How to Stop Wage Garnishments

When you owe the IRS, they will stop at nothing to collect on that debt. If tax debt goes unpaid, the IRS resorts to tax liens and levies, but the most damaging may be the IRS wage garnishment. With a wage garnishment, the IRS can take money from your paycheck without you ever even seeing it first.  Unlike an IRS bank levy, an IRS wage garnishment is immediate and continuous.  Knowing how to stop wage garnishments will be crucial to minimizing the financial impact.

IRS wage garnishments are one of the most damaging and aggressive of the IRS collection tactics. The IRS can seize 50-75% of your pay, leaving you with barely enough to cover basic necessities.  The taxpayer’s employer will be notified to withhold a portion of the employee’s wages to be paid directly to the IRS or face penalties themselves. For the self-employed, the IRS sends the wage garnishment to the taxpayer’s customers. Amounts owed by customers is required to be sent directly to the IRS. A wage garnishment can have a serious adverse affect on a taxpayer’s finances and/or job.  In some case involving security clearance an employee could be terminated for not being compliant with their taxes.

Additionally, the IRS can also levy against:

  • Social security
  • Welfare
  • Disability
  • Pensions
  • Stocks
  • Mutual Funds
  • IRAs

You must follow a precise process to release a wage garnishments and select from various IRS relief programs, including:

Installment Agreement

• Partial Payment Installment Agreement

• Currently Not Collectible

• Streamlined Installment Agreement

Offer in Compromise

In must circumstances the taxpayer will need to be compliant with their tax filings and any unfiled returns will need to be submitted.

To learn more about how to stop wage garnishments call today for a free consultation to determine the best program for you!