A wage garnishment or levy is a measure that allows the IRS to claim a portion of your salary before you get access to it. It is always best to avoid this type of penalty, but tax problems can easily become unmanageable causing a lot of taxpayers to experience it. It is important to note that your employer cannot refuse to honor the enforcement once he or she receives notice; therefore, it is necessary to learn how to stop wage garnishment the minute you are faced with one.
How to Stop Wage Garnishment
The point of an IRS wage levy or garnishment is to recover the tax amount that you owe. This means that the easiest way to remove a wage garnishment is to settle your back taxes. If, however, you are unable to pay the sum you must then seek some form of relief.
Relief options include an installment agreement which is a payment plan that allows you to make smaller monthly payments as well as slash the interest being incurred. You may also apply for an Offer in Compromise (OIC). An OIC is an agreement with the IRS that allows you to pay a much smaller sum than the original tax debt.
Options such as Innocent Spouse relief and bankruptcy also exist, but strict conditions must be met. You can also consider filing delinquent returns (if any) and be sure to find all the deductions you qualify for since payments from returns will be withheld to reduce the balance you owe. The best thing to do at this point is to speak with a trained and certified tax professional to see how you should proceed in light of your circumstances.
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