Have you been effected by a garnish of wages? It is the process of deducting money from an employee's salary. The garnish of wages will continue until the entire debt has been repaid. One of the biggest garnishments is from not paying taxes. Wage garnishment can harmfully affect credit, reputation, and loans. Below are three steps to solve or resolve your garnish of wages:
1) Be open with your Boss
Go to your boss or HR rep and immediately explain your situation. Tell them what you are doing to fix the problem and let them know you are seeking representation to get you through this mess and that you fully intend to regain compliance with the IRS.
2) Check you bank accounts
Understand that the IRS may be pursuing other aggressive collections activity in coordination with a garnish of wages. Check your bank accounts. Some people say you should pull out some operating money if the IRS has not yet levied an active account.
3) Find an experienced tax representative
File all delinquent tax returns so you are in compliance with the IRS since they won't deal with you until you are in compliance. If the IRS has filed a substitute for return (SFR) on your behalf, it is imperative to file an accurate return for that tax year, and be sure to include all legal deductions. The IRS only includes standard deductions in their calculations. Use a tax representative to do this to help you get all legal deductions for which you qualify.
Have your tax representative work with your employer to make sure all paperwork is filed properly to increase the likelihood of a quick garnish of wages reduction or release. Work with your tax representative to figure out how you're going to pay off or attempt to settle whatever debt you still owe the IRS after filing accurate returns. For some people, just filing accurate returns takes care of a lot of the initial IRS debt.
For others, it only makes matters worse. Either way, you must regain compliance with the IRS or risk facing a severe and ongoing garnish of wages. Hiring a tax representation firm like TaxMasters is a good idea, because we offer services that bring the most benefit to each of our clients. We can shield you from IRS harassment and lead you to solid ground.
Houston based Tax Masters has served tens of thousands of clients and had incredible success with assisting taxpayers with regaining IRS compliance. TaxMasters solves your tax problems.