Our Tax Professionals Can Help Stop IRS Wage Garnishment
Anderson Bradshaw’s IRS Specialists Provide a Complete Range of Expert Tax Relief Services for Clients All Over the USA.
Is the IRS Grabbing Your Earnings? Call Anderson Bradshaw Now!
If you’re facing IRS wage garnishment, don’t panic. There are lots of options available to help you resolve your tax debt and get things back on a solid footing. Take the first step today by calling our professional tax consultants.
IRS Wage Garnishment
Unfortunately for taxpayers, both federal and state governments have the power to levy draconian penalties like wage garnishment. A wage garnishment arising from unpaid taxes can be actioned without a court order. The federal tax authorities also have up to 20 years to collect any overdue taxes, unlike the 5-year limitation that applies to the collection or enforcement of other kinds of debt.
If you’re already struggling financially or have medical bills to meet, the threat of 20 years of wage garnishment could completely destroy your present and future financial security. But don’t despair! Even after a wage garnishment is in place, there are things that can be done to stop it.
Call (877) 550-3911 Now
What is Wage Garnishment?
When you owe the IRS money, they will stop at nothing to get it back. This includes taking a big chunk of your earnings right out of your pay packet before it even gets to you. This is called garnishment.
A wage garnishment is a type of tax levy garnishment that the state or IRS uses to take a portion of your salary directly from your employer. Even though there are limitations, employers all too often forget to give their workers the Statement of Exemptions and Filing Status forms they need to fill out and send back to the IRS within three days. If this happens to you, it can lead to up to 75% of your wages being taken from you
When Can a Wage Garnishment Be Enforced?
There are various grounds for wage garnishment. The most frequent are as follows:
- Not responding to the IRS or state tax authorities in time.
- Failing to submit tax returns.
- Owing tax debts that roll from year to year so continue to increase.
How Do State and Federal Wage Garnishments Work?
If you owe back taxes, especially to the state, it’s crucial to come up with a solution before a garnishment is in place; otherwise, you risk having your earnings withheld. If the garnishment is the consequence of unpaid federal taxes, it can be stopped or amended. However, once a garnishment for unpaid state taxes is in place, it often won’t be lifted until you pay in full, or the garnishment expires.
How Much Can They Deduct?
Depending on the state, up to 40% of your gross salary could be garnished. Once the wage garnishment is in effect, your only option is to submit your financial information with a petition requesting that they cut the garnishment by 10 to 12.5 percent.
According to federal law, the IRS is permitted to deduct the following amounts from your earnings until your tax obligation is settled in full:
- If you have a W-2, all of your earnings less $197 per week can be deducted
- If you have 1099 income, the IRS can take 100% and leave you with nothing.
- If you receive income from Social Security, the IRS can take up to 15%.
Stop Tax Garnishment
Even though a wage garnishment can be stressful and have disastrous financial consequences, there are things you can do to fight back.
Act Fast
Whatever the cause of your wage garnishment, acting quickly will help to ensure that your hard-earned money ends up in your bank account rather than the IRS’s coffers. By contacting us as soon as you receive a Notice of Intent, we can help you to stop a wage garnishment or swiftly find an alternative like an Offer in Compromise.
Check the Debt
When you contact our team about the wage garnishment, the first thing we do is make sure that the alleged tax debt is accurate. It’s surprising how often the debts listed aren’t correct. Once we know how much back taxes are actually owed to the IRS, our tax professionals will evaluate your circumstances and devise a strategy that works well for you and your family.
With years of experience and extensive knowledge of the tax system, we can stop the state or the IRS in their tracks!
Tax Relief Services from Anderson Bradshaw
We don’t just deal with wage garnishment; we can help with lots of other challenging tax issues too:
- Installment agreements
- Account reviews
- Tax levies
- Offers in Compromise
- Audit defense
- Penalty abatement
- Tax liens
- Innocent spouse relief
- Foreign bank account reporting issues
Our Process
Our expert team is ready to spring into action on your behalf. Here’s how it works!
Step One: Consultation
We start with a free consultation to assess your current financial situation and tax liabilities. We’ll also look at the best way to meet your tax obligations without affecting your standard of living.
Step Two: We Build a Custom Strategy
We recognize that every client has different needs, and our supportive team will assess the gravity of your situation and how it may affect your life. We have considerable experience resolving all kinds of tax issues, so rest assured we’ll get the best outcome we can for you.
Step Three: You Get Great Results
Our team of tax professionals will do everything in its power to reduce the threat the IRS poses to you and your income. We’ll put our significant skills and understanding to work to create the ideal solution, one that is specifically tailored to your lifestyle.
Stop Wage Garnishment Now!
Sadly, IRS concerns and tax problems don’t just disappear. That’s why you need expert assistance from the professional tax consultants at Anderson Bradshaw. We’ve helped hundreds of people deal with wage garnishments and tax levies.
Call our trusted team at 877-550-3911 today to arrange a complimentary consultation.
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