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There are two ways the IRS may levy upon your Social Security benefits – via the automated Federal Payment Levy Program (FPLP) or by a manual (non-FPLP) levy. Under the FPLP, the IRS is able to levy up to 15 percent of your Social Security benefits each month.
My social security goes direct deposit into my checking account every month and I got a letter on Saturday from my back stating the IRS was placing a levy against my account. The problem is that is the only check that goes into the back
It is important that you call the IRS immediately. If the IRS determines that you cannot pay any of your tax debt due to an economic hardship, the IRS may temporarily delay collection until your financial condition improves. Please be prepared to provide your monthly income and expenses so they can help you resolve this tax matter.
Generally the IRs places liens on property only after previous attempts to collect.
sorry, that back is bank, not back
I do work part-time, but only to supplement my SS check, but I don't bank that, will that matter
The IRS will need to know all your income and your living expenses will be taken into account on the determination of abbility to pay. If they place you on Currently Non Collectible status the levy will stop.
IRS will require verification of items including:
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