Monday 11th of December 2017 12:22:05 AM

  • IRS Wage Garnishments – You Have Rights!

    Thursday 04th of August 2011 1:53:28 AM

    Would you be able to live off of $179 per week if the IRS garnishes your wages?

    Wage Garnishments are scary and can be devastating both financially and emotionally, that’s why you need to understand what you can do to stop or prevent wage garnishments and bank levies.

    Pay Attention.

    Now, it is important to note that before the IRS can garnish your wages they are required to notify the taxpayer of their future actions against you by sending the taxpayer a series of IRS collections letters, these are not love letters. The letters the IRS sends are Notices of Intent to Levy on Wages leading to the final which is the Final Notice of Intent to Levy Wages. If or when you receive this letter, things are about to get bad if you don’t take immediate action.

    If you have received any of these IRS letters (or already getting garnished) it is in your best interest to figure out what your options are immediately so you can take the necessary steps to stop or release a IRS Wage Garnishment. Keep in mind, if you have a business they can levy your account receivables as well. Thinking about what to do is not a good option here, taking action is a must. Being proactive makes it easier to prevent & cure IRS collection actions. Normally, you will receive the final Notice of Intent to Levy by certified mail, never good to receive certified mail from the IRS.

    So, if you do not take action when you receive the first collections letter, the IRS sends additional letters leading to the IRS Final Notice of Intent to Levy on Wages. This letter is serious and demands IMMEDIATE attention or the IRS WILL garnish your wages, AGAIN THE IRS WILL GARNISH YOUR WAGES AND OR LEVY BANK ACCOUNTS . Again, scary stuff but it can all be dealt with if you understand your rights as a tax payer.

    A couple of additional things to keep in mind if you have a tax issue or looking to prevent a tax issue. It is not illegal to owe the IRS however, it is illegal not to file. Being identified as a non-filer with the IRS is very serious. Remember, even if you are going to owe money and cannot pay it, still file your taxes.

    Do not face your tax issues without understanding your rights and the options available to you. Navigating a tax issue can be a very slippery slope, knowledge is power.

    911 Tax Relief understands how to lift and prevent collection action. If you have questions, talk to one of our tax practitioners today.

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