Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Oscar Oppressed consults you regarding his tax problems. Oscar tells you that he has not paid the $20,000 balance due on his 2008 income

image

Oscar Oppressed consults you regarding his tax problems. Oscar tells you that he has not paid the $20,000 balance due on his 2008 income tax return. He had sent some information to the Collection function of the IRS showing them that he had no money aside from the wages he earned as a janitor at the local packing plant. Oscar mailed in the information approximately six months ago and heard nothing further until he went to pick up his paycheck last Friday. The paymaster informed him that they had received a levy and had paid over the amount of his check to the IRS. (A) Is the levy proper? (B) Can the IRS take Oscar's entire check or must they leave something for Oscar and his three minor children to live on?

Step by Step Solution

3.49 Rating (159 Votes )

There are 3 Steps involved in it

Step: 1

A The levy is likely proper When a taxpayer has an unpaid tax balance the IRS has the author... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing A Practical Approach with Data Analytics

Authors: Raymond N. Johnson, Laura Davis Wiley, Robyn Moroney, Fiona Campbell, Jane Hamilton

1st edition

1119401747, 978-1119401742

More Books

Students also viewed these Law questions

Question

Explain how to handle criticism well.

Answered: 1 week ago