Be proactive, a solution will not magically appear.
Hire excellent representation with credentials.
FREE IRS Tax Relief consultation call DWK Tax Group at 1-866-226-6102. https://dwktaxgroup.com