Its always a nice feeling when you are near to your payday. And furthermore, it can be exciting enough when you have some extra cash left over after paying off your debts. You read the check and it is actually a portion of exactly what it usually is. You figure out that the IRS has put a wage garnishment against your income. To make it even more worse, its costing you more than half of your pay check.
All your good moments suddenly come to an end. The IRS is garnishing your wages and it looks severe and worse. You are in deep shock and don’t know what to do next. Managing your general expenses now seems like a big burden on your shoulder. Your fixed income can be garnished, no matter you are on social security or disability.
When the IRS gets involved, they will put their hands on every source of income that you are receiving. You cannot escape from the eyes of the IRS. The damages of IRS tax levy is always a big one. At this time, everything appears extremely dismal.
Do not give up hope. There is always light at the end of the tunnel. There are ways by which you can remove an IRS wage garnishment. Although there are some stipulations, they are much more advantageous compared to continuous loss on 1/2 of your salary each week. Follow the steps mentioned below to remove a wage garnishment.
If you have received a wage garnishment from the IRS, it is advised that you talk about a pay out with them. You can take the help of a tax specialist skilled in IRS tax levy issues and tax debt settlement. While you are discussing the terms with the IRS, recovery routines are usually put on hold until you find a solution. You are required to meet the terms of the negotiation agreement otherwise you will be in the danger area.
Talk with the IRS and get on a repayment schedule. You shell out a certain amount to the IRS every month. As long as you are making the payments, your IRS wage garnishment is going to be removed. The IRS will decide what the settlement amount is going to be.
Be proactive in order to avoid grievous tax issues before they start. IRS Collections processes like a wage garnishment are inconceivable to annul if you owe the IRS. You must talk with the Instant Tax Solutions to resolve your grave tax problems.
Helpful links:
http://www.dol.gov/compliance/guide/garnish.htm
This entry was posted on Monday, June 11th, 2012 at 3:11 pm and is filed under IRS, Wage Garnishment. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.