If the Internal Revenue Service will be collecting anywhere between $10,000 and $25,000 from you for taxes that are from last year or that have combined over time to formulate this sum, consider getting professional assistance. It by far is the one way you will get to stop wage garnishment in its tracks if it comes to that. Even if wage garnishment is not on the table, which in all likelihood it may not be, then still try hiring someone to get effective tax debt relief. Otherwise, risks run higher for you paying more down the road.
By hiring someone to help stop wage garnishment, for instance, you can effectively stop IRS wage garnishment before it gets too severe or before it even is anticipated to begin. This means you get to keep your entire paycheck and use other methods to pay off your debt. The IRS will notify you in advance whether your wages will be garnished and how long you have to find other means to pay, so if that has not happened yet this year you might not have to worry about it. However, only a certified tax specialist with experience in Irs back taxes help can tell you that outright.
Another reason getting tax relief helps is smart is that a tax specialist will know the best approaches to stop wage garnishment and other tax penalties from occurring. Tax penalty abatement, for instance, is an excellent strategy to delay any penalties because it challenges them and in some cases drags them out, giving people more time to find funds and pay. Sending an Offer of Compromise is another strategy, though this strategy is more detailed and involves an upfront payment of 20 percent of your tax bill plus another $150 up front with the promise that you will pay the remainder in cash. This last tax allowance was added to the federal system on July 15, 2006, and since then many Americans have used this strategy to pay their tax bills more easily.
A tax specialist knows as well about doubt as to collectability, or DATC, which means taxpayers can never pay their tax bills off entirely. A tax expert, therefore, could help to stop wage garnishment and simultaneously prove that you owe too much to pay off rightfully. So this tax professional could effectively both stop wage garnishment indefinitely and prevent you from having to pay your full tax bill.