The IRS is serious about getting the taxes it is owed, and non-compliant taxpayers can find themselves paying their taxes whether they want to or not! That’s because the IRS has the authority to collect your delinquent taxes directly from your paycheck.
With this collection strategy, called wage garnishment or a wage levy, your employer is obligated to deduct a portion of your paycheck and send it straight to the IRS to cover your outstanding taxes. The end result is that you can have very little left to live on. And, unfortunately, this deduction isn’t a one-time occurrence. The wage garnishment will persist until the total tax owed is finally paid off, you make other arrangements to pay the tax, or the levy is released.
The good news is that you don’t have to just figure out how to live with a wage levy. There are solutions for getting a levy released, in part or in whole, or for securing an alternate tax settlement to pay your taxes. At Price Advantage Accounting, we have a team of tax professionals with more than 40 years of experience providing taxpayers with expert guidance. We know the tax laws inside and out, and we can help you navigate the confusing web of rules and regulations. Our goal is to help you resolve your tax problems efficiently and effectively.
So instead of being railroaded by wage garnishment, bring in our team. Price Advantage Accounting can help you secure an alternative to garnishment and get you back on the fast track to ending your tax problems. Call now to get your free initial consultation!