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IRS Liens, Levies, Seizures, and GarnishmentsIf you were determined to owe taxes and you
failed to pay or negotiate a payment plan to settle your tax account, the IRS is
empowered to file for and place federal tax liens on your public record
indicating that you owe the government various taxes. It is usually filed with the County Clerk at your place of work, business, or residence. The lien
is the initial step the IRS will use to take control of your assets, and it is
usually followed by an IRS action for seizure, levy, and wage garnishment. Wage garnishment is very commonly used by the IRS to recover taxes owed by employed taxpayers. Upon filing for wage garnishment with an employer, the employer is required to deduct from the employee's paycheck and directly pay to the IRS the amount specified in the garnishment document. Wage garnishment remains valid until the amount owed to the IRS is fully paid or until such garnishment is released. Garnishment can be avoided by negotiating a payment plan with the IRS. When the IRS levies your bank account, that means the actual taking of money from your account. Your have no say whatsoever in this action as the bank must comply with the IRS demand to obtain any funds in your bank accounts. This action can be done in record-time by a revenue agent who is empowered to cash-in all balances in your savings and checking accounts. In the same manner, a levy can be place on your accounts receivable, earnings, and wages. The IRS will exercise their power to seize of your assets as the last resort. Seizure will relinquish your ownership rights and allow the government to dispose the seized assets in order to recover the money you owe in back taxes. If you are faced with liens, levies or seizures, we may be able to help you to negotiate payments and release the levy. Negotiating a payment plan would more likely serve the interest of taxpayer more than the interest of the government.
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