Tax debt relief is a very important part of alleviating the financial burden of many citizens, as many people who owe significant back taxes need to settle the debt for the sole reason to stop wage garnishment. By trying to stop wage garnishment, Community Tax Relief works toward a tax debt settlement that will satisfy both parties and ideally aid their client. IRS wage garnishment is one of the most common ways that IRS tax debt is forcibly settled, and it is simply defined as an employer being required to withhold some or all of an individual’s earnings for IRS debt relief. However, wage garnishment can have negative effects on the individual, leaving them without recourse when it comes to their personal financial situation. Community Tax Relief offers a number of reasonably priced services to help stop wage garnishment and find an option to pay some or all of the debt without reducing the individual to poverty. Despite an inability to pay, taxpayers should continue to file so that they are not subject to more tax penalties.
Options for help with back taxes include such things as Installment Agreements, Offers in Compromise, Partial Payment Plans, and more. These offers, which range from payments or installments over a particular amount of time to reduced overall payment amount, are subject to a number of characteristics. In some cases, to stop wage garnishment and be eligible for one of these options, a taxpayer must meet one of three conditions: doubt as to liability, collectibility, or effective tax administration. The last condition requires that the tax payer is ineligible for the previous two. As you can see, trying to stop wage garnishment and manage significant tax debt on one’s own is a veritable labyrinth of nuances, and Community Tax Relief works to help their clients without taking advantage of the situation. Read more.