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Tax levies: Large print giveth, small print taketh away

by on
in Office Management,Payroll Management

The aftermath of the Great Recession may very well be read in an increase in the number of tax levies on wages, as employees scrimped on their taxes to pay for other things. The IRS isn’t sympathetic, and that’s bad news for already overworked Payroll departments.

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{ 1 comment… read it below or add one }

Jeffery Sanders February 5, 2013 at 9:14 pm

This is true, IRS levies can be confusing and very stressful. However, it might be possible to release the IRS levy depending on the circumstances. The IRS levy on wages will be automatically released if a taxpayer enters into an Installment Agreement. The important thing here is not to agree to make higher payments that you can afford. Review your financial situation carefully or consult a tax dept specialist to prepare a payment plan proposal on your behalf. Sometimes tax levy can be released even if there is repayment agreement in place. For more information how to deal with the IRS levy, visit us at http://www.2020taxdebthelp.com.


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