Wage garnishment is one of the most common forms of a tax levy used by the IRS for collection of back taxes, incurred interest and payment penalties. It is always desirable to file your own tax returns rather than let the IRS file your tax return for you. When you get caught avoiding payment of your tax debt, the IRS does not consider the normal deductions and personal expenses that you could have used to offset some of your capital gain. By the time that you receive the bad news about how much you owe, the government may have already put in place an IRS wage garnishment with your employer. At that point, payments for resolving your tax debt can be taken directly out of your earned wages. Since the IRS has little or no sympathy for the financial strain this places you under to pay the rest of your bills, it is always advisable to seek IRS tax settlement solutions from and enrolled agent or other highly qualified IRS tax consultant. Call Stern & Associates at (415) 668-3130 today for a free consultation.
If your wages have already been garnished, it may be difficult to get the court order reversed. Working with a tax professional, you can take certain steps before and after a wage garnishment to seek remedies by:
- Before Wage Garnishment – If you believe the IRS is about to place a garnishment on your wages, you can respond to their claim for back taxes due and hopefully make some type of arrangement for future payments in lieu of a court-ordered judgment.
- Seek Options for Settlement of Debt – As soon as you are notified of the Internal Revenue Service’s intent to seek a judgment against your wages, take action and seek the advice of an enrolled agent or professional tax consultant. You may not be able to stop the garnishment against your earnings but you will be taking steps toward a future release of the levy.
- Pay the IRS for Back Taxes – A garnishment against your wages may be lifted when you agree to make a tax payment to the IRS. However, once the IRS has taken actions to collect their money, it is not likely they will lift the court order until they are certain as to your total tax debt. This means they may want to review previous filings for accuracy of expenses and allowed tax deductions.