Yesterday morning, my law firm published a blog entry discussing IRS wage garnishments and how to get them released. For those of you who may not know, wage garnishments are one of the IRS’ most aggressive collection tactics where they literally take money from your paycheck and apply the funds towards your IRS back tax debts. You can find a snippet of the article below, but be sure to read the full post at the Roni Deutch Tax Relief Blog.
What is an IRS Wage Garnishment?
Technically speaking, an IRS wage garnishment is a written notice the IRS sends to a taxpayer’s employer that will require them to withhold a significant amount from the taxpayer’s paycheck and forward it directly to the IRS. The employer is legally obligated to follow the IRS’ instructions, and can get hit with serious penalties if they do not.
Garnishments for Self-Employed Taxpayers
Do not make the mistake of thinking that just because you are self-employed that you will not have to worry about a wage garnishment. The IRS can levy your accounts receivable or unpaid contracts to collect your unpaid tax liabilities. Additionally, it is important to remember that a wage garnishment is only one of the IRS’s collection activities. If they cannot garnish your income, then they will likely go after your bank account or personal property.
Notification of a Garnishment
