WAGE GARNISHMENT

Almost nothing is worse than having your wages garnished by an IRS Wage Levy. In the case of a Wage Garnishment, the taxpayer is directed to turn a significant percentage of his or her wages to the IRS. In the event that the IRS files a Wage Garnishment, the taxpayer's employer must intercept a percentage of each of his or her paychecks, and then forward that percentage to the IRS. Wage Garnishments remain in effect until the taxpayer's IRS back taxes are paid in full, or a formal release is negotiated with the IRS. The amount of money that the IRS can withhold is based on a variety of factors, such as whether or not the taxpayer is married, or the number of dependents the person in question has. Up to 90% of your salary can be withheld and sent to the IRS on every paycheck!
PowerTax Relief realizes that reductions in income can be disturbing and destructive to individuals and families. Shortly after garnished taxpayers get in touch with us, we start negotiations with the IRS for a release. In most cases we get wage garnishments lifted on our first contact with the IRS. If not, our tax relief experts will find out what the IRS requires to solve your tax problems and release the wage garnishment. We will work diligently on your behalf until your wages are released. We almost always get wage garnishments released before our client's next paycheck! You can count on PowerTax Relief for both Federal and State tax help.

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TAX SETTLEMENT & AGREEMENT

A tax settlement payment plan with the IRS is formally known as an Installment Agreement. It is possible that the IRS will accept monies for unpaid taxes over the course of up to five years. Sometimes after in-depth financial analysis, our income tax attorney may determine you do not meet the qualifications for an offer in compromise. If so, we consider the next best course of action to resolve your IRS debt problems.
Those individuals who fail to qualify for an IRS Offer in Compromise might be able to receive tax relief through Installment Agreements. If a negotiation with the IRS concludes that one's liquid assets are not sufficient to pay off one's debt, the IRS may opt for an installment approach, instead of a more severe IRS tax garnishment.
We will analyze your ability to pay and contact the IRS to set you up on the best plan for you. Most of the times we arrange for a payment plan with monthly payments substantially less then the IRS' first demands

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IRS DEBT - PENALTY ABATEMENT

Individual IRS debt can escalate with alarming speed. This is because a large portion of the taxpayer's delinquent bills are composed of interest and penalties. Interest and penalties like an IRS lien alone can turn what would ordinarily be a moderate tax challenge into a major ordeal.
The good news is that having past tax penalties like wage garnishment and interest removed (or altogether stopped) is definitely possible. Moreover, if one did not pay penalties and interest correctly, one may qualify for a tax refund.
Pending the fulfillment of specific requirements, the IRS might remove the penalties and interest - either partially or in full. In the event that one can present reasonable cause for failing to pay one's taxes, confirm that no neglect characterized one's attempts to repay the tax debt in question, and verify that due diligence was implemented, the attainment of relief becomes more probable.
If you need tax help, our experts at PowerTax Relief will review your circumstances and determine if you meet the qualifications for penalty abatement. If you do, we will work with you to gather all of the necessary information and documents to put together an abatement package. We will then prepare the paperwork and submit it to the IRS on your behalf.

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