IRS & State

IRS Tax Attorney Atlanta

The Ansari Tax Law Firm is comprised of attorneys of counsel with strong accounting backgrounds, Masters in Tax Law, and a dedicated focus to structure our clients’ tax transactions.

Tax Audits

The firm handles matters from the receipt of an initial audit notice through litigation. We have the know-how to not only do a detailed review of your records with the eyes of a CPA but also to aggressively argue on your behalf as an attorney in front of the U.S. Tax Court, IRS, and Georgia Department of Revenue.

Our firm has successfully handled Tax Controversy Matters for clients ranging from small, one-owner businesses to global, publicly traded companies and every size in between. By choosing the Ansari Tax Law Firm to represent your company (or your client’s company) in audit, tax, or criminal disputes, you can rest assured that you have made the right choice.

IRS Wage Levies

Once the IRS sends you an “intent to levy” notice, they will contact your employer and begin to levy your wages.

• 1099 Income: The IRS may levy up to 100% of your paycheck.

• W-2 Income: The IRS will usually levy up to 82% of your paycheck.

At our law firm, we specialize in bringing our clients to a 100% compliance level with the IRS. That is the first step in getting rid of your wage levy. Once that problem is solved, we negotiate a payment plan on your behalf.

Asset Seizures and Wage Garnishments

When the IRS has tried to collect back taxes unsuccessfully, they will begin to seize assets. By not opening letters or returning phone calls, they will take the next step. This process is called a “levy.” When they attach wages, it’s called a wage garnishment.

Wage garnishment (officially called a Wage Levy) can be the most stressful and humiliating of all collection tactics. The IRS does this to force taxpayers into compliance. Almost nothing is worse than having your wages garnished by an IRS wage garnishment.

By contacting Michigan IRS tax relief attorney Ansari, we can work towards preventing or stopping wage garnishment.

When the IRS files a wage garnishment, the taxpayer’s employer must:

• Intercept a percentage (up to 90%) of each paycheck

• Forward that percentage to the IRS

Wage garnishments remain in effect until the taxpayer’s IRS back taxes are paid in full or a formal release is negotiated with the IRS.

Factors that affect how much the IRS can withhold include:

• Marital status

• Number of dependents

Help Stopping Wage Garnishment by the IRS

Our office realizes that the loss of income can be destructive and devastating to individuals and families.

Immediately upon retention, we:

• Start negotiations with the IRS for a release

• In most cases, get wage garnishments stopped on our first contact with the IRS

• If not, determine what is required to end the wage garnishment

• In most instances, secure releases before our client’s next paycheck

Interest Rate on IRS Tax Debt

Is there an interest rate on IRS tax debt?

The answer: The interest rate is the federal short-term rate plus 3%. The federal short-term rate is determined every three months.

If you are on an IRS payment plan/installment agreement, then this issue most likely pertains to you.

At present:

• Federal Short Term rate is 0.41%

• Add 3% under IRS rules for the interest rate

Example:
If you owe the IRS $60,000.00, then you would pay an additional $5,345.00 in interest (assuming the interest rates in the paragraph above did not change).

Note:
In addition, a 5% interest penalty will accrue on your balance throughout the payment plan.