If you were to ever receive to receive an IRS wage garnishment notice, IRS, you should act immediately. What is means is that the IRS is going to automatically take a portion of the money that you owe them directly from your pay check each pay period to pay off your tax debt. This could put a tremendous dent on the amount of money you now take home each month. Instead, you should contact the IRS and offer to make monthly payments to them on your own instead.
If you fail to pay your debt or to negotiate a payment plan with the IRS after you receive the first notice, you very likely will receive an official “Final Notice” that states the IRS intentions to obtain a duty against your assets. This duty can
be used legally to seize any of your real or personal property, including your wages (which are considered personal property). Included in the “Final Notice” will be a disclaimer that you have the right to hold a hearing on this action, should you choose to. The IRS will not place a duty against your wages without first getting court approval, however this is very easy for the government to obtain. You only have 10 days after receipt of this notice to act before the IRS will begin the wage garnishment process.
Once the IRS has a placed a duty against your wages, your employer will be contacted about his or her legal obligation. Your employer has no alternative and has to withhold a specific sum of money from each of your paychecks for transmittal to the IRS for your tax debt payment. The amount that is withheld varies anywhere between 30% and
70% of one’s paycheck. The specific amount determined by the IRS varies on such factors as the total amount owed and number of dependents etc.
A wage garnishment can seem like the most drastic collections measure the government could ever impose upon a person. However, remember that if you do receive notice of a wage garnishment by the IRS, you do have 10 business days to respond to the complaint. The alternative is to try and work with the IRS in some form or payment
plan options. Either way, do not stick you head in the sand when it comes to paying your taxes owed. Contact the IRS first and see what plans they have available for you!
To learn more about this program you may contact Nationwide Debt Reduction toll free at 1-800-890-6658 and we may be able to guide you to an office near you for help