If you owe the IRS and have ignored repeated letters and warnings, the IRS will likely use one of their most aggressive tax collection methods – wage levy, also known as wage garnishment. It is a legal way for the IRS to collect without you paying them directly. Your employer is contacted and by law, must take a portion of your pay and send it to the IRS. How much? Based on some guidelines, the IRS can garnish as much as 80% of your wages until your balance is paid, which often leaves you little to live on. A wage garnishment is not to be taken lightly.
The kinds of wages the IRS can seize include salaries, bonuses, commissions, retirement funds and pension earnings. But the fact is, the IRS would prefer you make other payment arrangements rather than enforce a wage garnishment.
If your wages are now being levied, our experienced tax attorneys can stop the wage garnishment by putting a hold status on the levy. We then negotiate with the IRS on your behalf to determine the best settlement for your financial situation.
If you have just received notice from the IRS threatening wage levy or wage garnishment, don’t delay – call us today to avoid the IRS contacting your employer and taking your wages to satisfy your debt.
You Have a Right to Tax Representation
If you have been contacted by the IRS or your state’s Department of Taxation, or have received tax liens, levies, or notices of IRS intention to do so, call 877-829-3535 today for your free 15 minute tax analysis and consultation.