IRS Wage Garnishments – You Have Rights

June 30, 2011 by  Filed under: Taxes 

Most people cannot live off of $179 per week if the IRS garnish their wages.

Wage Garnishments are scary and can be devastating financially and emotionally, that is why you need to know what to do to lift and or prevent wage garnishments and bank levies.

Now, it is important to note that before the IRS can garnish your wages they are required to notify the taxpayer of their future actions against you by sending the taxpayer a series of IRS collections letters, these are not love letters. The letters the IRS sends are Notices of Intent to Levy on Wages leading to the final which is the Final Notice of Intent to Levy Wages. If or when you receive this letter, things are about to get sticky if you don’t take immediate action.

If you have received any of these IRS letters it is in your best interest to figure out what your options are immediately so can take the necessary steps to stop or release a IRS Wage Garnishment. Keep in mind, if you have a business they can levy your account receivables as well. Thinking about what to do is not a good option here, taking action now can make it easier to get the IRS wage garnishment and IRS wage levy situation dealt with swiftly. Normally, you will receive the final Notice of Intent to Levy Wages by certified mail, never good to receive certified mail from the IRS.

So, if the taxpayer does do something about this and take action on the first letter, the IRS send additional letters leading to the IRS Final Notice of Intent to Levy on Wages. This letter is serious and demands IMMEDIATE attention or the IRS WILL garnish your wages, AGAIN THE IRS WILL GARNISH YOUR WAGES. Again, scary stuff but it can all be dealt with if you understand your rights as a tax payer.

A couple of additional things to keep in mind if you have a tax issue or looking to prevent a tax issue. It is not illegal to owe the IRS however, it is illegal not to file. Being identified as a non-filer with the IRS is very serious. Remember, even if you are going to owe money and cannot pay it, still file your taxes.

Do not face your tax issues without understanding your rights and the options available to you. Navigating a tax issue can be a very slippery slope, knowledge is power here.

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