Stop Wage Garnishment From IRS
If you fail to pay your taxes, you can expect the IRS to eventually go after your wages. To stop wage garnishment from the IRS, you need to understand what is happening.
Stop Wage Garnishment From IRS
Whether you like it or not, you must pay federal taxes on your income. If you fail to do so, the IRS will make attempts to motive you on this score. If you continue to procrastinate, you can expect the IRS to take very aggressive action in the form of a wage garnishment with your employer.
A wage garnishment is simply a way for the IRS to collect past due taxes without your help. The IRS serves a notice of wage garnishment on your employer, which requires the employer to send a percentage of your paycheck to the IRS until the tax debt is paid. The specific percentage depends on a number of factors, but typically is in the 35 to 70 percent range. That’s right, you can lose up to 70 percent of your pay in a wage garnishment from the IRS. Although this can kill you financially, you usually know it is coming and have plenty of warning.
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Prior to seeking wage garnishment, the IRS must jump through a number of procedural rules. First, the IRS must determine there is a tax deficiency and send you a notice and demand for payment. Second, you must fail to pay the tax in the allotted time. Third, the IRS must then send you a notice of intent to levy and your right to a hearing. If you fail to take action during these steps, the IRS will then have the right to pursue wage garnishment.
Wage garnishment is an unmitigated disaster for anyone. The IRS knows this and uses the wage garnishment as a tool to get you back in the system.
To stop wage garnishment from IRS, you must take action. You should immediately contact a tax attorney or professional to represent you before the IRS. This person should be able to negotiate a reduction in the garnishment or an alternative payment plan that stops the wage garnishment from the IRS. In some case, the tax profession can argue that your situation is one in which you will never be able to pay the tax and the IRS will simply release the garnishment and go away.
Make sure you take action to get the IRS off your back! The IRS will not stop the wage garnishment until the tax is paid off.