When you owe a significant amount in back taxes, the government can go to extreme measures to recoup what it is owed. One of the tactics the IRS might use is wage garnishment, which involves a portion of your paycheck going directly toward your tax debt—rather than into your pocket. While this might seem like a stress-free way to pay your back taxes, wage garnishment can cause real financial hardship. Imagine trying to pay rent and utilities, buy groceries, and take care of other necessities while bringing home only a fraction of what you’ve earned!
If you’re struggling under the weight of IRS wage garnishment, help is on the way. Price Advantage Accounting is Orlando’s skilled and knowledgeable source for all sorts of tax resolution services, including tax settlement negotiation. We’ll take a look at your situation and determine the best alternative to wage garnishment. Then, we’ll petition not only to have wage garnishment stopped, but also to implement this new tax payment strategy. Perhaps a monthly installment payment plan would work for you. Maybe you’re eligible for an offer in compromise or other tax debt reduction settlement. Whatever the case, we’ll work hard to improve your financial circumstances. Get in touch with Price Advantage Accounting now to get started.