Small Business Guidance: A Tax Levy

When it comes to collecting tax debt, the IRS has a variety of options to use. Certain ones can only be used when proper criteria have been met. That is the case when it comes to a levy. Employers must be aware of this because there can be situations when they are contacted by the IRS.

          If a levy comes against an employee, vendor, or customer you must quickly turn over the property that has been named. These levies are continuous, and the IRS will give notification when it will end. When it comes to a levy on wages, you will still pay your employee what is not covered by the levy. Following these rules as a business owner will keep the person subject to the levy from having more penalties added to them. If this situation comes up, promptly cooperate with the IRS requests. It will help the other person or entity.

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