| A wage levy is one of the harshest, unrelenting | | | | individual taxpayer. |
| collection mechanisms used by the IRS. If you don’t | | | | 3) There are hundreds of different outcomes possible |
| act fast the IRS will leave you without enough to pay | | | | when dealing with a wage levy. A tax professional can |
| your other required expenses. The IRS guidelines are | | | | analyze your tax, financial, and work situation to come |
| supposed to prevent the IRS from leaving taxpayers | | | | up with the best settlement/resolution method for your |
| with little money, but that rarely happens. Their | | | | financial situation. They do not just go with what the |
| guidelines are based on national averages to come up | | | | IRS wants. They understand what the IRS wants but |
| with a minimum amount that they say people need to | | | | know what they are willing to accept and they will |
| live. Most cases, people are paying much more than | | | | make educated decisions with your financial wellbeing |
| the set minimums the IRS works with for its decisions. | | | | in mind. |
| Using a tax professional to resolve your wage levy | | | | 4) Many IRS filings are complicated, especially when |
| can be the most effective method available to you. | | | | dealing with IRS debt. So many filings are rejected by |
| When I say effective I mean time effective, cost | | | | the IRS simply because of minor filing errors or even |
| effective, and financial effective method. Below are | | | | because of lack of representation. It is in your best |
| some benefits you receive from using a tax | | | | interest to have a tax professional handling these filings |
| professional when dealing with a wage levy. | | | | for you. They have done many others just like it and |
| 1) The IRS will be more willing to come to a better | | | | know exactly what is required. The IRS works off of |
| agreement with you if you have a tax professional. | | | | formulas. Tax professionals have these formulas |
| When the IRS places a wage levy on a taxpayer they | | | | figured out from years of experience. Individual |
| have already labeled that taxpayer as uncooperative. | | | | taxpayers do not have time to figure these things out |
| When you hire a tax professional you will file for a | | | | and don’t have the time or money to “see if it |
| power of attorney and this gives the tax professional | | | | works”. |
| the write to act on your behalf. This is a very positive | | | | When it comes to a wage levy, talk with a tax |
| sign to the IRS because this means that you are | | | | professional. A tax professional can be your best bet |
| serious about resolving your tax problem and they will | | | | at keeping the most money for yourself and resolving |
| be much more willing to work with you on an | | | | your tax problem as quickly as possible. Did you know |
| agreement. | | | | that you can even settle for far less than you owe? A |
| 2) A tax professional knows the terminology and lingo | | | | tax professional will analyze your situation and see if |
| of the IRS. An IRS employee prefers to work with a | | | | you are a candidate for the offer in compromise |
| tax professional over an individual taxpayer because it | | | | program. If they feel you will qualify they will prepare |
| makes their jobs a whole lot easier. With that being | | | | and file all paper work and handle all negotiations on |
| said, they are also much more likely to give a more | | | | your behalf, while halting your wage levy. |
| favorable decision to the tax professional than to the | | | | |