Wage garnishment. Just the thought of it can bring chills to the mind, if not the body. Wage garnishment can happen without even a court order if you owe the IRS back taxes. This is where they take out the money you owe from your check and send it directly to the IRS. If this happens to you, you are going to want to know how to stop irs wage garnishment. Having a wage garnishment imposed on you is a pretty depressing predicament to be in.
Are you in this predicament now? Perhaps you are sitting there thinking “how can I stop wage garnishment?” The good news is that there are ways to stop IRS garnishment. You are going to need the advice and help of a good IRS tax attorney to stop irs wage garnishment though. You see, Federal taxes can be levied for up to 39.6 percent of your income. It actually ranges from 10 percent to 39.6 percent , depending on how much money you make is taxable income. The actual figure you owe the IRS can turn out to be quite a lot if you make over a certain amount of income. Some people won’t pay it and then they end up in big trouble with the IRS. The IRS can levy your bank accounts, social security payments, life insurance proceeds and more. They can even put a lien on your house, which means that when you sell your house, the IRS gets paid first out your equity.
An IRS levy can’t be done without due process though. The 5th amendment was passed for that. An IRS tax levy is however considered to be an administrative action by the IRS that can be ordered without the need to go to court. They can do this under statutory authority. In other words, the IRS can seize the cash in your financial accounts without taking you to court if you owe them back taxes. If that isn’t scary enough, they can impose a wage garnishment on your too. If you need to know how to stop IRS wage garnishment contact an IRS tax attorney today. You can also get help to stop IRS wage garnishment by going to a tax resolution service as well.