The sinister plan. . . When you owe the IRS money they have a large number of things they can do to collect that money if you don't work with them to take care of your debt. One of the easiest and preferred methods of collecting on your IRS debt by an IRS-Hitman is the wage levy.
How does an IRS wage levy work? The IRS applies you local areas standard of living to your gross pay. Anything over the base standards is taken out to pay the IRS. On top of that your regular paycheck taxes are taken out after the wage levy. This can cause anywhere from 50-75% of your paycheck to go to Uncle Sam.
It's not just paychecks. . . Even if you don't get a paycheck, if you get social security or disability the IRS can levy that too. In fact the IRS can garnish up to 15% of social security.
Hope is not lost. . . But you want to know how to get out a wage levy. The IRS would like to keep your wage levy active because it's an easy way for them to collect on your debt. But there are some solutions available where you'll still have to pay your debt, but at least the IRS won't be levying your earnings.
You can setup a payment plan with the IRS. With an IRS payment plan you pay a monthly amount to the IRS. As long as you pay this amount each month on time your wage levy will be lifted. Here's the condition though, the IRS determines what you're payment will be. This can be a burden, but the alternative is still much worse.
You can negotiate for a settlement with the IRS on your own or with the help of a tax professional. While negotiating with the IRS, collection activities are put on hold until a resolution can be reached. Once your settlement has been accepted or denied you'll still owe some or all of the debt. There are also conditions that you must maintain after a settlement offer has been accepted and the IRS is always waiting for you to make a mistake again.
Listen Up! I can't stress enough how important it is to take action as soon as you know there is money owed to the IRS. The number one reason a person is targeted by the IRS for a wage levy was because they put off doing anything about their debt.
Now you have the smoking gun. . . Use it!
Richard Close was an IRS-Hitman. He was a revenue officer who took out anyone that owed the IRS money. He left that behind and now helps thousands of Americans beat Uncle Sam and save thousands of dollars. The IRS-Hitman can help you with your tax debt problems. He offers free advice and tips on removing wage garnishments and bank levies; and arms you with the skills to slash your tax debt: Visit at: http://irs-hitman.blogspot.com or http://www.taxdefensenetwork.com , or contact: email firstname.lastname@example.org or 1-888-248-9058.