Have you received notice from the IRS that your wages are going to be garnished? Wage garnishment is just one of the actions the IRS can take when you don’t pay the taxes you owe. If you find yourself in a position where your wages are about to be garnished, seek assistance from a tax help professional right away!
What Is Wage Garnishment?
Simply put, wage garnishment is when the IRS takes a portion of your wages to pay off your tax debt. If the IRS decides to pursue this course of action, your employer will first be notified of your back tax debt. Your employer will then be required by law to deduct a portion of each of your paychecks to cover this debt, and the money will be sent directly to the IRS.
How to Avoid Wage Garnishment
If you’re like most taxpayers, wage garnishment would likely have serious financial consequences for you and your family. Because it reduces your take-home pay, you could find yourself short when it comes time to pay the rent or purchase groceries! In order to avoid that, begin working with a tax resolution specialist as soon as you receive a wage garnishment notice from the IRS. A tax relief specialist will be able to negotiate with the IRS on your behalf and should be able to find an alternative means for you to pay what you owe.
To learn more about your options for dealing with wage garnishment, turn to the pros at Taxation Solutions, Inc. We’re here to offer you top-notch tax help for a variety of tax issues large and small.