Wage Garnishments
You may have received a warning letter prior to the levy being served that tells you the tax agency can serve a levy on banks, employers, retirement plans, etc. If you do not respond with a phone call to resolve the matter, your employer will be required to deduct an amount from future paychecks that will be applied to your old tax debt. The IRS takes about 80% of your take home pay, the state can take up to 25%. You’ll need to present one of the following to the IRS as a proposed resolution:
IRS approves a monthly installment agreement.
IRS approves a hardship withdrawal/suspension.
IRS receives an offer in compromise (OIC).
Before you make that call to the IRS, ask yourself:
"Do I have the ability to negotiate with a tax collector that does collections for a living?"
If you ask someone who has been doing this kind of work for over 30 years, the answer is definitely no. Your best course of action is to hire an experienced representative to resolve your tax problems.
If you have ignored the notices and the garnishment (wage levy) goes into effect, we may be able to reverse or reduce the levy. Call Demetriou, Montano & Associates to help you work out something with the tax collector. We are experienced at knowing what to say and what NOT to say in these situations.
IF YOUR WAGES ARE BEING GARNISHED CALL US TODAY — 888-987-1040
If you or your representative do not correctly analyze your financial "ability to pay" and/or do not contact the IRS expeditiously the IRS may decide to use other enforcement actions such as a levy on your bank account or a lien on your property. We can help you stop all of these collection actions and put in place a solution that best fits your circumstances.