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Printable Form 668-W(c)(DO) Simi Valley California: What You Should Know

This notice of deficiency is effective for a period of four months beginning with the date on which the taxpayer begins to collect wages, salary, or other income subject to levy pursuant to Sec. 668(m) of the Internal Revenue Code. The notice must be sent by certified mail, return receipt requested, addressed to the taxpayer and must include: a statement that the taxpayer is or may be liable for an estimated liability; the amount of the estimated liability in dollars (or equivalent) and the due date for the payment of such liability; the penalty or interest (if any) payable and the amount of any other penalties; a description of the conduct triggering the levy, including its date; a description of any tax refunds previously filed by the taxpayer; an address and telephone number for the taxpayer to contact if additional information must be provided to the IRS; and the Notice of Levy on Wages, Salary, and Other Revenue, which identifies and outlines the amount of total unpaid tax, fees, or penalties owed to the Internal Revenue Service. The notice of levy is not effective for a period longer than four months following the date the taxpayer or his legal representative is first notified or is required to pay any assessment or fee or any liability arising from the imposition of the levy. The notice of levy is valid only if at least 100 taxpayers have been required by the IRS to provide information that is part of the Form 668-W. The amount of the levy is based upon the amount of the taxpayer's wages, salary, or other income, to the extent that such amount can be calculated from the information provided. The amount imposed on each taxpayer is separately determined by applying to each amount an average tax rate of 26 percent multiplied by the percentage of the wages, salary, and income paid by the taxpayer. For purposes of this average tax rate, wages, salary, and other income includes: interest and penalties; refunds; and a combination of wages, salary, and other income. In addition to the levy amount imposed pursuant to this section, there is a separate levy of the amount of any unpaid tax of which the taxpayer has been, or may be, deemed to be liable pursuant to such section(s).

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