When a person is neglectful in resolving their tax debt, tax penalties often occur, including possible wage garnishment. This happens when an employer, who is required to pay taxes on employees, withholds the neglectful employee’s earnings for the payment of debt as issued by a court order or other legal procedure in accordance to the Internal Revenue Service or state tax collection.
Garnished wages are submitted and applied toward the individual’s unpaid taxes. Another form of tax penalties is the issuance of levies on social security or pensions. Tax penalty abatement is illegal and can earn the offender imprisonment and hefty fines. Of course, the best way to get back tax relief is to pay off the owed taxes. While it may not seem like tax penalties such as wage and IRS garnishment are made to help with back taxes, they are. However, to avoid more strict tax penalties, contacting an agency that can work with both the IRS and the individual, sometimes Irs tax relief can be found. A tax professional can advise individuals about services designed to help resolve a wage levy and they can also help negotiate before debt is repaid.
A tax professional can help further tax penalties from incurring by securing relevant information required for a levy release as well as by proposing collection alternatives such as installments, and compromises. These can sometimes help to secure a release from a wage levy. Pay your taxes when due, and save throughout the year to be prepared during tax time. When you need help avoiding tax penalties, contact a tax professional to find Irs debt relief.