What Does My CP-504 Notice from the IRS Mean?

June 25, 2017

If you owe back taxes to the Internal Revenue Service, you may receive a CP-504 notice in the mail. The CP-504 notice essentially informs you of the agency’s intention to issue a levy against your state income tax refund because you have an outstanding balance on one of your tax accounts. If you are unable…
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How Much Can the IRS Levy From My Paycheck?

June 10, 2017

Many people wonder about how much money the IRS can take from their wages if the IRS opts to issue a wage garnishment. The reality, however, is that the IRS does not take a specific percentage from an individual’s income. The IRS actually adheres to a set of levy exemptions enumerated in the tax code….
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