Yes, the IRS has the authority to garnish wages if taxes remain unpaid. However, before they take action, the IRS will typically send several notices. If you’ve received such notices, it’s crucial to act immediately. A tax resolution professional can help negotiate a payment plan or other arrangements to avoid wage garnishment.

The Offer in Compromise program allows taxpayers to settle their tax debt for less than they owe. Eligibility depends on your income, expenses, assets, and overall ability to pay. Tools like the IRS Pre-Qualifier Tool (linked below) can give you an idea, but working with an experienced CPA ensures a thorough evaluation.

Keep receipts, bank statements, W-2s, 1099s, and any documents related to income and expenses. Business owners should also retain payroll records, invoices, and mileage logs. Generally, the IRS recommends holding onto tax documents for at least 3 years, but for certain situations, it may be longer.

To minimize audit risks, ensure your tax filings are accurate, complete, and well-documented. Avoid red flags like excessive deductions or unreported income. Working with a professional ensures compliance and reduces errors that may trigger an audit.