WAGE GARNISHMENT
Up to 90% of your salary can be withheld and sent to the IRS on every paycheck!
When the IRS has tried to collect back taxes unsuccessfully, they will begin to seize assets. By not opening letters or returning phone calls they will take the next step. This process is called a "levy." When they attach wages, it's called a Wage Garnishment.
Wage Garnishment (officially called a Wage Levy) can be the most stressful and humiliating of all collection tactics. The IRS does this to force taxpayers into compliance. Almost nothing is worse than having your wages garnished by an IRS Wage Garnishment.
When the IRS files a Wage Garnishment, the taxpayer's employer must intercept a percentage (up to 90%) of each of your paychecks, and then forward that percentage to the IRS. Wage Garnishments remain in effect until the taxpayer's
IRS back taxes
are paid in full, or a formal Release is negotiated with the IRS. The amount of money that the IRS can withhold is based on a variety of factors, such as whether or not the taxpayer is married or the number of dependents.
Our office realizes that the loss of income can be destructive and devastating to individuals and families. Immediately upon retention, we start negotiations with the IRS for a Release. In most cases we get Wage Garnishments stopped on our first contact with the IRS. If not, we will find out what is required to end the Wage Garnishment. In most instances we get Wage Garnishments released before our client's next paycheck!
The IRS will not be deterred and they won't disappear
. Call us for a FREE CONSULTATION and let's discuss all YOUR options in ending your tax problems.