IRS Provides Instructive Primer on Serving Notices of Levy on Retirement Plans

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IRS Provides Instructive Primer on Serving Notices of Levy on Retirement Plans
Deloitte via BenefitsLink.com

[Guidance Overview]
Aug. 3, 2010

Excerpt: A recently issued Chief Counsel Advice memorandum explains the proper way for the IRS to serve notice of levy on a retirement plan. It explains that there are two kinds of levy that can be served on retirement or pension accounts, and the form of notice depends on whether or not the participant is currently 'entitled to income.'

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