IRS WAGE GARNISHMENTS

Here you at work and you have been  summoned to the Human Resources Department. You are told that the IRS is about to take most of your next paycheck and will continue to do so until the debt is paid.

First of all: DO NOT PANIC. You will probably make things worse for yourself. TAKE A BREATHER. GET OXYGEN TO TO YOUR BRAIN.

This is what you should do and not do.

Think. Did I file all of my back taxes???????? If you have not, no one, not even you, can do anything to help. You will lose you next paycheck. YOUR BACK TAXES WILL HAVE TO BE FILED IMMEDIATELY. NO EXCEPTIONS.

If there are multiple years involved, you may have a record problem. A Professional can get those records very quickly. Much more quickly than you could obtain them from the IRS. Remember the IRS is there to collect money. They have your paycheck tied up, why should they hurry to help you? Believe me, they are not in any hurry.

OK, you have your taxes filed, now what. Well, you could call the IRS and make a payment plan with them. That will get your paycheck back, but, (Ah! The BIG BUT) will it be the best deal that you could have received given your particular set of circumstances. Most likely not. Remember, THE IRS IS THERE TO COLLECT AS MUCH $$$$$$ AS THEY CAN. They are not a consumer protection agency.

You may be eligible for an Offer in Compromise. Or a Penalty Abatement. Or you may be “Temporarily Uncollectable” given your current economic circumstances. The payment plan that you quickly agree to (remember your state of anxiety at the time) may be unsustainable by you. Believe me, you don’t want to default on payment plans with the IRS. There arePAYMENT PLANS” and then again, there are, “PAYMENT PLANS”. They are not all created equal.

You have rights. Make sure that they are protected. Hire a Professional who “has been to rodeo before”. It will be worth it.

As I always counsel, DON’T OVERPAY FOR SERVICES.

If you would like to speak to us, please call.

Visit me at:

DWKtaxgroup.com or Call 1-866-226-6102