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 you must do is get an account transcript. An account transcript tells you year-by-year what the status of your account is.

Has the tax return been filed?

Is there a balance due?

The reason that you need an account transcript is because before you get any acceptable solution with the IRS you need to have all of your taxes filed.

So it is important to know if the taxes have been filed, and if the tax returns have been filed, what the balance is. If you have some unfiled tax returns, those years won’t necessarily be part of the Wage Levy.

Once you have an analysis of the problem, you will know what years you owe tax for and if all of the tax returns have been filed.

If tax returns haven’t been filed, all tax returns must be filed if you want some type of solution.

After all tax returns are completed, everything is in the system with the IRS and all of the taxes have been assessed, then an IRS Form 433-A must be completed.

A Form 433-Awhich is a Collection Information Form that states what your monthly income and expenses are and what your assets are.

The IRS will then the Form 433-A to determine your eligibility for currently-not-collectable  status, some type of Installment Agreement, or even an Offer in Compromise.