How to stop IRS garnishment of wages?
Stop IRS Garnishments
This is one of many ways the IRS uses to garnish wages as a way to collect your unpaid tax debt. Although there are various ways of going after unpaid tax debt like liens and levies, the IRS wage garnishment is one of the most common due to its simplicity to access your wages without having to speak with you to receive any form of confirmation. However, prior to getting your wages garnished, there are two options you could do yourself.
- You can follow the process below yourself and figure out which option is best for you. However, you will need to communicate with the IRS to gather additional information.
- You can have a wage garnishment expert from Global Gate help you maneuver by doing all of the direct communication on your behalf.
What is the process of wage garnishment?
Wage garnishment is simply having the IRS access to your employer by instructing to garnish a certain percentage of your income wages every paycheck.
However, there are a couple of steps that must happen prior to the IRS garnishing your wages. Just remember this, the IRS will not garnish your wages prior to notifying you first via mail through three or more mail letter notices.
Usually the last and final notice, the IRS includes additional information instructing you how you have the right to appeal this notice.
What if a levy on my wages is causing hardship?
If a levy on your wages, also known as garnished wages, is causing you and your family an even harder financial situation, you as a taxpayer have the right to communicate with the IRS for potential solutions.
Again, you could communicate with the IRS yourself or have a wage garnishment expert like Global Gate CPA do it for you. Both will get you to the same solution however, doing it yourself will include learning new policies of what you can and can’t do.
The IRS is indeed open to helping you pay back the debt due by providing you additional ways you could go about lowering or stopping your wages garnished if it is causing an every harder financial situation.
Although there are temporary solutions to remove your wage from being garnished, the most prominent solution for you is by connecting with the IRS to help you fix your financial situation.
7 Ways to stop your wage garnishment!
Having your wages garnished is the most stressful and overwhelming experience as a taxpayer.
Prior to the IRS garnishing your wages there are a couple of steps that will happen prior to finding your wage being garnished by the IRS.
For starters, you need to have an overdue tax bill (this can include unfiled taxes and filed but unpaid taxes).
Additionally, the IRS must have communicated via mail about the tax debt owed a minimum of three times unless your situation is different.
1. Changing your employer for a short term solution
Changing your employer can be a temporary solution that won’t get you the solution you want.
Although it may relieve you from getting your wages garnished with your new employer, sooner or later the IRS will be in contact with your current employer.
2. Communicating with the IRS
When you communicate with the IRS, they will provide you multiple solutions that include: paying of your tax debt in full if you have the necessary means to do it, set up an installment plan, negotiate an offer in compromise, or declare bankruptcy which will provide you a long term solution from getting your wages from being garnished.
3. Pay off your tax debt in full
You could start by trying to see if paying off your tax debt in full is possible.
However, if you think it is not realistic there are options for you the IRS is willing to negotiate with you as long as they get their tax debt paid.
4. Set up a installment plan
If paying your tax amount in full is unrealistic, then we recommend you to start by setting up an installment agreement. If it is also unrealistic, you still have other options which include an offer in compromise.
5. Negotiating an Offer in Compromise
Negotiating with the IRS to allow you to decrease the original balance due to a lower amount, the opportunity to be able to pay a lower amount is always possible. For the offer in compromise, it might require a bit more understanding of the tax irs policies if you are planning on doing it yourself.
On the other hand, if you are having an expert like Global Gate help you, you will only need to provide us with the essential information to negotiate on your behalf.
6. Declaring financial hardship
If you think it is impossible to get this tax debt resolved, there are additional options at hand.
You could declare a financial hardship which allows you to completely remove the taxes owed to the IRS by showing the IRS that paying back the amount will cause even more hardship to you and your family.
However, this is also temporary and sooner or later you will have to face a long term solution.
7. Declare bankruptcy
Now, if you just think it is impossible and declaring bankruptcy is your most likely option this will place a hold on the garnished wages.
However, filing bankruptcy will only put a pause on it and will not eliminate your debt altogether.
In some cases, you could get your tax debt discharged through bankruptcy if you meet specific criterias.
FREQUENTLY ASKED QUESTIONS
How can I get the IRS garnishment removed?
Can you stop an IRS garnishment once it starts?
What is the maximum amount the IRS can garnish from your paycheck?
Here’s How It works:
Free Consultation
One of our tax expert will get the details of your situation and discuss your options for FREE
Investigation
Initiate client protection Establish communication with IRS Review case summary options (2-4 weeks)
Resolution
Establish IRS compliance Achieve the best resolution (3-9 months)
Freedom
Congratulation, your case has been closed (Done)