With unfiled tax returns or an outstanding balance owed to the IRS, you are in danger of a wage garnishment. A wage garnishment is a very powerful tool used to collect taxes owed through your employer. Through this process, each time you are to be paid, regardless of the source, the IRS can levy these wages and collect your money before you do. Don’t let this happen, as it can have detrimental effects on your livelihood.
Form 668 (W) is used to levy an individual’s wages, salary, or income that is owed to the taxpayer as the result of personal services in a work relationship. A levy can be served by the IRS either by in person, by mail, or even by fax to the person who is to pay you, and you may not be served notice until it is too late. Therefore, keep an eye out for the “Final Notice of Intent to Levy” letter from the IRS, as this will let you know that collection action WILL HAPPEN within 30 days. If you get this letter, Platinum Tax Defenders will contact the IRS on your behalf to discuss your options. Using our tax law knowledge and experience with the IRS, we can attempt to delay the wage garnishment proceedings.
However, if you do not contact us soon enough, once a wage garnishment is filed with an employer, the employer is required to collect a large percentage of each paycheck. The wage garnishment stays in effect until the IRS is fully paid or until the IRS agrees to release the garnishment. One of the most expeditious ways to release a wage levy is to negotiate an installment arrangement, or prove your case as currently not collectible.
Here at Platinum Tax Defenders, our professional experience with the Collection Department of the IRS has enabled us to act quickly to have a wage garnishment released. We can prepare any returns that have not been filed and discuss options for any tax balances that are due, including an Offer in Compromise, Installment Agreement, or Currently Non-Collectible. We can assist with getting the garnishment released so your money goes in your pocket and not to the IRS.