How to Stop IRS Wage Garnishment: Stop IRS Garnishment
There are two different methods that can be used to stop an IRS wage garnishment. The first is to resolve your tax problem and the second is to cancel out the effects of the levy. The most ideal method would be to resolve your problem with the IRS. There are only a few cases where it may be difficult to resolve the problem with the IRS and you have to take other measures while you buy time to resolve your problem.
Resolving your Tax Problems to Stop the Wage Garnishment
In order to resolve your tax problem you must get back into good standing with the IRS. In order to get back into good standing you must either pay the IRS the taxes that are owed or come to some other form of agreement to pay the taxes back over time. Below are the common method used to pay or settle taxes:
- Pay the IRS in Full – While this might sound like the most obvious method you may be able to pay back the IRS in full even if you can’t really afford too at the time being. Finding some other way to pay the IRS in full can be a good option especially because if you don’t, the IRS may take money form you that you need for your required bills to live.
- Enter into an Installment Agreement – If you enter into an installment agreement and have the agreement accepted the IRS will stop the levy. With an installment agreement the IRS will allow you to pay back the taxes you owe in monthly increments until they are fully paid off as long as you can keep up on the monthly amounts and you can pay off the entire amount in a period less than 3 years.
- File for an Offer an Compromise – An offer in compromise is a method that allows a taxpayer to settle their taxes for less than the total amount owed. The IRS is very selective about who qualifies for this settlement program. People who are being faced with bank levies tend to qualify for these types of agreements. If you want to consider this form of settlement it is a good idea to talk with an offer in compromise professional to see if you will qualify. Once you file for an offer in compromise it will stop collection actions while your case is reviewed.
- Hire a Wage Garnishment Professional – When dealing with IRS wage garnishment it is highly suggested that you seek professional help to stop the garnishment. A tax professional can quickly analyze your financial and tax situation and find the best method you can use to resolve your tax problem. They may use a combination of tactics in order to stop the levy depending on your situation. The IRS likes working with professionals in these types of situations and is more likely to give a professional a more favorable deal than an ordinary taxpayer.
If you cannot resolve your tax problems using any of the above then you can consider the following methods in order to temporarily stop the levy or cancel out the effects of the levy.
- Get Declared Uncollectible – The one thing to note about the IRS is that they do not want to collect from individuals if it were to leave them without enough money to feed their family or put a roof over their head but will continue their collection mechanisms even if this were the case unless it is proven to them. Many times collections can be temporarily paused for months and up to years if a taxpayer can prove that their financial situation is bad enough that it would be unfair for the IRS to collect.
- Change Employers – If you change employers this will slow the IRS down. Once you leave your current job the IRS will not have any more funds to seize. Once you find another job the IRS will have to track down the new employer and reissue an IRS wage levy with that employer which may take up to a few months. This is an option only if you are trying to buy time.
- Temporarily Quit – If you have a trusting employer that will allow you to temporarily quit your job then this can slow down the IRS as well. If you quit and are taken off the books then the wage levy ends. Once you get hired back on again the IRS will take some time to figure out what happened and will have to reissue the levy again. This can buy several months of time in order for you to settle your taxes in another manner.
- File for Bankruptcy – Filing for bankruptcy will stop wage garnishment. While this is not a suggested method, it will stop the levy temporarily and possibly for good. Sometimes bankruptcy does not settle tax debts and the IRS can take collection actions after the bankruptcy is through. It is a good idea to look at other tax settlement methods before considering bankruptcy. If you are a candidate for bankruptcy then it is possible that you may qualify for the offer in compromise.
- Appeal the Tax Levy – If you don’t agree with the levy that has been filed it is your right to appeal it. Even if you didn’t appeal within the 30 days that your notice of intent to levy mentioned, you can still appeal the levy.
Wage garnishment is not something that should be taken lightly. If you don’t take action the IRS will continue to garnish your wages until they have collected enough money in order to pay for the entire tax amount owed plus penalties and interest. If you are like most people and can’t afford to have the IRS do this it is important to take action. The IRS can be stopped and an agreement can be made where it will be reasonable for even the taxpayer in the toughest financial situation.
Wage Garnishment Release & Help
IRS Wage Garnishment Information
Understand how a wage levy works, the process, the laws, finding help and how to stop.
IRS CP Notice 90/297 Notice of Intent to Levy
What this notice means and what to do. A notice of intent to levy should not be ignored. The IRS will levy unless action is taken on the tax payers end.
Wage Garnishment Help
Do you need help stopping a wage garnishment? Stop the garnishment quickly with the assistance of our experienced team of tax professionals. Understand the benefits of hiring a tax professional to help with your garnishment.
IRS Wage Garnishment Rules
Understand how IRS wage garnishment works and the different laws and rules associated with the garnishment of your wages.
What If the IRS Garnishes My Wages?
Understand your options of what you can do if the IRS garnishes your wages. If the IRS is garnishing your wages it means you have not resolved your tax debt. Follow these stops to stop the garnishment and settle taxes.
Appeal IRS Tax Levy
If you don’t agree with the IRS’s choice to levy you have the legal right to appeal. Understand how to file for an appeal and how the process works
Settle Back Taxes
Ways to settle your taxes owed with the IRS to get back into good standing.
More Tax Levy Information
Other forms of IRS Levy. Solutions to dealing with different forms of IRS levies.