What You Need to Know in a Case where You are Facing IRS Garnishment

It tends to be normal for one to forget to comply with the tax requirement. In a case where you are a victim, there are chances that the IRS is already on your neck. IRS has the power to legally seize your income to satisfy federal taxes owed or tax debt. The process of seizing your salary to satisfy federal tax debt is referred to as garnishment. You can find more information on this website.

Garnishment tends to apply to one’s salary, wages as well as bonuses. In a case where you are not compliant to any of the mentioned, there are chances that IRS will directly contact your employer and demand tax you owe to be deducted from your salary. On the other side, the employer is compelled by law to comply with the IRS garnishment within the pay period upon receiving the notice from the IRS. Unlike the creditors who take one to court to get a judgment allowing the garnishment of your wages, IRS does not need any judgment or take you to court for it to get any permission to garnish. Click here for more info.

You would also need to know the process of IRS wage garnishment. You would need to know that the IRS tends to seek to garnish your wages for a tax debt that you owe by first sending a written notice stating the amount you owe including tax, interests, and penalties. The written claim from IRS also tends to come with the due date by which you ought to have paid the balance in full. In a case where you do not pay the balance in full, you tend to receive another notice and in a case where you fail to pay the tax within thirty days, the IRS tends to proceed to garnish the income.

While the law places limits of the amount regular creditors can garnish, such limits do not apply to IRS. You would need a tax relief company to help you in a case where you have any problems with the IRS. You would need to know how to stop IRS wage garnishment through a tax relief company. You would need a good tax relief company to guide you on ways you can apply in stopping IRS garnishment or making it a bit softer on you. 

The IRS may be compelled to stop wage garnishment in a case where you get in an installed agreement payment of your tax debt over a series of monthly installments. You would need to make these payments within the required timeframes to make the installment agreement a way of stopping the garnishment. You would also need to make an offer in compromise. A good tax relief company can help you to pay IRS less than you owe. A good tax relief company may also assist you to prove to the IRS that collection action or wage garnishment would make it hard for you to meet basic needs for you and your family. The IRS may be compelled to temporarily cease the collection efforts for months or may even be compelled to cease for years. Among other ways you tax Relief Company may recommend include changing your employer, temporarily quitting your job, filing bankruptcy or even filing a file tax levy appeal. Learn more by clicking here: https://www.huffpost.com/entry/new-york-taxes_b_1606651.