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#7
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| - quote - > Fair enough; however, in this context, since the IRS already
I am not advocating anything here, but in the real world,> has the past history of what the employee was being paid, it > will notice at the latest when the next tax return comes in > and, mirabile dictu, the employee has almost no income. > Next thing they'll do is find out if reality fits return and > see if his standard of living has dropped. If not, they're > going to get real nosey real quick. the IRS is not going to "notice" anything. They only monitor rising incomes systemically and unless it is assigned to the most efficient Revenue Officer on earth, it will go un-noticed. And since no RO is going to have this taxpayer in their caseload for the six months to a year it would take to do it, it is NOT going to happen. Furthermore, there are a lot of reasons a person's incomes can drop. Just ask about 400 people at Radio Shack. Mike Wellman irsos.com << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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#6
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| Harlan Lunsford wrote: - quote - > Temprock[at]hotmail.com wrote:
Fair enough; however, in this context, since the IRS already> > Mike Wellman wrote: > > > lesstax wrote: > > > > as i recall the employer has 21 days b4 he must act on this > > > > levy notice. > > > > > > > am i right? > > > No, you are thinking of a bank levy. The employer must give a > > > copy of the levy to the employee, who then has 3 days to > > > complete the withholding information on it and return it to > > > the employer. The employer is to begin honoring the levy the > > > next pay period. > > I'm NOT endorsing this in any way shape or form. Person's > > wages attached for IRS liability. Friendly long-time > > employer immediately cuts wages to the bone, all Forms then > > filled-out (true when completed) followed by a very low (or > > no) interest "loan" to the employee to in large part replace > > "cut" wages. > > > Again I'm not suggesting this is remotely kosher but > > interested in everyone's analysis of exposure (if any). > > > Thanks (I'm neither an employee or an employer except of > > myself!!!) > > > ========== > > Moderator: > > I would put the probability of the IRS catching this change > > in income as extremely high. It is difficult to believe an > > accounting employee would participate once an IRS agent > > starting asking questions. > Actually Dick, since levies arrive in the mail, there's > really no IRS person looking over the employer's shoulder, > so it does have a reasonable prospect of succeeding. NOT > that I'm advocating it of course. > In my experience, I've never had a client employer who had > to fulfill a levy since said employee is always a former > employee. has the past history of what the employee was being paid, it will notice at the latest when the next tax return comes in and, mirabile dictu, the employee has almost no income. Next thing they'll do is find out if reality fits return and see if his standard of living has dropped. If not, they're going to get real nosey real quick. If you're really thinking of trying this, you might go do a few practice perp walks so you can figure out how to hold your jacket over your face while hand-cuffed and still look cool. Have fun << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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#5
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| Temprock[at]hotmail.com wrote: - quote - > Mike Wellman wrote:
Actually Dick, since levies arrive in the mail, there's> > lesstax wrote: > > > as i recall the employer has 21 days b4 he must act on this > > > levy notice. > > > > > am i right? > > No, you are thinking of a bank levy. The employer must give a > > copy of the levy to the employee, who then has 3 days to > > complete the withholding information on it and return it to > > the employer. The employer is to begin honoring the levy the > > next pay period. > I'm NOT endorsing this in any way shape or form. Person's > wages attached for IRS liability. Friendly long-time > employer immediately cuts wages to the bone, all Forms then > filled-out (true when completed) followed by a very low (or > no) interest "loan" to the employee to in large part replace > "cut" wages. > Again I'm not suggesting this is remotely kosher but > interested in everyone's analysis of exposure (if any). > Thanks (I'm neither an employee or an employer except of > myself!!!) > ========== > Moderator: > I would put the probability of the IRS catching this change > in income as extremely high. It is difficult to believe an > accounting employee would participate once an IRS agent > starting asking questions. really no IRS person looking over the employer's shoulder, so it does have a reasonable prospect of succeeding. NOT that I'm advocating it of course. In my experience, I've never had a client employer who had to fulfill a levy since said employee is always a former employee. ChEAr$, Harlan << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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#4
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| As a practical matter, the employer can miss the first pay period without any enforcement implications. That will give most employees/taxpayers plenty of time to deal with the matter and get the levy lifted - if that is their intent. I prefer this straight forward approach to all the games. << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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#3
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| Temprock[at]hotmail.com wrote: - quote - > Mike Wellman wrote:
If not accepted for criminal prosecution, something this> > lesstax wrote: > > > as i recall the employer has 21 days b4 he must act on this > > > levy notice. > > > > > am i right? > > No, you are thinking of a bank levy. The employer must give a > > copy of the levy to the employee, who then has 3 days to > > complete the withholding information on it and return it to > > the employer. The employer is to begin honoring the levy the > > next pay period. > I'm NOT endorsing this in any way shape or form. Person's > wages attached for IRS liability. Friendly long-time > employer immediately cuts wages to the bone, all Forms then > filled-out (true when completed) followed by a very low (or > no) interest "loan" to the employee to in large part replace > "cut" wages. > Again I'm not suggesting this is remotely kosher but > interested in everyone's analysis of exposure (if any). > Thanks (I'm neither an employee or an employer except of > myself!!!) > ========== > Moderator: > I would put the probability of the IRS catching this change > in income as extremely high. It is difficult to believe an > accounting employee would participate once an IRS agent > starting asking questions. transparent would likely be successfully pursued as a civil failure to honor levy suit. << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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#2
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| - quote - > Mike Wellman wrote:
why not go all the way, and terminate the employee, and then> > lesstax wrote: > > > as i recall the employer has 21 days b4 he must act on this > > > levy notice. > > > > > am i right? > > No, you are thinking of a bank levy. The employer must give a > > copy of the levy to the employee, who then has 3 days to > > complete the withholding information on it and return it to > > the employer. The employer is to begin honoring the levy the > > next pay period. > I'm NOT endorsing this in any way shape or form. Person's > wages attached for IRS liability. Friendly long-time > employer immediately cuts wages to the bone, all Forms then > filled-out (true when completed) followed by a very low (or > no) interest "loan" to the employee to in large part replace > "cut" wages. > Again I'm not suggesting this is remotely kosher but > interested in everyone's analysis of exposure (if any). > Thanks (I'm neither an employee or an employer except of > myself!!!) have him work and get paid under the table? Jeez! ========== Moderator: One more conspiracy to obstruct the IRS! << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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#1
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| Mike Wellman wrote: - quote - > lesstax wrote:
I'm NOT endorsing this in any way shape or form. Person's> > as i recall the employer has 21 days b4 he must act on this > > levy notice. > > > am i right? > No, you are thinking of a bank levy. The employer must give a > copy of the levy to the employee, who then has 3 days to > complete the withholding information on it and return it to > the employer. The employer is to begin honoring the levy the > next pay period. wages attached for IRS liability. Friendly long-time employer immediately cuts wages to the bone, all Forms then filled-out (true when completed) followed by a very low (or no) interest "loan" to the employee to in large part replace "cut" wages. Again I'm not suggesting this is remotely kosher but interested in everyone's analysis of exposure (if any). Thanks (I'm neither an employee or an employer except of myself!!!) ========== Moderator: I would put the probability of the IRS catching this change in income as extremely high. It is difficult to believe an accounting employee would participate once an IRS agent starting asking questions. << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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| lesstax wrote: - quote - > as i recall the employer has 21 days b4 he must act on this
No, you are thinking of a bank levy. The employer must give a copy of> levy notice. > am i right? the levy to the employee, who then has 3 days to complete the withholding information on it and return it to the employer. The employer is to begin honoring the levy the next pay period. Mike << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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#-1
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| as i recall the employer has 21 days b4 he must act on this levy notice. am i right? thanks, the hawk << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
| Tags |
| irs, levy, wage |
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