Having a wage garnishment is a crippling experience. The IRS can seize up to 75% of a taxpayers income, and sometimes this comes without any warning. Mostly, however, there are notices sent in the mail warning of this imminent danger.
The first demand letter is usually followed by three computer-generated notices as a reminder of the taxpayers tax debt and tax year for which it is due. This includes the amount due along with penalties and interest. Usually, four notices, or reminders, will be sent out: a CP-501, CP-502, CP-503 and CP-504. If the taxpayer does not respond to the final CP notice (CP-504) which states the IRS’s intention to levy, it will be followed by a more serious notice.
The IRS will then issue a CP-NFTL. The NFTL, or notice of federal tax lien, allows the IRS to become the highest priority creditor attached to your property in a process of collection. However, this is different from a levy. A levy is the actual seizing of assets, whereas a lien is simply a device used by the IRS to protect their interests.
If, after sending these notices through certified mail, the IRS is still unable to collect on the debt, they are allowed to take up to 75% of a taxpayer’s earnings in order to settle an outstanding tax debt. This usually first comes in the form of a wage garnishment, and then by way of bank levy.
If you’ve received several notice from that IRS and have failed to respond to warnings with the intent to levy assets, or if the IRS has already begun wage garnishment or seizure of bank accounts or other funds, it’s still not too late to ask for help!
Everyday, our firm helps connect hard-working Americans with top tax attorneys and relief professionals to stop IRS wage garnishments. This means working the wage garnishment laws to your benefit and finally get back what you honestly earned regardless of what you’ve done in the past. We are committed to ending the embarrassing tactics that the IRS uses to inform employers about your private financial matters.
After your initial interview, you’ll be assigned a personal account manager to work with you one-on-one while a small team of wage garnishment attorneys and wage garnishment accountants with years of tax law and previous IRS experience between them carefully review your account. We’ll find the best strategy to resolve your tax liability. Our priority is to lift levies and stop wage garnishment and, ultimately, protect you from further bullying by IRS.
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