Tampa Wage Levies Attorney
You may have heard that the IRS can garnish or seize your wages if you do not pay taxes. It is essential for you to know that this option is in fact one method the IRS can use in order to collect unpaid taxes, and it is called a wage levy. As the IRS explains, if your wages are seized due to unpaid taxes, a portion of your paycheck will go to the IRS during each pay period until all taxes are paid, until the levy is released, or until you make payment arrangements with the IRS to pay what is due. If your wages have been levied by the IRS and you need assistance making a payment plan or having the levy released, you should get in touch with a Tampa wage levies attorney at our firm as soon as possible.
Requirements for the IRS to Levy Your Wages in Tampa
The IRS cannot automatically levy your wages without providing you with property notice. Prior to a wage levy, the IRS must send you a Final Notice of Intent to Levy, giving you one final opportunity to pay the taxes you owe or to enter into an Installment Agreement or another type of payment plan with the IRS.
If you have received a Final Notice of Intent to Levy, it is time to get in touch with an experienced Florida tax attorney who can help. It may be possible to avoid the wage levy altogether.
How Can I Get a Tampa Wage Levy Released?
If you want to have a wage levy released, you should know that the IRS must release if it finds that one of the following things is true:
- You paid the taxes you owe;
- The collection period ended before the IRS levied your wages;
- By releasing the levy, you will have an easier time making your tax payments;
- You entered into an Installment Agreement with the IRS; or
- Levy creates an economic hardship.
Wage Levy Causing a Hardship in Tampa, FL
In some situations, it may be possible to have the IRS release a wage levy if the levy is causing a financial hardship. For example, if the wage levy is preventing you from having sufficient money to pay your bills or to purchase food for your family, you might be able to have the IRS release the levy. However, it is critical to understand that, if the IRS releases a wage levy due to a hardship, you will still owe the unpaid tax balance. The IRS may be able to set up a payment plan with you so that you can repay what you owe.
In order to be eligible to have a wage levy released due to a hardship, you will need to contact the IRS and provide detailed information about your current financial situation.
Seek Advice from a Wage Levy Lawyer in Tampa, FL
If you have received a notice that your wages will be levied, or if you need assistance seeking a release of a wage levy, one of our experienced Tampa wage levy attorneys can assist you. Contact Ronald Cutler, P.A. to learn more about the tax law services we provide to clients in Florida.