A wage levy or IRS garnishment is the most common form of forced collections used by the IRS. An IRS Wage Levy or IRS Garnishment is a forced collection. The IRS will contact the taxpayer's current employer and demand that the employer (entity or person holding your funds) withhold a percentage of the paycheck to satisfy the back tax liability. Employers must adhere to the demands of the IRS because if they don't, your employer will be responsible for the tax amounts that they should have withheld from your paycheck, wages or commissions. The IRS will continue to garnish your wages until they have collected the entire tax amount owed plus penalties and interest, until the Statute of Limitations has expired or the LEVY / IRS GARNISHMENT HAS BEEN RELEASED.
- Pay the entire back tax debt
- Enter into a formal Installment Agreement with the IRS - before you agree to a payment plan with the IRS, be sure that the amount is correct - can your tax debt be reduced due to "reasonable cause"
- Submit an Offer in Compromise and settle with the IRS
- Prove a Financial Hardship and be declared Currently not Collectible
- How much does the IRS claim that you owe? The more that you owe, the harder it is to have an IRS Garnishment stopped if you have unfiled tax returns. As an example, it would be easier for someone with unfiled tax returns with $15,000.00 in back tax debt to have an IRS Garnishment released than it would for someone with a $100,000.00 tax liability.
- Have you sent any "crazy letters" to the IRS regarding the Constitution and the validity of the IRS. The IRS tends not to take to kindly to these "letters" and will not be willing to "cut you a break".
- You will be required to commit yourself to having all of your tax returns filed within a short period of time. A short period of time would be 30 days or less.
IRS Tax Relief Help - Line:
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