HOME

Saturday, March 7, 2015

Yes, an IRS Wage Garnishment Can Be Stopped

You received a notice from the IRS 30 days ago stating their intention to garnish your wages as payment for your back taxes, and you chose to ignore it. Now that it’s payday, you check your wage account and discover that the IRS has taken most of your money. What they left you with is not enough to pay for your necessities.

You must act quickly, because this is just the beginning of your problems. When an IRS wage garnishment is in place, an amount will continue to be deducted from your wages until the tax you owe is paid in full. Pretty soon, you’ll be in deep financial trouble—one that you may find impossible to get out of.

An IRS wage garnishment can still be stopped, even after the IRS has started to garnish your paycheck. Despite their drastic measures, the IRS actually prefers that you coordinate with them and forge some other form of payment arrangement than to proceed with the garnishment. The best solution is to pay the IRS in full. If that’s not possible, you can choose to enter an installment agreement or file for an Offer in Compromise.

There are many other solutions to an IRS wage garnishment issue. All may be revealed to you when you consult with a knowledgeable tax attorney.

No comments:

Post a Comment