Wage Garnishment is another method that the IRS uses to retrieve back taxes from a tax payer. When the IRS files a Wage Garnishment, it directs your employer to deduct a percentage of your salary and forward it to the IRS. This percentage depends on factors such as marital status, number of dependants, etc. The IRS has the power to intercept up to ninety percent of your salary as Wage Garnishment.
Wage Garnishment can prove to be financially and emotionally destructive. In most cases, it also comes as a surprise to the individual because the IRS needs to send only an initial notice and a final notice before it has the power to deduct your wage. These notices may be sent to your last known mailing address, and if you have changed your address recently, the garnishment could catch you unaware.
The Wage Garnishment remains in force until your back taxes are paid in full or a formal release is negotiated with the IRS. Certified Tax Inc. can help you negotiate a settlement with the IRS so that you can take home all the money that you work so hard for, receiving the tax relief. We have an enviable track record when it comes to releasing a Wage Garnishment. Call us now and we can help you get your full salary in your next paycheck.