Are Your Social Security or Pension Benefits Subject to IRS Penalty?
Is your pension or Social Security benefits are they subject to an IRS levy?
The answer is maybe. Social Security levies may go up to as much as 15 percent of your Social Security check. By the same token your retirement benefits may also be subject to levy. Now you may also qualify for a special exemption or a hardship but if that's the case you're going to probably need to seek the assistance of a provider to help you submit that the IRS said that you can enforce that exemption. So take that very seriously.