: An IRS wage levy can take most of a paycheck. Read how one worker was left with just $288 after overtime, and learn what New Jersey taxpayers can do to seek a release.
Office in Freehold NJ | 
732-333-0681 | Schedule an Appt
Office in Freehold NJ | 732-333-0681 | Schedule an Appt
: An IRS wage levy can take most of a paycheck. Read how one worker was left with just $288 after overtime, and learn what New Jersey taxpayers can do to seek a release.
The IRS does not commonly force the sale of a taxpayer’s home, but it has the legal power to pursue property in serious collection cases. One of our clients learned this after ignoring IRS notices until the government filed a federal lawsuit seeking a forced sale.
The IRS can levy a bank account and, in some cases, retirement savings to collect unpaid taxes. A bank levy generally comes with a short holding period before the money is sent to the IRS. Acting quickly can make the difference between protecting your money and trying to recover it after it is gone.