Get Help For Wage Levies
Taxpayers beware! If you owe the IRS money, they will not hesitate to take any money from a taxpayer’s paycheck that they believe that the taxpayer owes in back taxes and fines. Wage garnishments imposed by the IRS can total upon to 25 percent of a taxpayer’s earnings for each pay period when you add up the penalties and interest. In today’s struggling economy, the loss of a quarter of a wage earner’s salary can have a devastating impact on their budget.
Because tax fines can tend to snowball, a taxpayer may end up paying much more than anticipated. The impact that those fines can have on wages garnished from their paychecks can be monumental, which is why contacting a professional early is so important. Using a knowledgeable source will not only help prepare a taxpayer for the pain of wage garnishment, but can also work to make sure that the taxpayer only pays the minimum amount that he has to.
The average person is unprepared for the maze of tax laws that allow the IRS to garnish a maximum when it comes to an employee’s earnings. That is why it is essential to retain the services of a professional who is equally educated about the tax laws. It is important to not wait to retain a professional tax attorney until their problems become unmanageable, because when you wait, then you are dealing with increased penalties and interest assessed by the IRS.
As a local Sarasota Tax Attorney concentrating in IRS Problem Resolution, I can help end your IRS wage garnishment. Please call the Law Office of Mary E King for your free consultation at 941.906.7585.