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Stop Wage Garnishment with a Tax Debt Lawyer

August 21st

When you think of wage garnishment, chances are you imagine credit card debt and your lenders taking action to recuperate their money. But did you know that the IRS could employ that tactic as well? If you have IRS debt, wage garnishment can be one of the most difficult consequences. You’re already struggling between paychecks – now money is being involuntarily deducted to repay your IRS debt. So how can you stop wage garnishment? Fortunately, the IRS must follow wage garnishment guidelines, and a tax debt lawyer can help protect your rights.

How a Tax Debt Lawyer Protects You

To avoid the threat of wage garnishment from the IRS, it’s vital to remain proactive in handling your IRS debt. If you owe a significant amount of IRS debt but make an attempt to resolve the matter, chances are that the wage garnishment won’t be enforced – if you’ve made a good faith effort, the IRS will probably work with you. However, a lack of communication about your IRS debt could result in wage garnishment. Working with the IRS and making payments on your IRS debt are your best protectors.

If the IRS is already employing wage garnishment to deal with your IRS debt, working with a tax debt lawyer may be your only solution. To stop wage garnishment:

· Contact a tax debt lawyer. Consulting with a tax debt lawyer will help you deal with any complications surrounding your IRS debt. You’ll be surprised at all the options available, such as a lower settlement (or “offer in compromise”), an installment plan, or bankruptcy. While you might be focused on stopping wage garnishment, be sure to also use your tax debt lawyer to help you settle your IRS debt.

· Contact the IRS immediately. Creating an installment plan to repay your IRS debt is the quickest way that you can stop wage garnishment. However, you might not be able to make monthly payments on your IRS debt, which is why the IRS had to initiate wage garnishment in the first place. If this is the case, you’re in a financially precarious situation, and it’s vital to seek the counsel of a tax debt lawyer to protect your rights and settle your IRS debt.

 

Understanding IRS Enrolled Agents and Back Taxes

August 7th

If you have back taxes and are facing issues with the IRS, chances are that you’re wondering what your resources are for help. From a certified public accountant to a tax debt lawyer, there are many professionals who can help you settle your back taxes. Recently, there’s been a lot of buzz about IRS enrolled agents. So what exactly is the difference between an enrolled agent, an accountant, and a tax debt lawyer? Knowing who can best help settle your back taxes will make it easier to deal with the IRS.

Why Hire a Tax Debt Lawyer?

While an enrolled agent, accountant, and tax debt lawyer can all help you deal with back taxes, only one of these professionals have the training and experience to work in a court of law. When dealing with the IRS and back taxes, it’s important to work with a professional who understands both the financial and legal ramifications of every action. Here’s a breakdown of how these financial professionals differ from one another.

· Certified public accountants can offer general tax advice and can certainly help you design a plan to repay back taxes. Because they are trained to offer general financial advice, you may already have an accountant that you’re tempted to consult with about your back taxes. An accountant can help with the financial side, but a tax debt lawyer can offer more specific expertise and support.

· IRS enrolled agents are specifically authorized by the IRS to offer specialized advice concerning back taxes. They can help you if you’re being audited or if you need to stay on top of taxes throughout the year.

· A tax debt lawyer provides the same financial expertise as an IRS enrolled agent or accountant, but is also able to handle complex tax situations. Sometimes, back taxes are the least of your worries. You might be faced with harassment from collections, tax penalties, and other consequences. Only a tax debt lawyer has the expertise and experience to legally put an end to all these stressors.

Dealing with the IRS and your back taxes can be an intimidating process, so trust a legal and financial expert to help you through it.

 
 
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