Wage Garnishment Release
A wage garnishment may be placed by the IRS, Franchise Tax Board, or Board of Equalization. This occurs when you owe taxes and they are no longer willing to wait to collect them. If a wage garnishment has been imposed on you, it will remain in place until you have paid the tax bill in full. The IRS may also place a levy on your bank account to collect for unpaid taxes.
Initially IRS or the Franchise Tax Board is going to send you a notice of your past due taxes and a demand that you pay them with 10 to 30 days depending on the type of tax. You should contact the IRS immediately to arrange a payment plan. However, If don’t contact them or pay the taxes, they will send a “Final Notice” of intent to levy and a notice of your right to a hearing on the issue. Thirty days after this notice, the IRS will proceed with the wage garnishment.
It is important that when you receive an IRS Notice of Intent you need to contact an tax consultant to help you resolve the issue in a timely manner. We can help you submit any unfilled tax returns as soon as possible. Our experts, are experienced in releasing your wage garnishment if already in place or seeking a release of a bank levy.