TMPPM 2010 > Volume 1, General Information > Section 6: Claims Filing > Remittance and Status (R&S) Report > R&S Report Section Explanation > Financial Transactions

   
 

6.11.4.3.2 IRS Levies

The payments withheld from a provider's checkwrite as a result of a notice from the IRS of a levy against the provider appear in the "IRS Levy Information" section of the R&S Report. Payments are withheld until the levy is satisfied or released. Although the current payment amount is lowered by the amount of the levy payment, the provider's 1099 earnings are not lowered. IRS levies are reported in the following format:

Control Number. TMHP control number to reference when corresponding with TMHP.

Maximum Recoupment Rate. The percentage of the provider's payment that is withheld each week, unless the provider elects to have a specific amount withheld each week.

Maximum Recoupment Amount. The amount to be withheld periodically.

Original Date. The date the levy was set up originally.

Original Amount. The total amount owed to the IRS.

Prior Balance. The amount owed from a previous R&S Report.

Prior Date. The date the last transaction on the levy occurred.

Current Amount. The amount subtracted from the current R&S Report and paid to the IRS.

Remaining Balance. The amount still owed on the levy. (This amount becomes the "previous balance" on the next R&S Report.)


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