Monday, April 18, 2005

Social Security beneficiaries who owe back federal taxes may be subject to 15% levy

An IRS policy that has permited the IRS to levy against federal employees and federal pensioners will be expanded as of July 2005. The expansion is expected to affect 90,000 additional taxpayers, specifically Social Security beneficiaries. The policy subjects the taxpayers to a 15% flat offset payment of federal back taxes from their Social Security benefits.

The Taxpayer Advocate Services for West Virginia can be reached at 304-420-8695, and the National Taxpayer Advocate toll free number is 1-877-777-4778, both services are free.

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