What is an IRS Wage Garnishment, also known as IRS Wage Levy?
A type of forced collection that is commonly utilized by the IRS is a wage levy. This type of forced collection enables the IRS to get in contact with your current employer and require that they must withhold a certain percentage of your paycheck in order to satisfy the present tax liability. Employers will abide by the IRS’ requests, because if they do not follow the demands, the employee will be held responsible for the amount in taxes they were required to withhold from the paycheck. Until the IRS collects enough to satisfy the amount owed that includes penalties and interests, or the statute of limitations, they will proceed to garnish your wages.