If you have received a wage garnishment notice (IRS Levy) that the IRS is instructing your employer to deduct a big chunk of your paycheck, it clearly means that you have an unpaid back tax debt. And what’s worse is, your employer is required by law to remit a significant portion of each paycheck directly to the IRS to satisfy the garnishment order to pay off your unpaid tax debt.
What amazes me as a tax professional, is that most taxpayers continue ignoring the IRS by not responding to the tax levy, not knowing that the IRS will continue garnishing their paychecks until their tax debt is paid in full with a lot of penalties and interest too.
If you have a tax levy then you need to know that with our firm, you do not have to take on the IRS by yourself, we actually do not recommend self-representation as you do not know the tax laws, your options nor do you know your rights as a taxpayer. We specialize in tax representation and will work with the IRS to negotiate the full or partial release of the wage garnishment, tax levy, if you qualify for tax relief, resulting in saving your paycheck! Depending upon your particular circumstance, we may be able to negotiate an installment agreement so you can pay the IRS a specified dollar amount every month until the tax debt is paid. Once the installment agreement is in force, an offer-in-compromise may be negotiated to settle your entire tax debt, including penalties and interest, for less than the entire tax liability, depending on your individual financial circumstances, each case is different.
Another popular option is to be placed in a “currently non collectible” status, CNC, in which you may not have to make payments to the IRS at all based on your financial hardship, again depending on your individual financial circumstances, each case is different.
Please call us at 818-649-8552 to set up a free consultation and to review your options and take the stress out of dealing with an IRS wage garnishment notice.