IRS and Wage Garnishment Release
IRS wage garnishments are ongoing levies that are issued to your last known employer requiring your employer, by law, to withhold funds from your paycheck to send to the IRS or state to be applied towards tax balances owed. The amount to be withheld is determined by the number of people in your household dependent upon your income to pay for necessary living expenses. Wage garnishments issue after the IRS or state has made several attempts to notify you of a tax liability owed without receiving payment of the tax debt or receiving a response from you. The policy behind government garnishments and levies is to incentivize taxpayers to contact the IRS or state to make arrangements to resolve their tax liabilities. Taxpayers should be very careful about communicating with the collections department of a revenue agency like the IRS. Agents working in the collections department will take your financial information and insist on payments that are usually too high to reasonably afford over an extended period of time, leading to default and new levy activity down the road. A licensed tax professional knowledgeable of federal and state rules can better navigate the financial disclosure process to protect assets and to insure the resolution established is reasonable and affordable.
A second reason for government issued garnishments is to recover taxes that are owed when payment is not forthcoming from a taxpayer voluntarily. The federal government and state governments are powerful first position creditors capable of seizing all present and future assets should a taxpayer fail to be cooperative in resolving their balances owed. Taxpayers who have defaulted on previous agreements to pay delinquent taxes in the past also have significant challenges when facing the IRS alone, as they have demonstrated to the agency they have a track record tending to indicate they will not honor a voluntary repayment plan.
Are Your Earnings Being Withheld? Learn How Attorney Elizabeth Gonsalves Can Help
If you are suffering from a wage garnishment or have received a levy notice that a wage garnishment is about to be attached to your pay, you must act quickly by hiring representation to speak to the IRS or State on your behalf about a release. Time is of the essence when garnishments are concerned as the IRS and State can take a large percentage of your take-home pay and leave you with insufficient income to pay for your necessary living expenses. The Law Office of Elizabeth Gonsalves offers same day levy release attempt service. Call us immediately for professional assistance today, (855) 843-4442.
Avoid Tax Resolution Company Scams
Licensed tax professionals, specifically, an attorney, a certified public accountant (CPA), or an enrolled agent (E.A.) are the only types of licensed professionals capable of representing taxpayers before the IRS and states. They are the only persons capable of negotiating a release of garnishment. If you are suffering from a wage garnishment and are seeking professional help in resolving your case to get back in good standing, be very careful to verify you are hiring a licensed attorney, CPA, or enrolled agent directly. There are several sizeable “tax relief” companies that employ unlicensed sales people who talk to taxpayers that call in as if they are the attorney who will be handling your case. They will make promises to you about the outcome of your case which are grossly exaggerated and impossible for any licensed professional to know without first having conducted a full financial analysis of your portfolio. Make sure you are contracting with a company owned by licensed professionals to protect yourself from such scams. Tax relief companies employ attorneys, CPAs and enrolled agents, but typically overload them with cases, do not hire enough licensed professionals to effectively resolve cases in a timely manner, and use unlicensed caseworkers to fill the void, resulting in numerous errors with submissions, long delays in establishing resolutions, and typically cause the taxpayer to incur excessive interest and penalties against their account by failing to process cases quickly. Do not fall prey to such companies.
Do your research, verify the license of anyone hired, and only trust information that makes sense. There are several benefits to hiring a professional to represent you in resolving your case. The trick is hiring good representation.
A licensed professional experienced in the field of tax resolution should give you straightforward advice and should be able to discuss intricate details of tax implications associated with your case.