What is IRS Wage Garnishment?
IRS wage garnishment is a legal process where the Internal Revenue Service (IRS) deducts a portion of your paycheck to settle unpaid tax debts. This can create financial hardship, leaving individuals struggling to meet their daily expenses. If you’ve received a notice of intent to levy, it’s crucial to act quickly to stop IRS garnishment and regain control of your finances.
How to Stop or Reduce IRS Wage Garnishment
Fortunately, there are several legal methods to remove a wage levy and protect your income. Here’s a step-by-step guide to stopping IRS wage garnishment:
1. Pay the Tax Debt in Full
The fastest way to stop IRS wage garnishment is to pay off your total tax debt. If full payment isn’t feasible, consider other options below.
2. Set Up an Installment Agreement
An IRS installment agreement allows you to make manageable monthly payments. Once an agreement is established, the IRS will typically release the garnishment.
3. Apply for an Offer in Compromise (OIC)
An Offer in Compromise lets you settle your tax debt for less than what you owe. If approved, the wage levy may be lifted.
4. Claim Financial Hardship
If the garnishment causes significant financial hardship, you can request a Currently Not Collectible (CNC) status. This temporarily stops the wage levy.
5. File for Bankruptcy
In some cases, filing for bankruptcy can halt wage garnishment. However, this should be considered a last resort after consulting a tax professional.
6. Seek Professional Tax Debt Relief Services
Negotiating with the IRS can be complex, but tax relief professionals can help you explore all available options to remove a wage levy efficiently.
How American Tax Defense Can Help
Dealing with the IRS alone can be overwhelming. American Tax Defense specializes in tax debt relief services and can help you:
- Negotiate with the IRS to stop wage garnishment quickly.
- Set up an installment agreement that works within your budget.
- Determine eligibility for an Offer in Compromise to settle for less.
- Protect your wages while resolving your tax debt effectively.
Take Action Today
If you’re facing IRS wage garnishment, don’t wait. Contact American Tax Defense for expert assistance in stopping IRS garnishment and securing financial relief. Call us today to discuss your options and protect your income.
