Get in touch with a tax expert at Leading Tax Group as soon as you learn about the wage garnishment or bank levy. We will tell you everything you need to know to fight the IRS. Of course, you can also hire one of our seasoned tax professionals, whom include tax attorneys, to represent your interests. We can help you with tax settlements, offers in compromise, tax penalty removals, bank levy removal, wage garnishment removal, and much more.
Contact UsYou are probably wondering what a wage garnishment is. Basically, the IRS will notify your employer that he must remove a portion of your paycheck and send it to the agency until the debt (and any interest) is paid. This means that you will suddenly find yourself unable to pay your mortgage or your bills. In addition, most employers will start thinking differently about you as soon as they get the notification from the IRS. You may even lose your job.
Contact UsIf you have been notified that you have a levy on your account, it means that the IRS has taken steps to take the money you owe them directly from your bank account. The bank is forced to freeze your account and then sent the money to the IRS. What does this mean for you? It means that you are about to lose all your savings and perhaps even lose the money you need to pay your bills this month. This is a very dangerous situation, especially if you are struggling to make ends meet from paycheck to paycheck.
Contact UsHeadquartered in Encino, California with multiple local branch offices in your backyard to serve you at your convenience. Leading Tax Group can schedule a face to face consultation to represent your case with the IRS, FTB, EDD, as well as CDTFA Audits.
Unfortunately, the time it takes the IRS to release a levy or remove a wage garnishment varies wildly. It can take anywhere from 2 hours to 2 weeks. Call Leading Tax Group to discuss the specifics of your case and to find out what you need to do to lift the levy.
There are several ways in which you can have a levy released. Your best choice is to call Leading Tax Group and talk to one of our tax experts. Depending on what the IRS requires , we can help you get the levy released.
During an IRS bank levy, the IRS directs your bank to freeze, and eventually forward a certain amount to them to satisfy a tax liability. Call Leading Tax Group ASAP because you have just 21 days to challenge the levy.
Yes. They can take the money in your bank account to pay off your tax debt. However, the IRS is obligated to give you a written notice and to allow you to challenge its claim before it moves to collect the money.
Your account will be frozen for up to 21 days, after which time the bank is obligated to forward the money to the IRS. You will not be able to make any withdrawals, but you can appeal the levy. Time is of the essence, so it’s best to call Leading Tax Group as soon as possible.
You have the right to appeal the IRS’s bank levy. However, the process is not always as straightforward as one would expect. We advise you to get help from a tax expert to make sure the appeal goes smoothly. Call Leading Tax Group
Depending on the type of income you receive, they can take up to 100% in some cases. However, in many cases, a part of your wage will be exempt from the levy. If you’ve received a levy or intent to levy notice, it is best to call Leading Tax Group ASAP.
No, the IRS must notify you before taking your money. You can challenge their claims and make an appeal. However, if you are in the collection process and the IRS has already sent you the bill, they can levy you at any time.
In rare cases, the IRS can garnish 100% of your paycheck. This applies if you have more than one job. The IRS may choose to garnish all the wages from one of your employers. If you have just one employer, part of your wage will be exempt from garnishment.
Yes, but only if you have more than one job. One of the wages may be garnished entirely and the other(s) will be garnished only partially. To calculate the exempt amount, read IRS Publication 1484 or give us a call.
This depends on what must be remedied in order to prevent or reverse the garnishment. The easiest way to do it is to pay the debt in full. Going to court and asking for installment payments also works. Call Leading Tax Group and we’ll show you the best course of action.
Yes, the collection process has remained unchanged. Even though the Covid-19 pandemic has caused many people to lose their jobs or to miss their payments to the IRS, the agency continues to garnish wages.