LOS ANGELES, CA, February 28, 2011 /24-7PressRelease/ -- Once the IRS establishes that a taxpayer has not fulfilled his financial obligations to them, they are relentless in collecting. Often times, the IRS will file a wage garnishment against the taxpayer instructing the employer to withhold a portion of the employee's income which goes to the IRS. This usually comes as a surprise and is always upsetting to the taxpayer.
Raymond B. (Coal Port, PA) came to the Blue Tax offices after the IRS had filed Substitute for Returns for the years of 2005 and 2006, two years in which Raymond had not filed income taxes himself. The IRS had concluded that Raymond owed over $42,000 in back taxes and penalties and subsequently had instructed his employer to withhold $4,127 per month in garnishing fees.
Once Blue Tax had determined which years had not been filed, they had the client's taxes prepared from those missing years and filed them right away. As soon as the taxes were filed, Blue Tax was able to negotiate a lower garnishment from $4127 to $300 per month. However, the final goal was in getting the wage garnishment released and getting client on an Installment Agreement, or Payment Plan.
Once the returns had posted, Raymond's original debt of $42,000 from the Substitute for Returns, was reduced to just over $9,000. Blue Tax was subsequently able to get the full release of the wage garnishment as well. Blue Tax the secured the client on an Installment Agreement for only $150 a month. This case is still in progress as the Blue Tax team has now filed form 843 requesting a penalty abatement on his account. Raymond was incredibly relieved that he no longer had to deal with the IRS or worry about them coming after his wages. Taking this huge weight off his shoulders was the Blue Tax team's pleasure!
For more information about Blue Tax and its ability to help taxpayers resolve their tax problems, please visit www.BlueTax.com or call (888) 310-5858 for a free confidential consultation.
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