| The Arizona tax attorneys are always available to | | | | back to some more years back in time. |
| answer the queries of the taxpayers who are bugged | | | | What is meant by wage garnishment? |
| with the disputes over their annual taxes. Here are | | | | With the term wage garnishment, it means that a levy |
| among the common questions posed by the | | | | is imposed in another method. This method is |
| taxpayers as they get the chance to confer with the | | | | concerned with the manner of collecting the back |
| Arizona tax attorneys. | | | | taxes which a taxpayer owes the IRS. With regards |
| What is common the things to happen in the event of | | | | to the IRS attacks, the words levy and garnishment |
| an unfiled tax return? | | | | mean the same thing. The typical targets of the |
| Unfiled tax returns only signify one thing—and that is | | | | garnishment are your bank accounts and wages but |
| being in real trouble with the Internal Revenue Service. | | | | the rule may also apply to the seizure of your furniture, |
| If for example you owe IRS some taxes for about ten | | | | equipment, your home, your vehicles, and your other |
| years, then they will compute it all. They will try their | | | | valued possessions. |
| level best to reach you through your old address. If in | | | | Is any bank permitted to turn over an account to IRS |
| this event you have moved out of the country and | | | | without the concerned party's consent? |
| once you come back, IRS will go after you demanding | | | | When IRS imposes a levy on your account in the |
| your dues for your taxes in the entire year of your | | | | bank, your bank is legally bound to turn over whatever |
| absence. | | | | amount is in your existing account. It does not regard |
| When such case arises, you know one thing for sure. | | | | the fact as to whether it is your own money or not or |
| You know that you can be condemned for tax | | | | where you got your money. Keeping those monies in |
| evasion. This is a crime which is punishable by the law. | | | | your own account is enough justification. Most people |
| IRS will be very religious in sending you reminders. At | | | | keep direct deposits for the Social Security, pensions, |
| one point, these reminders will become unfriendly and | | | | child support, and many others but then the IRS does |
| you will just be shocked to receive a Notice of Intent | | | | not consume time to locate the source of the money. |
| to Levy all your wages and assets. | | | | At the time when the money gets deposited in an |
| Does it mean trouble for the unfiled tax returns that | | | | account which is under your name, it automatically |
| date way back? | | | | loses its own identity. |
| It is in fact very much complicated if your unfiled tax | | | | When will these levies on the bank account be |
| returns trace to at least six years backwards. It is so | | | | stopped? |
| because the files are kept in storage and it will need | | | | In comparison with the wage garnishment, a levy in |
| enough concerted effort to locate those records. An | | | | your bank account will only happen once. Meaning, the |
| agent will need to browse through all of the kept files | | | | next batch of money that gets deposited in your |
| to be able to gather them all. You can just imagine | | | | account will solely be yours again. |
| how difficult it could be if your unfiled tax returns date | | | | |