An IRS paycheck levy is just devastating. When you examine the IRS wage garnishment withholding chart below that is given to employers, you will see the ugly truth. When you hear about a recent IRS paycheck levy case, you will understand the extremity of the situation. When the IRS gets its hands on your paycheck or garnishes the wages of your clients, how much can they take? The simply and most direct answer is almost everything.
IRS Wage Garnishment Withholding Chart
Below is the actual IRS wage garnishment withholding chart that is sent to both employers and employees once an IRS paycheck levy has been issued by a Revenue Officer. Yes, it is a bit hard to see so if you click on the picture you can make the image larger. Frightening, huh? No matter what you call this form of IRS levy, the consequences are nothing less than devastating.