Wage Garnishment And Other Debt Collection Actions
Failing to pay taxes and disregarding notices from the IRS can lead to serious problems for you or your business. The IRS has almost unlimited resources, and it has the ability to wreak havoc on every area of your life. In an attempt to collect the debt, the IRS may:
- Garnish your wages: A wage garnishment requires your employer to pay a large portion of your earnings to the IRS. Many times, the garnishment will not leave you with enough money to pay your living expenses.
- File a tax lien on your property: By statute, the IRS, without court approval, can create a lien against all your property in the amount of the debt owed to the IRS.
- Levy your assets and property: A levy is when the IRS, without court approval, seizes any property that you have that is being held by a third party. This includes not only wage garnishment from your employer but also bank account levies, and levies on a taxpayer’s securities and accounts receivables.
These actions will remain available to the IRS until the debt is paid in full or until you negotiate an Offer in Compromise or an installment agreement. A Collection Due Process appeal is also available if you have received notice of any of the above collection actions.
Protecting Your Assets With Our Experience
Tax attorney Fred L. Baker has more than 45 years of experience in tax law. In addition to possessing an LLM (Master of Laws) in taxation, he is a former trial attorney for the Internal Revenue Service’s Office of Chief Counsel in New York City. This means he understands tax issues from the perspective of the government as well as the taxpayer.
The Baker Law Firm, P.C. serves individuals and businesses throughout Connecticut. Contact Danbury wage garnishment attorney Fred L. Baker at 203-648-4737 to arrange a confidential consultation about your tax issues.