July 18, 2008, Newsletter Issue #72: Wage Levy

Tip of the Week

If you are a wage-earner (are an employee of someone) you may be affected by a wage levy. Another term for wage levy is wage garnishment.

This is the second most popular way for the IRS to levy your assets. They simply target your wages.

If you are self-employed and receive income from l099 various sources, the IRS can also levy notices to those businesses or individuals.

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