Protect Your Income against Seizure by the IRS
If the IRS believes you owe back taxes, it can force you to pay your debt by claiming your property. One of the most invasive ways the IRS will collect unpaid taxes is through wage garnishment. This is when the IRS notifies your employer that it will begin garnishing wages. Your employer is then obligated to transfer a percentage of your earnings directly to the IRS.
At Damiens Law Firm, PLLC, we understand that the last thing you need right now is a reduced income. Wage garnishment can threaten your way of life by making it difficult or impossible to afford your other important financial obligations, like a mortgage, credit card bills, or medical costs. If you have been notified that the IRS intends to claim your income, our wage garnishment lawyer in Memphis can help you protect your income against a paycheck levy or make it stop if it has already begun.
How much of my paycheck will the IRS take?
Unfortunately, there isn’t a set percentage of your income that the IRS can claim. Typically, the amount of money the IRS will take from your paychecks is the amount that can’t be exempted from wage garnishment.
If you are facing this issue, our Memphis tax attorney can help you determine your income exemptions and protect as much of your paycheck as possible. Doing so can help you afford your other financial obligations so that you are not facing unnecessary and undue hardship.
No court order is required
Wage garnishment is a tool also available to private creditors, but unlike these entities, the IRS doesn’t need a court order. The IRS will send you three notices in the mail warning you that wage garnishment is coming. If you fail to pay your tax debt or work out an agreement with the IRS, it can automatically begin garnishing your wages two weeks after the final deadline.
Because garnishment can happen a lot sooner than it seems, you should be in contact with our wage garnishment attorney in Memphis as soon as you receive your first notice. Damiens Law Firm, PLLC can offer legal solutions to any tax problem you may have.
How do I stop wage garnishment?
If the IRS claims a portion of your unearned wages, it will continue until your debt is satisfied. If you owe a significant amount in back taxes, this means you could be subject to wage garnishment for a long time.
That said, there are a few ways you can stop this process from continuing or ever beginning:
- You can enter into an installment agreement with the IRS to pay back your tax debt through a monthly plan.
- You can make an offer in compromise that settles your tax debt for an offered sum of money, often less than your total outstanding tax liability.
- You can demonstrate that garnishing your income in any amount will place an undue hardship on you and your dependents.
Wage garnishment can also be temporarily stopped by filing for bankruptcy, changing employers, or quitting a job where one’s wages are being garnished.
Get legal help today!
Your problems with Memphis tax debt and wage garnishment can get solved when you reach out to an experienced tax attorney like ours at Damiens Law Firm, PLLC. We provide a number of tax relief solutions that help people like you get the support you need to relieve yourself of your difficulties involving the IRS.
For a free consultation, please reach out to us online and let us know you’re interested in speaking with our wage garnishment attorney in Memphis!