They say there are only two guarantees in life, death and taxes. Taxes are unavoidable and appear when you least expect them. For instance, Alabama has a ten cent tax on a deck of playing cards. In Chicago, fountain drinks are taxed at nine percent, but bottled or canned sodas are taxed at only three percent. Before our Independence in 1776, the American Colonies were subject to taxation by the British Empire. The intrusive tax laws of the British is precisely what led to the colonies breaking away and forming the United States. Now in the U.S. the Internal Revenue Service applies federal and state income taxes on citizens. If a person does not completely pay their annual taxes, a garnishment may be applied by the IRS. But there are ways to stop a garnishment and avoid the ensuing ramifications. Do you know how to stop irs wage garnishments?
Federal income tax rates vary from 10 percent to 39.6 percent of income. A garnishment is applied by IRS, in form of administrative levy, when a citizen does not pay their income tax, pay all of their tax or falsifies their reports. Wage garnishment can negatively affect credit, reputation and the ability to receive a loan or open a bank account. Your financial situation can be utterly ruined by garnishments. If you owe the IRS money, you do still have options.
Garnishment attorneys are those that specialize in taking a stand against the IRS. They know exactly how to stop IRS wage garnishment. The fist step is to investigate the tax liabilities of the individual. They can determine how much was actually to be paid, taxed and owed. Wage garnishment lawyers put themselves between the IRS and the defending individual. While communicating with the IRS, these lawyers will help create a custom plan base on the personal financial situation of each individual to begin resolving tax issues as promptly and efficiently as possible. Additionally, the IRS must give each person in danger of garnishment a 30 days final notice before applying any levies. If you never received a final notice, you may be granted additional time to pay or even have a case to fight back against the IRS.
Wage garnishment can be a crippling problem for a taxpayer. Garnishment attorneys know how to stop IRS wage garnishment and get you back on your feet. You do not have to take the IRS on alone and you can protect your finances and reputation. Read this for more.