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IRS Wage Levy Release
If your wages have been levied, you may be entitles to an IRS levy release. The IRS wage levy will stand until the time limit is reached (Statute of Limitations), you pay the tax plus any penalties and interest due or the IRS has released the levy.
There are several reasons in which the IRS may release the wage levy. However, the taxpayer must file an appeal or request to have this accomplished.
Here are some of the primary considerations for the IRS releasing a wage levy:
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- The taxpayer has paid the entire tax debt due, including any and all applicable penalties and interest owed.
- Documentation has been provided by the taxpayer demonstrating that the tax owed will be repaid if the levy is released.
- An instalment agreement is executed by the taxpayer and approved by the IRS.
- The levy is causing extreme financial hardship for the taxpayer, demonstrated by submitting financial information for review.
The best course of action is always
to prevent a wage levy from occurring. For information about settling
a tax debt or addressing a wage levy, contact one of our tax professionals.
For
more information about your IRS levy rights, contact one of our
tax professionals at 1-877-658-3477. Let our 27 plus years of
experience go to work for you in relieving IRS stress, IRS levy
pain, and IRS audit frustration.
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