Have you already paid your taxes? If not, you should pay immediately. The IRS federal body is quite strict about tax filing, and they have the ultimate power to take action against you. IRS Wage is the federal body responsible for tax collections and checking all irregularities and tax frauds.
According to professional tax experts (including a San Jose tax attorney), wage garnishment is one of the most popular tropes used by IRS officials to clear off tax debts. In this post, we will discuss what an IRS wage garnishment is. And how can you fight back? So, without further delay, let’s start.
What Is IRS Wage Garnishment?
Many of us think IRS garnishment and wage levy are all the same. Though, it is not the case. IRS garnishment is when the federal body takes a certain percentage of your income to pay your tax debt. This arrangement continues until all of your debts are cleared.
Understanding all these laws and protocols can be difficult for an ordinary person. If you are one of them, please consult with an experienced tax professional (including a Ventura tax attorney). The professional can make you understand all the basics of the IRS wage garnishment program.
We have already told you wage garnishment, and levies are different. In wage levy, the IRS seals all of your assets and incomes, whereas, in garnishment, only a certain percentage of your income goes to IRS.
IRS Wage Garnishment Rules
As we have already discussed the basics of IRS garnishments, it is time to look into this matter more closely. IRS has full authority to plea for a court order issuing a wage garnishment policy. The court will look into the matter and issue an order against you.
This order consists of all the details of wage garnishment. If you have received one of these orders, you must pay a fixed percentage to the IRS as your tax repayment. This arrangement will continue until all of your tax debts are cleared.
Mostly, when a person is under wage garnishment, it is a part of his payroll process. Consumer credit protection act titled 3/1 has mentioned it. Please consult your tax expert to devise a plan for fighting wage garnishment.
How To Fight Against IRS Wage Garnishment?
Be careful if the IRS has already issued a wage garnishment against you. The very first thing we should do is protect our assets. Remember, the IRS can impose a tax levy and seal all your assets.
Try to hire a professional tax law expert who can defend your interest and represent you in front of the IRS if necessary. Three things the IRS can do further. They can seal your properties, seize them or auction them to claim the money you owe, and finally, freeze all of your accounts.
You can opt for monthly payments or fight them in court if you think steps have been taken against you and you have not done anything wrong. Consult with your tax law expert and proceed accordingly.
We have tried to give you a rough idea of IRS garnishment. Get in touch with an experienced tax law expert immediately to learn more.