What is Wage Garnishment?
When the IRS or state has failed repeatedly to collect back taxes, they begin to seize assets. This process is called a “levy.” When they attach wages, it’s termed a “wage garnishment.” After providing either ten, thirty, or sixty-day notice through certified mail, they are legally allowed to seize bank accounts, demand payment from accounts receivable, take control of the property for auction, and assume title on vehicles. Virtually anything of value can be seized to satisfy the outstanding debt.
Levies and wage garnishments are the most crippling and humiliating of all collection tactics. They’re designed to force taxpayers into willful compliance. Thankfully, our staff has years of experience lifting levies and wage garnishments quickly and painlessly and is fluent in all aspects of the IRS Restructuring and reform act of 1998. Depending on the type and severity, it usually takes only 2-10 business days for us to successfully lift either. If a bank account has been levied, we are usually able to revert up to 90% of what was taken back into the account.

Great Accounting Firms Share These 10 Traits
Great Accounting Firms Share These 10 Traits which has gone far beyond the paper-pushing days and now involves acting as a virtual CFO

Tax Accountant in Miami Cope with IRS Tax Season Delay
Tax Accountant said IRS delays start of tax season for individual returns would be postponed until February 17 with some as late as March

Miami Accountants Philosophy of Up or Out
Its up or out for Miami Accountants firms are faced with the dilemma of keeping long-term managers that are not ready to be equity partners or let them go.

Contadores en Miami Explican Auditorías del IRS
Contadores en Miami, Gustavo A Viera CPA, explica los pasos de una auditoría, desde la notificación de la auditoría hasta el cierre de la misma

How Accountants in Miami Increase Client Satisfaction
How Accountants in Miami Increase Client Satisfaction. If you are an Accountant not focused on improving your level of client satisfaction, you should be.

Fiat money
Fiat money is made legal tender by a government decree or fiat. It does not have intrinsic value. It has value only because a government maintains its value
Home » Blog » Accountants in Miami » What is Wage Garnishment?