If your taxes go unpaid after the final filing date, the IRS will first seek repayment by contacting you through the mail. When no steps are taken to address an outstanding tax debt, the IRS will pursue more aggressive means of repayment, including wage garnishment. If you are facing IRS tax problems that include property seizures or wage garnishment, taking action immediately can help you put an end to this process.
File Any Un-filed Tax Returns
The first step in ending wage garnishments is ensuring that all your tax returns have been filed, even those for previous years. Un-filed tax returns will not only affect the amount you owe, they will also continue to accrue a failure to file penalty that will increase the amount garnished from your paychecks and prolong the amount of time the IRS plans to garnish your wages. Even if your tax returns are extremely late, filing them properly is a good first step toward ending wage garnishment.
Arrange to Pay Your Debts
Wage garnishment is an option the IRS will pursue only if you take no other steps to attempt to pay your debt. Thus, making arrangements to address your tax debts in other ways will put an end to your wage garnishment. If possible, paying your debt in full is the best solution; your accountant can help you determine whether selling assets or taking out a loan is the best way to pursue this solution. Alternatively, entering into an installment agreement or making an Offer In Compromise are IRS-sanctioned ways to repay your tax debts and put an immediate end to your wage garnishments. If you have questions about which solution is right for you, your accountant can assess your financial situation to make suggestions and offer support, particularly when making an Offer In Compromise.
Wage garnishment is an option the IRS will pursue only if you take no other steps to attempt to pay your debt. Thus, making arrangements to address your tax debts in other ways will put an end to your wage garnishment. If possible, paying your debt in full is the best solution; your accountant can help you determine whether selling assets or taking out a loan is the best way to pursue this solution. Alternatively, entering into an installment agreement or making an Offer In Compromise are IRS-sanctioned ways to repay your tax debts and put an immediate end to your wage garnishments. If you have questions about which solution is right for you, your accountant can assess your financial situation to make suggestions and offer support, particularly when making an Offer In Compromise.
Wage garnishment can diminish your paycheck past reasonable levels, leaving you without the money you need for daily living expenses. Tom Scott, CPA can help you end wage garnishment and other IRS penalties to resolve your tax problems and achieve long-term tax debt relief.
Tucson Accounting, Bookkeeping, and Tax Preparation Experts
145 E. University Blvd., Suite 1A
Tucson, AZ 85705
145 E. University Blvd., Suite 1A
Tucson, AZ 85705
(800) 272-4005
