Wage garnishment is one form of collection by the IRS or State tax authorities to collect on owed taxes. With wage garnishment a portion of your paycheck automatically goes to the government until your debt is paid off. There is no option for adjustment or any consideration for emergencies, other debts, or other things that might affect your monthly expenses.
The IRS or State tax authorities can place a lien on assets as a form of collection on past due tax bills. These assets could include your bank accounts, income, or assets. It is very important to take immediate action because failure to handle a tax lien notice could mean seizure of assets, homes, bank accounts and/or wage garnishment.
IRS and State tax authorities aggressively pursue the collection of owed back payroll taxes. It is important for businesses to resolve this as quickly as possible to avoid inevitable seizure of assets, property, or garnishment.
When the IRS selects a taxpayer for an audit, it may be because of random selection, because of discrepancies with the taxpayer's reported income, or because of other reasons. It is important to engage the services of an experienced team such as the USA Quality Tax Tax Alliance to ensure that the audit process goes smoothly.
There several types of tax resolutions for delinquent taxpayers to resolve their tax debts. The three most common for taxpayers who are unable to pay in full are offer in compromise, install agreements and currently non-collectible status. In other cases, by correcting mistakes or filing the proper tax forms that were not done originally, a favorable tax resolution can be obtained.
Whether you are filing as an individual or as a business as well, the USA Quality Tax Tax Alliance has a #1 rated tax team by Top Consumer Reviews. The team consists of CPAs, attorneys, enrolled agents and tax preparers to help you with a unique and custom tax resolution.