When Appealing a Wage Levy is an option

Are you thinking about appealing a wage levy? There are times when this is a viable option, as well as situations when you have no chance of winning. It is important to know your stance, as well as what you can do in the near future to make your situation better. Those who do not know the first thing about a wage levy may need to hire a professional to assist them.



Once you receive your "Final Notice of Intent to Levy and Notice of your Right to a Hearing" you will have to decide if you think appealing the levy would be in your best interest. Obviously, you do not want to waste your time with this if you have no chance of the appeal going in your favor.



There are many reasons why you can appeal a wage levy. Below are a few of the more common reasons:



1. Taxes were paid in full and the IRS made a mistake. There is a chance that the IRS did not apply your payment in the right way. It is very important that you track your payments to ensure that the IRS does not short you.



2. You entered into an installment agreement with the IRS. If you agreed to a payment plan before the wage levy was issued you should be in good shape. Under this circumstance you have the right to appeal your levy, and should be able to have it wiped out.



3. You submitted an offer in compromise. The IRS is not allowed to place a wage levy until they make a determination on your offer in compromise. Once you receive an answer you must then deal with your situation appropriately.



4. The IRS made a procedural error. The IRS must follow the proper procedure, down to every last detail, before issuing a tax levy. If they do not do so or miss a step a levy should not be issued.



5. The Final Notice of Intent to Levy and Notice of your Right to a Hearing was sent while you were in bankruptcy. Bankruptcy halts all collection actions, including tax debt.



With this information you should have a better understanding of when appealing a wage levy is an option.

More information on the IRS Wage Levy. Find the best solution for your financial situation and connect with tax professionals to help.