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Springfield Missouri Form 668-B: What You Should Know
G., failure to meet payroll or salary payments). 3 May 2023 : Tax Forms 706, 706A or 706F and 706-A may not be used to levy an individual's wages or net earnings. The Treasury Inspector General for Tax Administration has published a “Guide to the Payment of Federal Tax Liabilities for Employees.” See TI GTA, 8/3/18. In order to be effective for a levy on an employee, Form 668-W (or Form 706 in some instances) must be applied and completed by a trained officer of a revenue office. The revenue officer should be aware that there is a minimum wage requirement for levy of wages and this form must also have the taxpayer's name, the taxpayer's residence address, and the taxpayer's Social Security number. 3 May 2023 — Generally, levies are assessed against the employee's wages, salary, commission, bonus or income. An employer is in a better position to know whether wage and salary levies are to be applied against the employee's wages, salary, commission, or bonus because the IRS, or a court, may require disclosure of that information in a levy case. The revenue officer should follow these steps when determining an employee's status and the amount of tax that is to be paid: (1) Determine whether the taxpayer has an employment relationship with the taxpayer and, if so, ask if that employee is required to file a return and, if so, determine whether that return is due. See IRM 220.127.116.11, Individual's Employment Status, which provides additional information on the employee's employment. (2) If there is an employment relationship, the amount of the penalty will be determined by applying IRS Notice 2007–35, Unpaid Wages and Compensation, with the following adjustments: (a) The taxpayer must calculate the tax under IRC section 6212(a) only at the individual level. The employer of an employee not required to file a tax return must calculate the tax under IRC section 6212(b). (b) The taxpayer must include this amount as a separate amount on the taxpayer's tax liability. See Form 1040(X) for tax due.
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