How does IRS Wage Garnishment Work? | Consumer Tax Relief

How does IRS Wage Garnishment Work?

Unfortunately, millions of Americans face challenges paying their taxes every year. While not every person is caught, there is a great chance that eventually you will face some type of action.

When Might You Face an IRS Wage Garnishment?

This strategy is one of the more aggressive strategies used by the Internal Revenue Service. Typically, you have already been sent multiple letters and warnings regarding the taxes you owe.

They would rather solve the matter in a different way, but since you have failed to contact them, they are taking the most drastic measure possible. Now is a better time than ever to seek IRS tax debt help.

What Can You Expect During the Process?

If you have failed to pay your full tax liability, IRS wage garnishment may take up to 25% of your paycheck in order to forcibly collect the full amount you owe.

Once the action has reached this point, the Internal Revenue Service does not care if you are left with enough money to cover your regular bills. They have a table of allowable expenses that calculates for you how much they believe you can afford to pay.

The IRS has the legal authority to seize any form of personal property in order to pay off your tax liability. This may include:

• Wages

• Finances held in bank accounts

• SSA benefits

• Commissions

• Physical property

• Legal rights to property

The IRS wage garnishment stays in place until your full tax liability, plus penalties and interest, is paid. Filing wage garnishments is not preferable because these levies are extremely costly to implement. However, they work very well for scaring people into paying their taxes.

More than likely, the Internal Revenue Service would have reduced the amount you had to pay if you had chosen to talk with them and create a repayment plan.

How can a Tax Professional Help?

A IRS tax debt help attorney can help you throughout the entire process – even if garnishments are already in effect against you. Ultimately, the Internal Revenue Service is happy to work with you, even if you can repay only part of the amount you owe.

Here are some methods he or she may use to stop the wage levy:

• Prove the levy causes you financial hardship

• Reduce your income to the point where you case is considered “uncollectible”

• Changing employers or quitting your job

• Filing for bankruptcy

Once the levy is stopped, then it’s time to resolve the matter of repaying your tax liability. But, that’s a whole different topic by itself. Just be aware that by negotiating with the Internal Revenue Service, you may be able to reduce the tax liability you owe, or eliminate it entirely.

About the Author

A professional service provider from Consumer Tax Relief is the author of this article. You can find more information about IRS Wage Garnishment and IRS Tax Debt Help at http://www.consumertaxrelief.com/ or Call them for free consultation 1-800-991-3919

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