Pay Taxes and Clear Debts to Avoid Costly Penalties


Stop wage garnishment

In order to support the Civil Ware effort, in 1862, Congress enacted the first income tax law of the nation. Later, in 1913, the 16th Amendment to the Constitution made the income tax a permanent piece of the U.S. tax system. Although those acts are meant to benefit the public, many find themselves facing IRS garnishments because they have been unable to achieve tax debt relief. Unfortunately, either by mistake or design, many individuals do not pay their taxes. If that is the case, they might need to seek some kind of tax relief help in order to avoid costly IRS garnishments.

IRS garnishment occurs when an employer is forced to withhold the earnings of an individual, in accordance with a court order or other legal equitable procedure, for the payment of a debt. In order to stop wage garnishments from happening, individuals will want to make sure that they get any help with back taxes that they might need in order to clear debts and avoid IRS garnishments. One way to do so is with the Offer in Compromise, or OIC, program, which allows qualified individuals who have an unpaid tax debt to negotiate a settled amount that is less than the total owed in order to erase the debt.

In 2001, President George W. Bush signed a series of tax cuts into law. The Economic Growth and Tax relief Reconciliation Act was the largest of them. Despite that, some have struggled to pay taxes and has to face tax penalties like IRS garnishment. The best way to avoid Irs garnishments and other penalties is to promptly pay any taxes that are owed.

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