What is the IRS tax levy calculation?

A tax levy is a legal seizure on wages to satisfy a tax debt. Employers generally have at least one full pay period after receiving a notice of levy on wages to begin withholding the required amount. The levy will end when the levy is released, the tax debt is paid, or the time for legally collecting the tax expires.

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What is the IRS tax levy calculation?

Upon receipt of an IRS tax levy, the employer should take the following steps:

Directions

Upon receipt of an IRS tax levy, the employer should take the following steps:

Directions

Download the pdf and follow the instructions to add the IRS Tax Levy Calculation in Payroll.