Author Archives: Jordan

What Are The Solutions Available If You Have An IRS Wage Levy / Wage Garnishment?

If you receive a Wage Levy from the IRS, the IRS is going to send a notice to your employer and your employer is obligated to withhold a portion of your paycheck and send it into the IRS in satisfaction of the debts that the IRS feel that you owe them. The thing that you…

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If I Receive a Wage Levy / Wage Garnishment / Wage Garnishment, Will The IRS Take My Entire Paycheck?

Generally speaking, the IRS will not get your entire paycheck. Depending upon how much money that you earn, they may not get anything at all or they may get a very large amount. When the IRS issues a Wage Levy / Wage Garnishment to your employer, the IRS gives a form to the employer that…

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What Steps Should You Take If You Have an IRS Tax Problem?

The reason why you would have an IRS problem is if you have a balance due; the IRS thinks that you owe them money. The first thing to determinet is if the amount that the IRS says that you owe them is correct, and if so, simply pay them off. If you pay them off,…

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Will Paying Your Tax Debt In Full Solve Your IRS Tax Problem?

Paying your IRS Tax Debt in full, will fully solve your IRS Tax Problem. If the IRS says that you owe them “X” number of dollars and you pay them off, the IRS will consider your account to be paid in full, and no additional collection activity will occur. However, before you pay the IRS…

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Is It Possible That The Balance The IRS Says You Owe Is Incorrect?

Generally the IRS is going to have the correct balances, but there is one instance in which the balance that the IRS has may be incorrect. The way that would happen is if in any particular year the IRS did an SFR, a Substitute For Return or service filed return. In other words, you, the…

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What Can I Do If The IRS Has Filed A Tax Return For Me?

  A Substitute For Return or an SFR, which doesn’t just happen immediately. You are going to receive a series of letters from the IRS, each one more threatening than the last, asking you to file a tax return. If you wait long enough, the IRS will actually prepare a tax return for you. The…

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Why Will The IRS Prepare A Substitute For Return / SFR?

Before I answer the question, what is a Substitute For Return? A Substitute For Return, also known as a service filed return, is a tax return that is not prepared by you, the tax payer. A Substitute For Return is a tax return that is actually prepared by the IRS. To answer the question, the…

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Will The IRS Prepare A Substitute For Return / SFR For Me If I Am Due A Refund?

Generally speaking, the IRS will not prepare a Substitute For Return for you if you are due a refund. The only reason, that I’ve seen in practice, that the IRS is going to prepare a Substitute For Return when you haven’t prepared a return, is that they believe you have a balance due. The IRS…

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What Is The Difference Between A Revenue Agent and A Revenue Officer ?

In the world of the IRS there are two main types of employees you mainly deal with. The first of those is a Revenue Agent . What a Revenue Agent is tasked with doing is to audit tax returns. They are trying to determine if the tax return that you prepared is a complete and…

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How Long Do You Have Before A Wage Levy / Wage Garnishment Is Honored By Your Employer?

A Wage Levy is required to be honored by your employer at your very next pay day. What that means, simply, is if your employer receives the Wage Levy on Friday and the next payroll is on Monday, then by rights, the employer is supposed to honor that Wage Levy the following Monday. In the…

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Why Dealing With An IRS Wage Levy / Wage Garnishment Is So Difficult?

The reason dealing with an IRS Wage Levy is so difficult is, when you receive a Wage Levy / Wage Garnishment from the IRS and it goes to your employer, your employer is required by law to honor the Wage Levy, the bank levy, the Wage Levy on your next pay day. If your next…

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How can I keep a Wage Levy from happening?

A Wage Levy is when the IRS notifies your employer that you owe them money and that they would like the employer to start withholding money from your paycheck to submit to the IRS in payment for monies that the IRS feels are owed to them. The way to keep money from being withheld from…

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What is a Wage Levy?

A wage levy is when the IRS contacts your employer and lets your employer know that you owe money to the IRS and that the IRS wants money from your paycheck to be sent to the IRS. This is usually a fairly unpleasant experience because the IRS is going to take money from your paycheck. …

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How Will I Be Notified or Will I Be Notified If I Receive a Wage Levy?

Generally you will be notified when your employer receives a notice from the IRS stating that you have a levy against your wages. The IRS is going to include some forms that ask your employer to get you to sign. Those forms are going to ask you: How many people do you claim on your…

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What is the difference between a Wage Levy and a Wage Garnishment?

A Wage Levy and a Wage Garnishment are just two different words for the same thing. A Wage Levy, also known as a Wage Garnishment, is when the IRS sends a Notice of Levy to your employer, telling them that you have a tax problem. The levy will identify for which year that you owe…

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Will the IRS Release My Wage Levy / Wage Garnishment Just Because I Asked?

You cannot call up the IRS and say “I would appreciate it if you would release the Wage Levy.” Generally, to get a release of levy you have to show a couple of things. First you have to show it is a financial hardship on you. To show Financial Hardship, you must fill out financial…

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How Do I Get a Wage Levy Released From My Paycheck?

To have a Wage Levy released from your paycheck, you have to deal with the IRS by putting some kind of acceptable solution into place. An acceptable solution to the IRS might be that you become Currently Not Collectible. Another solution might be entering into some kind of installment agreement to agree to pay your…

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The Biggest Mistake Taxpayers Make – Ignoring the IRS

You need to understand how the IRS is set up. Once the IRS make an assessment and determines that you owe them money or that you haven’t filed a tax return, you are in their system. It’s nothing personal, but they will send you a series of letters, each one more threatening than the last.…

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How does the IRS treat a Substitute For Return?

A Substitute For Return (SFR) is a tax return that the IRS has prepared for you based on the information available to them such as your income.  This is  also known as making an assessment. How does the IRS treat the substitute for return? How does the IRS treat making an assessment? Simply stated, because…

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How is an SFR, a Substitute For Return also known as a Service Filed Return, prepared?

A Substitute For Return is a tax return that is actually prepared by the IRS. The reason that the IRS prepared this tax return for the taxpayer is because they have no record of a a tax return being filed. They’ve asked you to file a tax return, it never happened, so they prepared it…

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How To Let The IRS Know Of Your New Address When You Move?

If you haven’t moved the IRS is going to have your address because your address of record is going to be the same as the last tax return you filed with the IRS. But if you have moved since the last time you filed a tax return, it is wise to let the IRS know…

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Why Is It So Important to File a Change of Address With the IRS When You Move?

  The reason for filing a change of address is to simply let the IRS know where you are. The way that you do that is to file an Form 8822, the change of address form. A problem seen quite often is that taxpayers have moved to a different home within the same city or…

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What is an SFR / Substitute For Return?

SFR is actually an abbreviation for a term that, as far as the IRS is concerned, stands for either Substitute For Return or Service Filed Return. Effectively, an SFR, Substitute For Return, is when the IRS actually prepares a tax return for you. Why would the IRS go through the trouble of preparing a Substitute…

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What is an IRS Assessment?

What is an IRS Assessment? When the IRS makes an assessment, it simply means they’re putting a tax liability on the books. An assessment happens one of two ways. First, you file a tax return, and that’s called making an assessment. When we file a tax return, it is really self-prepared documentation of assessment. Basically,…

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What are the steps involved in getting a Wage Levy released?

The first thing you must do to get a Wage Levy released is to define the problem. You must find out what year, or years, the IRS has filed the Wage Levy on. Usually you can find that by looking at the Wage Levy itself if you have a copy of it. The other thing…

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What are the causes of an IRS tax problem?

Generally there are there a couple of ways in which an IRS tax problem occurs, but generally the single most common way you can a have tax problem is that there is a balance due with the IRS.  If you don’t owe the IRS any money then they’re not going to bother you. The IRS…

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What forms am I going to need to fill out to get an Installment Agreement?

There’s going to be one of two forms that you’re going to fill out. The first of those is called a 433-A Collection Information Form for individuals. The form asks some demographic information, information about assets that you own, checking accounts, savings accounts, investments, retirement accounts, whole life insurance policies, vehicles, and real property. On…

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What is a partial release of the Wage Levy?

A Wage Levy is when the IRS actually contacts your employer and says they want a portion of your paycheck in satisfaction of some IRS debt. If you don’t want a Wage Levy, you need to deal with the IRS and ultimately get a release of levy. To obtain a release of levy, you need…

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Why is dealing with wage levies so difficult?

Wage levies are so difficult to deal with because they are so time-sensitive. When you receive a levy on your wages, your employer is required to honor that levy to deduct money from your paycheck at the appropriate amount and remit it to the IRS the next time that you get paid. When you receive…

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If I have a wage levy on my paycheck and I received the release of levy from the IRS, does my employer need to give me my entire paycheck?

Generally speaking, the answer to that question is yes, the IRS must give you your entire paycheck if you receive a release of levy. That includes monies that have been withheld from your check and never remitted to the IRS. What you won’t receive back from your employer is a wage levy amount that was…

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What is an Installment Agreement?

Many solutions that I put into place for my clients involve an Installment Agreement, which is an agreement between you, the taxpayer, and the IRS to pay them off on a monthly basis. It’s like an installment loan or a credit card loan. Once the IRS agrees to settle your debt in an Installment Agreement,…

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What different types of Installment Agreements are there?

An Installment Agreement is an agreement with the IRS in which you agree to pay them a certain amount per month to settle the amount of debt that you owe them. There are two types of Installment Agreements. The first type is what’s known as a Full Pay Installment Agreement, which is based upon the…

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Do I need to have all of my tax returns filed to receive an Installment Agreement?

You are going to need to have all of your tax returns filed before the IRS will grant you an Installment Agreement. The IRS is going to take all of the years in which you owe tax and tie it up into one neat little package and they’re going to put a bow on it.…

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What are the terms and conditions of having an Installment Agreement?

There are several terms and conditions that you must agree to and honor if you have an Installment Agreement. First and foremost, to receive an Installment Agreement you need to be current on all of your tax filings. If you’re not current on all of your tax filings, then you can’t get an Installment Agreement.…

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How much will I have to pay on an Installment Agreement?

It really depends upon how much money you’re earning, your filing status, and how many people you are claiming as exemptions. The IRS is going to evaluate your family’s monthly income and compare it to what they call monthly allowable expenses. The IRS has standards for these allowable expenses. Some of the categories include food,…

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Is the IRS required to grant me an Installment Agreement?

The IRS is not required to grant you an Installment Agreement. Generally, if you qualify for an Installment Agreement they’re going to give you one, but there are situations in which they’re not going to give you an Installment Agreement. The IRS is not going to give you an Installment Agreement if you have unfiled…

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What happens to my installment agreement if I don’t file my taxes?

What happens to my Installment Agreement if I don’t file my taxes?   The answer is really quite simple. One of the things that you’re agreeing to when you enter into an Installment Agreement with the IRS is to continue on a current basis to file your taxes timely. You also agree to pay your…

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Is it easy to get an Installment Agreement?

Easy is a relative term.  There is a defined process put into place by the IRS to receive an Installment Agreement. If you go through the process, fill out the required paperwork, and you’re in tax compliance, you will be generally be granted an Installment Agreement. One of the rules about getting an Installment Agreement…

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Will I qualify to receive an installment agreement?

The IRS is going to look at several things to evaluate whether they will grant you an Installment Agreement. They are going to look at your current filings. Have all of your tax returns been filed up to this date? If the answer is yes, they will proceed forward. Then the IRS is going to…

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How long will I have to pay on my Installment Agreement?

If you have an installment agreement, you need to determine how much you are going to pay on a monthly basis, which we have covered in other segments. But once you start paying on your Installment Agreement, you’re going to need to pay until the payments that you make on your installment agreement fully satisfy…

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Will I qualify for an Installment Agreement?

The answer to that, like most things in life, is it depends. To determine whether you qualify for an installment agreement, the IRS is going to look at some financial information from you and your family. Specifically, they are going to look at your family’s monthly income versus your family’s monthly allowable expenses. By allowable…

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What if I do not qualify for an installment agreement?

If for some reason you don’t qualify for an installment agreement, there are other options available to you. What are some of the reasons why you wouldn’t qualify for an installment agreement? One of the reasons might be that your monthly income is exactly the same as or less than your monthly allowable expenses, in…

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What are the terms and conditions when I receive an installment agreement?

There are several terms and conditions that you need to understand and abide by. When you receive an installment agreement from the IRS to pay off your past IRS debts, you agree with the IRS that on a going forward basis, while the installment agreement is in effect, to file your taxes on a timely…

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What happens if I fail to make payments on my installment agreement?

The answer is pretty obvious. If you fail to make payments on your installment agreement, the IRS will default or terminate your installment agreement. When they do so, there will no longer be an installment agreement in place. Now why is this bad, what does this mean to you? If you don’t have an installment…

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What happens if I’m having trouble making my installment agreement payment?

If you’re having trouble making payments on your installment agreement, it’s always a good idea to call the IRS and let them know. If it’s a temporary situation, say somebody lost their job for a month or your hours got cut back for a few weeks, then I would just ask the IRS for little…

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What are the methods available for me to pay for my installment agreement?

There are two ways you can make payments to the IRS for your installment agreement. The first is what I call the traditional way. Entering into an installment agreement is basically like entering into an installment loan with any another creditor or maybe a credit card that you have that sends you monthly statements and…

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What happens if I don’t file my taxes timely when I have an installment agreement in place?

When you entered into an installment agreement, you agreed with the IRS that you were going to pay your taxes on a timely basis, you were going to file your taxes on timely basis, and you were going to pay the installment agreement on a timely basis. So if a year goes by where April…

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What happens if I have a balance due on my taxes when I have an installment agreement in place?

When you get an installment agreement with the IRS, you agree to file your taxes on time, pay your taxes on time, and of course make all of your installment agreement payments in the amount specified and on a timely basis. So if you don’t file your taxes, or you file your taxes but have…

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Why is the IRS requiring me to be current on my estimated tax payments before they enter into an installment agreement?

If you’re working with a revenue officer, who is a person at the IRS who works in collection matters, generally they are going to determine  how much money you have paid in the current year before they enter into an installment agreement. If you’re an employee and you get a W-2 and there’s tax withheld,…

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Is it easy to get an installment agreement?

Easy is somewhat of a relative term; it means something different to everybody. But there’s a defined process in place with the IRS. You can’t just go to them owing a certain amount of money and agree to pay them an amount of money that you specify. It doesn’t work that way. You’re going to…

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Can A Revenue Officer Seize My Bank Account?

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Can A Revenue Officer Garnish My Wages?

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Who Does A Revenue Officer Answer To?

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What Do I Do If Don’t Agree With A Revenue Officer?

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What Is The Job Of A Revenue Officer?

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Who Is Easier To Work With ACS Or A Revenue Officer?

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Can I Work With ACS If My Case Has Been Assigned To A Revenue Officer?

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Will I Be Dealing With ACS Or A Revenue Officer?

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What To Expect At An Initial Meeting With A Revenue Officer

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What Is The Best Way Of Working With A Revenue Officer?

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What Is The Difference Between A Revenue Agent & A Revenue Officer?

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What Is A Revenue Agent?

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What Is A Revenue Officer?

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Will I Get A Tax Refund When I Have An Installment Agreement In Place?

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What Is The Best Way Of Making Payments On An Installment Agreement?

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Are There Any Fees Required By The IRS To Receive An Installment Agreement?

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What Forms Are Required to Receive An Installment Agreement?

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Is It Easy To Receive An Installment Agreement?

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Why Does The IRS Require Me To Be Current On Estimated Payment to Grant An Installment Agreement?

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What Happens If I Owe Money On A Tax Return When I Have An Installment Agreement?

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What Happens If I Don’t File My Taxes When I Have An Installment Agreement?

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What Are The Methods Available For Me To Pay For My Installment Agreement?

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What Happens If I Am Having Trouble Making My Installment Agreement Payments?

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What Happens If I Don’t Make Payments On An Installment Agreement?

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What Are The Terms and Conditions of An Installment Agreement?

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What If I Don’t Qualify For An Installment Agreement?

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Will I Qualify For An Installment Agreement?

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How Long Will I Have To Pay On My Installment Agreement?

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Will I Qualify to Receive an Installment Agreement?

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Is it Easy To Get An Installment Agreement?

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What Happens to an Installment Agreement If You Don’t File Your Taxes?

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Is the IRS Required to Grant Me An Installment Agreement?

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How Much Will I Have to Pay on an Installment Agreement?

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What are the Terms and Conditions of Having an Installment Agreement?

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Do You Have to Have All of Your Tax Returns Filed to Receive an Installment Agreement?

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What different Types of Installment Agreements Are There?

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What is an Installment Agreement?

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If I Receive a Release of Levy Will I Receive My Entire Paycheck?

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If I Receive a Release of Levy Will I Receive My Entire Paycheck?

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When Does a Wage Levy Become Effective?

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Why Dealing With Wage Levies Are So Difficult

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What is a Partial Release of a Wage Levy?

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Will A Levy Release TOTALLY Release A Wage Levy?

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What Are The Steps Involved In Getting a Wage Levy/Wage Garnishment Released?

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What Are The Solutions Available if I Have an IRS Wage Levy/Garnishment?

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Why Dealing with an IRS Wage Levy/Garnishment is So Difficult

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How Long Do I Have to Get a Wage Levy Released?

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What is the Difference Between a Revenue Agent and a Revenue Officer?

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Will The IRS Prepare a Tax Return For Me If I Am Due a Refund?

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Why Would the IRS Prepare a Tax Return For You?

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