IRS Wage Garnishment | Stop IRS Tax Levy Today | Flat Fee Tax Service
Updated: Jun 28, 2019
IRS WAGE GARNISHMENT - STOP AN IRS TAX LEVY
While it may seem hard to believe, the IRS does not want to have to deal with garnishing your wages any more than you do. So, there are several ways you can stop an IRS wage garnishment even after it has been initiated. Here are some methods of stopping a wage garnishment (#irswagegarnishment):
1. Pay your tax debt in full.
2. Enter into an installment agreement with the IRS to pay all taxes due.
3. Submit an IRS settlement agreement through the Offer in Compromise program.
4. File for bankruptcy. (This does not release you from having to pay your tax debt in full, but it can stop the IRS from garnishing your wages for collection purposes.)
5. Quit your job. (This is not an optimal solution. While it is true that the IRS cannot garnish wages if you have no wages, the IRS can still seize personal and real property to collect the debt, and you will be out of a job.)
What If the IRS Wage Garnishment is Creating Hardship for Me?
First off, it is good to understand how the IRS defines a “hardship” (#currentlynotcollectible). While you may think that garnishing a large percentage of your paycheck every pay period creates a hardship, the IRS may not agree.
This is what the IRS says about a hardship: “An economic hardship occurs when we have determined the tax levy prevents you from meeting basic, reasonable living expenses. In order for the IRS to determine if the tax levy is causing hardship, the IRS will usually need you to provide financial information so be prepared to provide it when you call.”
If the IRS determines that the wage garnishment is, indeed, creating an economic hardship for you, they may release the levy. However, this does not mean that your tax debt is forgiven. You will still be liable for paying your tax debt even when the levy is released and your employer is no longer required to garnish your wages.
How Can I Avoid an
IRS Wage Garnishment?
The best way to avoid a tax levy or IRS wage garnishment is to file and pay your taxes when due. If that is simply not possible, you can:
a. file for an extension
b. set up a payment plan with the IRS
c. make a settlement agreement with the IRS
The most important thing to remember is that you need to respond to any and all notices you receive from the IRS as promptly as possible. Even if you cannot pay your tax debt, it is still imperative to contact the IRS to discuss all your options.
Where Can I Get Help to Handle an
IRS Wage Garnishment?
If you are uncomfortable dealing directly with the IRS to try to resolve tax problems, you may find it helpful to hire a tax attorney to help. Our tax professionals are well versed in handling all tax related issues, and can be an invaluable aid to you because they know the ins and outs of tax law, and are well aware of tools that can be used to improve your tax situation.
OUR IRS TAX RELIEF TEAM WILL STOP AN
IRS WAGE GARNISHMENT IN ONE DAY
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A tax professional like the IRS Tax Attorneys at Flat Fee Tax Service, Inc.can offer much in the way of help with wage garnishment issues.
If your wages are already being garnished, our IRS Tax Attorneys (#IRStaxattorneys) may be able to put a hold status on your garnishment while he or she works to negotiate a settlement agreement with the IRS. This means that you would still have access to your funds as long as the settlement is being negotiated.
By analyzing your financial, tax, and employment situation during our initial consultation, our IRS tax relief team can help you determine the best type of tax settlement for your particular situation. Then, after reaching a settlement, you can once again enjoy a good standing with the IRS.
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