Liens, Levies, and Garnishments
Unpaid debt takes a devastating financial toll on individuals and businesses alike. If you owe back taxes, the IRS will do whatever it takes to collect from you. Liens, levies, and wage garnishments are the three most aggressive techniques used by the IRS to collect outstanding tax liabilities and should not be taken lightly. If you have received a notice that a lien has been placed on your home, have been notified by your current employer that they are forced to garnish your wages, or you are no longer able to access your bank account because it has been levied, it is important to seek out an experienced attorney for the resolution of your case.
Although it might be difficult to completely remove liens, levies, and wage garnishments can be complicated to remove, Prompto Group’s teams of highly trained tax accountants, attorneys, and CPAs work together to help our clients halt these aggressive actions by negotiating directly with the collecting tax agency on their behalf. Whatever the particular situation may be, our tax representatives take a personalized approach to each of our client’s cases in order to determine a comprehensive resolution plan for immediate tax liability relief.
Wage garnishment is a legal procedure in which the IRS is allowed to withdraw a considerable portion of your earnings directly from your monthly check or bank account until your federal tax liability is paid in full. Generally, wage garnishments are used when the federal tax lien or levy does not result in the taxpayer’s willingness to pay off his or her tax debt. This may lead to your inability to pay regular monthly expenses, such as rent, food, transportation, childcare, and more.
If your wages are being garnished or you have received a notice of intent from the IRS for wage garnishment, the attorneys and CPAs working with Prompto Group may be able to help. Prompto Group believes that utilizing a team of tax attorneys and CPAs increases the chances of our clients for negotiating a manageable tax liability payment arrangement.
A levy is a seizure of a taxpayer’s property by the IRS in order to satisfy his or her tax debt. If you do not pay your tax liability or certain arrangements to settle your tax debt, the IRS may seize and sell any of your real estate or personal property in an effort to satisfy your tax debt. As a rule, a levy is assessed after the IRS sends the taxpayer the Final Notice of Intent to Levy and Notice of Your Right to a Hearing and you fail to act within 30 days of the date of such notice.
Federal Tax Lien
A federal tax lien is comparable to a security for payment of a loan. Under this procedure, the IRS has the right to notify your bank and all your creditors that there has been a lien placed on your assets for the amount of the taxes you owe. Thus, the lien serves as a security for the payment of the outstanding debt. The IRS will first assess your liability, and then you will receive a Notice and Demand for Payment. If you neglect to take appropriate action at that stage the IRS may impose a lien on your real and personal property. Practically, a lien may be “lifted” if you pay your tax debt in full or enter into a satisfying arrangement with the IRS for payment of your tax debt.
Our Southern California and San Diego attorneys and CPAs are experts in their fields and will be there to guide you through every step of the process tax debt resolution. Do not ignore or throw away delinquent notices from the IRS; bring them to us and we will provide you with professional advice and prompt resolution of your case, provided it passes the initial qualification assessment. Make the first step towards resolving your tax debt today! Contact us at (888) 754-7510 or firstname.lastname@example.org to set up your free initial consultation and assessment today!