Stopping Levies and Wage Garnishment
If you are facing IRS levies, you may be uncertain of what is next. Despite how it may feel, your situation is not hopeless; we can aid you in stopping levies and wage garnishment in Fort Worth. We want to help you understand the process and get you the assistance you need to stop the IRS from moving forward any further.
After the initial step of notifying you of an IRS lien, the process of debt collection by the IRS only intensifies. The next step is sending you a notice of intent to levy. This notice must inform you of the right to request a hearing during a 30 day period following the notice. Once the 30 day period has ended, the IRS will then use their levies to take money from you in a more forcible manner.
The IRS will use levies to collect what they believe you owe to them. They will use this power to continue taking your money however they can until they think you have paid them in full. IRS levies apply to all of the following:
- Bank accounts
- Retirement Funds
- Rental Income
- Life Insurance Cash Value
- Commissions and more
By this point, the IRS will be seizing your funds with our without your consent. Once the initial 30 day period has passed, they can go so far as to take all the money you have from your bank accounts and other such funds, leaving you with nothing. It is extremely hard for you to fight the IRS alone, which is why it is important to have an experienced CPA on your side to help you with IRS negotiation.
Wage Garnishment in Fort Worth
One of the most difficult components of facing IRS levies is wage garnishment. Through wage garnishments, the IRS is capable of taking a large amount of your earnings from your paychecks. This can leave you in a place where you are not capable of paying any of your other bills or buying simple things like groceries or other necessities. We understand how important it is for you to receive your paychecks, so please talk to us; we will explore all available options to help you prevent wage garnishment from happening to you.
Although you may have a good relationship with your employer and they may want to help you, they are not legally capable of stopping wage garnishment in Fort Worth from happening. Wage garnishment also includes wages from social security, retirement funds and more.
The best thing to do in the case of receiving IRS levies is to have the issue handled promptly by a CPA like Don R. Walker. Through IRS negotiation processes, we can help you avoid further difficulties caused by IRS levies. If we can begin negotiations before the 30 day period after notification has ended, we can try to find a solution to keep the IRS from acting on their levies. We do not want to see you strong armed by the IRS, and will work to help you find solutions to your IRS levies. We are committed to giving you help stopping IRS levies and wage garnishment in Fort Worth.