Individuals who owe money to the IRS may also face other levy actions by the federal government such as seizure of bank accounts, retirement accounts, homes and other assets.
Miami, FL (PRWEB) May 13, 2013
Tax debt relief assistance is a daily occurrence at CTR, which has today issued a warning to taxpayers about the negative and financial duress that can be caused by IRS wage garnishments. Company management decided the warning was appropriate as the end of tax filing season approached.
“Taxpayers who owe IRS back taxes are sometimes not as quick as they should be to take action and get help with the problem,” said a CTR Spokesperson. “We issued this new warning to taxpayers because too often people call us asking for wage garnishment help, and there is only so much we can do. Once the federal government begins levy actions, like wage garnishment, only certain circumstances can stop those actions. It is possible, but it can be very difficult.”
Federal wage garnishment is the levy process in which an employer withholds additional funds from an employee paycheck each month or every two weeks. The additional withholding goes towards paying back the IRS tax debt. Wage garnishment affects taxpayers negatively and can cause financial hardship situations for individuals who rely on their paychecks to pay bills, feed their family and more every month. Having wages garnished can cause other debt problems to arise.
“This warning is very serious and we are hoping it will reach the maximum amount of taxpayers,” said a CTR Spokesperson. “If the IRS is threatening levy actions, it’s important that you seek professional tax relief help immediately. CTR offers free consultations if you simply require more information about wage garnishment.”
Individuals who owe money to the IRS may also face other levy actions by the federal government such as seizure of bank accounts, retirement accounts, homes and other assets. Taxpayers seeking tax relief should do so before levy actions begin, according to CTR management. The company can assist individuals in halting levy actions, but in some cases, taxpayers who are being levied may not be able to stop collection actions. CTR stressed in the warning that individuals owing the IRS money should seek tax relief before levy or lien actions begin to ensure very difficult situations with the IRS are avoided.
CTR offers tax debt resolution and tax services for individuals and businesses across the United States. The company uses a three step program to create personalized strategies to help taxpayers settle their IRS debt. The company offers many services, including: state and federal tax debt resolution, IRS audit defense, tax preparation and bookkeeping.