If you owe back taxes, the IRS has the power to garnish your wages, bank accounts and even seize property. An experienced tax attorney may be able to prevent wage garnishment and property seizures by filing appeals on your behalf or taking other administrative measures to prevent IRS collections.
Wages and funds on deposit in your bank account are the two most common places targeted by the IRS. They also have the legal right to place tax liens against your home, vehicle or other assets without prior notice to you.
The Wage Garnishment Process
The IRS is permitted by law to garnish or levy your wages in order to collect back taxes that you owe. If you have had a tax levy filed against you, your employer must withdraw the amount requested by the IRS before giving you your paycheck or making a direct deposit. If you are self-employed, the levy will attach to 100% of the funds owed to you.
Not following the proper collections process can mean the levy was illegally placed, and an attorney will be able to tell you if you may have had your wages wrongfully garnished. In fact, a tax attorney can help at any point in this process, ensuring you receive fair treatment.
Preventing a Tax Levy
There are a number of options to prevent wage and bank levies for back taxes and releasing the levy once it has been filed. If you do not have the resources to pay the tax debt in full, you will need the help of a skilled lawyer.
Your attorney may be able to help you find ways to pay the debt, or to implement a payment plan that works better for you and still meets IRS regulations. In some cases, your lawyer may be able to guide negotiate a settlement agreement with the IRS or even having the tax debt placed in currently not collectible status. Your attorney can also offer advice on when bankruptcy may be the best option depending on your unique financial situation.
Enlisting the help of a tax attorney with experience in Texas wage garnishment cases may be key to preventing this type of levy from have a negative impact on your family’s financial well-being. He will also represent your best interest in court.
A well-qualified lawyer will ensure your rights are being protected from the IRS, as well as help to resolve your tax debts and prevent or release IRS levies. For more information on how we can help in your specific situation, call Scammahorn Law Firm today at (903) 595-1000.