Wage Garnishment

IRS Tax Lien on Robert de Niro’s Manhattan Condo

- Scott Scammahorn

Robert de Niro recently paid $6.4 million to the IRS after it imposed a tax lien on his Manhattan condominium property. The tax lien arose from an alleged tax bill amounting to $6,410,449.20 for tax returns filed in 2013.

The actor was allegedly notified 3 months earlier that failure to pay his federal tax bill would lead to a lien on his Tribeca condominium. The actor immediately issued a check for the same amount after learning of the lien. His lawyers said that de Niro would have paid earlier had the IRS notices been sent to the correct address.

IRS Tax Lien

Taxpayers who do not pay their taxes in full are ordinarily sent a bill for the unpaid amount. The IRS notice technically starts the tax collection process, which continues until the amount is fully paid or until the collection period has expired.

The written notice is in the form of a letter explaining the balance due, which includes the amount of the tax, penalties and interest.

When a Taxpayer Can’t Pay Taxes in Full

If you are unable to pay your tax debt in full, you must inform the IRS about it and, depending on the circumstances, the IRS may let you settle your obligations through:

Failure to Pay Taxes

If you do not make arrangements to pay your tax debt voluntarily, the IRS may collect your tax bill by filing a notice of federal tax lien such as the one created on de Niro’s condo. A tax lien is a legal claim attached to specific property.

The lien may be released when the tax bill is paid in full.

Other collection remedies include levying or seizing properties such as bank accounts, wages, retirement income, and social security benefits. Other properties such as your car, boat or real estate may also be seized and then sold in order to satisfy the tax debt.

If you received a notice from the IRS, your properties may be in danger of being attached or sold to answer for your alleged tax bill. Don’t wait for the IRS to serve you a notice of lien on your property. An IRS tax lawyer can represent you before the IRS and exhaust all remedies available to you in order to save your properties from being sold in execution.

In Tyler and the East Texas area, the Law Firm of Scott Scammahorn has over 16 years in tax litigation experience, helping clients fight the IRS on all aspects such as IRS tax liens and levies, and obtain solutions such as offers in compromise.

We invite you to call our office today at (903) 595-1000 to schedule a consultation with an attorney to discuss your tax problems.

Preventing IRS Wage Garnishment

- Scott Scammahorn

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.