Are you struggling to pay off your taxes? If so, the IRS could begin collection process. The IRS has access to all your financial records, and it knows how much money you have and where you keep it.
Wage garnishment not only leaves you short of money in your paychecks but also inflicts long-lasting damages to your credit report and finances that could take years to resolve.
On the other hand, bank levy involves the bank withdrawing any funds in an individual's bank account on the date of levy and up to the full principal and interest amount owed. The entire balance in an individual's account can be deducted from it.
Before wage garnishment or bank levy, IRS will send notices asking you to pay the bill or set up an installment plan. The IRS begins its collection activities if you don’t respond to the notices on time. An experienced IRS tax attorney in Carlsbad, CA can help you to substantially reduce IRS tax debt or use other applicable tax debt resolution strategies.
Our experienced immigration and tax lawyers in Carlsbad would help you to obtain up-to-date information about the provisions that apply to you to prevent these costly mistakes. A tax attorney can work with the IRS to establish a payment plan or reach a settlement that will not ruin your family’s finances. The tax attorney also provides thoughtful solutions to prevent IRS wage garnishment and stop imposed liens and levies for tax delinquencies. So, it always makes sense to have an experienced lawyer on your side to help you get through this financial hardship.