Wage Garnishments for Taxes Owed
A wage garnishment means that the government is taking money directly out of your wages, salary, or other streams of income and assets. This is considered a very aggressive enforcement action. This is often in conjuncture with bank account levies.
The IRS and state taxing authorities are issuing garnishments at a higher rate than ever. The good news is that we can help. We stop and reverse garnishments every day for clients.
Remember: It is always preferable to prevent rather than try reversing a wage garnishment
Employers and banks are required by law to abide by a garnishment request by the government. Once a garnishment is served and enforced, the garnishment continues until your tax debt is paid in full or other arrangements are made to satisfy the debt, or the time period for collecting expires.
The percentage of money that can be garnished varies widely from state to state and with the IRS. To halt having wages garnished, you will likely need professional help, because the government often is happy to let you pay off the tax debt using this manner, without regard for your personal or business cash flow needs.
The IRS also can garnish the following direct payments:
- Federal retirement annuities
- Social Security benefits under Title II of the Social Security Act (OASDI)
- Federal contractor/vendor payments, or
- Federal employee salary and travel payments.