The IRS is getting ready to take your paycheck again
COVID-19 has caused many tax problems, but some taxpayers received a reprieve from the IRS when they released their “People’s First Initiative” back in March. Basically, the IRS realized businesses were shutting down and millions of people were losing their jobs. If people are not working, they don’t have money to pay the IRS. As a result, the IRS decided to step back and hold off on most new collection activities. That means that most people who were on track to have their wages garnished in April or have a lien attached to their home in May did not actually have anything happen. This program officially ended on July 15th but the IRS didn’t actually start back up right away.
Recently, we were notified that the IRS has turned their printers back on and the letters are starting to go out again. The series of letters that are being sent now include the one that gives them the right to levy your bank account and garnish your wages.
With my focus being on representing people in front of the IRS to resolve tax problems my goal is to help as many taxpayers as possible avoid, or stop, levies and wage garnishing. When you receive a letter from the IRS threatening wage garnishing or a levy you don’t have to face the IRS alone. Our team here at Vector Tax & Accounting can take over all communications with the IRS and work to achieve the best possible outcome for you.
If you have tax problems that need to be resolved, please, call our office at (860) 580-5183 to find out if you are a good match for Vector Tax & Accounting’s Tax Relief services.
Joseph Orabona, EA
576 Elm Street
Windsor Locks, CT 06096