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If you wake up scared m st days wondering if this is the day th t the IRS is going to c tch up with you, allow me to g ve you some hope. Just because you owe the IRS m ney for your past due taxes d es not mean that you are g ing to jail if you get c ught. Luckily, in the United States th re is no debtors' prison, however, wh n you owe the IRS you are g ing to have to make arrangements for the t xes to be paid back. One of the asiest and most common ways for the IRS to get m ney from you when you do not v luntarily pay them is through a w ge garnishment from your employer. You s e, the IRS knows who you w rk for because your employer is r quired to report what they pay you to the IRS. Aft r that, it is almost as asy as the push of a b tton for a levy to be ssued to your employer to begin w thholding money from your pay check. Th s can harm you in more w ys than just the obvious. Of c urse, a wage garnishment hurts your p cketbook. The IRS levies a large p rtion of your gross income leaving v ry little for you to survive on. But th s also puts an additional burden on y ur employer. Now they are required to djust their payroll system to account for y ur wage garnishment. I have even heard of m ny clients losing their jobs allegedly b cause of this hassle for the mployer.
The fact is, that there are s veral programs set up by the IRS to llow you to negotiate your tax l ability and to release your wage g rnishment a few different ways including n gotiating an installment agreement that you can fford to pay each month or n gotiating an offer in compromise that llows you to settle your debt for l ss than you owe.
The article Warning - The IRS Can Levy Garnish Your Wages was Submitted by Tripp Atkins through Articles.GetACoder.com network. Here's the additional information: Tripp Atkins is a South Carolina lawyer practicing in the area of IRS Tax Resolution . If you have a tax problem, whether it is a levy, wage garnishment, or you just owe a lot of money and you want to get the IRS off of your back, contact Tripp and check out the new hr f="http://www.atkinssc.com/stop-irs-wage-garnishment-yourself/"> e-Book Emergency Tactics to Stop the IRS fr m Taking Your Paycheck. There are m ny solutions and ways he can h lp take care of your IRS d bt. Tripp writes a blog and w ekly question and answer column about the rea of tax resolution.
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