Wage Garnishment

Disappearing Income? Understanding And Dealing With Wage Garnishment

Among the Internal Revenue Service’s more effective and harmful tax reclaiming tools, wage garnishment can be frightening and tough to deal with. This article explains:

• When IRS wage garnishment can occur.
• How much the IRS is allowed to take out of your paycheck in Texas.
• How to deal with wage garnishment with the help of an attorney.

When Would Wage Garnishment Be Applied To An Individual Taxpayer?

If you go too long with unpaid back taxes the IRS has requested from you, they can eventually begin to take that money directly from your income. This will only occur, however, once you receive a Final Notice of Intent to Levy and a Notice of Your Right to a Hearing from the IRS. These last two documents must be sent at least 30 days before the IRS begins to garnish your wages.

How Much Can The IRS Take From My Paychecks For Wage Garnishment?

In total, the IRS can claim up to 25% to 50 % of your disposable income. This can be a crushing burden for a small business or anyone already struggling to make ends meet.

What Should I Do If I Receive A Wage Garnishment Notice From The IRS?

If you receive a wage garnishment notice from the IRS, it is vital to consult with a tax attorney or other tax professional with authorization to represent you before the IRS as soon as possible. You need someone on your side to help you negotiate with the IRS and navigate their rules, and you need them fast because there is a tight deadline to appeal.

Can A Houston Tax Attorney Help Me If The IRS Is Garnishing My Wages?

You can file an appeal within 30 days of receiving notification that the IRS will garnish your wages. The best way to stop an IRS tax levy or garnishment of your wages is to respond to the agency as soon as you receive a notice of tax debt. Even if you cannot pay any of the debt immediately, with the help of an attorney, you can negotiate with the IRS to set up a payment plan or other settlement agreement. For more information on Dealing With Wage Garnishment In Texas, an initial consultation is your next best step.