If you have tax debt that you cannot pay, the government may take action to try and collect what you owe. One way they can do this is by garnishing your wages. Wage garnishment can be a huge blow to your finances, and it is important to know how to deal with it.
In this article, we will discuss what wage garnishment is, how it works, and what your options are if you find yourself in this situation. We will also provide tips on how to protect yourself from wage garnishment in the future.
What is Wage Garnishment?
Wage garnishment is a legal process whereby the government can require your employer to withhold a portion of your paycheck and send it directly to the tax authorities. This can happen if you owe back taxes, child support, or other debts.
How Does Wage Garnishment Work?
If the government decides to garnish your wages, they will first send a notice to both you and your employer. The notice will state how much money needs to be withheld from your paycheck each week or month.
Your employer is then required by law to comply with the wage garnishment order and withhold the specified amount from your paycheck. They will then send this money directly to the government or other creditors.
What Are Your Options?
If your wages are garnished, it is important to know that you have options. You can negotiate with the tax authorities to try and reach a payment plan that works for you.
You may also be able to appeal the wage garnishment order if you believe it is incorrect or unfair. However, it is important to speak with a tax debt relief professional before taking any action.
How Can You Protect Yourself from Wage Garnishment in the Future?
There are some things one can do to protect themselves from wage garnishment in the future. First, if you owe back taxes, work with a professional to bring your default status current and make sure to file your tax returns on time every year. This will help avoid penalties and interest charges that can add up quickly.
Second, if you are having trouble paying your taxes, reach out to the tax authorities and try to
negotiate a payment plan or settlement. This can help you avoid wage garnishment and other legal actions.
Finally, if you are facing wage garnishment, do not wait to take action. Consult a reputable tax relief consultant such as the experts at Anderson Bradshaw Tax Consulting as soon as possible to discuss your options and find a solution that works for you.
Looking for Tax Debt Relief? Contact the Highly Reputable Anderson Bradshaw Tax Consulting Today
If you are struggling with tax debt, the professional tax consultants at Anderson Bradshaw can help you through your unique tax situation. With over 30 years of experience in the industry, we have seen almost every tax issues and have learned the best ways to handle each one accordingly. You can feel confident knowing your struggles and difficulties with the IRS can be resolved and corrected quickly and efficiently at Anderson Bradshaw Tax Consulting. For further information or to schedule a consultation please contact Anderson Bradshaw Tax Professionals at 877.584.7509 or visit www.AndersonBradshawTax.com to learn more.