dfdfgfgfgdfdfdfdfHow To Stop Wage Garnishment OR IRS Wage Levy

Presented by

Call us at: 631-244-1650 http://www.longislandtaxresolution.com/

Call us at: 631-244-1650

1. What Is An IRS Wage Garnishment?

• A wage garnishment is a court order requiring your employer to withhold a certain dollar amount from your pay check and send it directly to the person or institution to whom you owe money, until your debt is paid off.

Call us at: 631-244-1650

2. Who Does The IRS Issue Wage Garnishments or Wage Levies On?

• The U.S. Tax Code allows the IRS to acquire a portion of a taxpayer’s wages.

• The IRS can also garnish income that a taxpayer earns as an independent contractor or self-employed individual.

• A portion of each pay check is free from the IRS levy.

• The tax code controls the amount the taxpayer keeps.

• If the taxpayer’s income is low or the total exemption amount is too high, a taxpayer’s earnings may be exempt from levies.

Call us at: 631-244-1650

3. How Is An IRS Wage Garnishment Calculated?

• Taxpayer’s standard deduction amount is added to the total claimed exemptions amount.

• The formula then divides that total amount by 52.

• The result determines the amount exempt from garnishment.

• The resultant non-exempt amount for each pay period goes directly to the IRS.

Call us at: 631-244-1650

4. An IRS Wage Garnishment Is Ongoing

• A levy on a taxpayer’s wages and salary does not have a termination date.

• The levy attaches to future payments, until the levy release is issued.

• Wages and salary include fees, bonuses, and commissions.

Call us at: 631-244-1650

5. How to Stop an IRS Wage Garnishment?

• In order to resolve your tax problem you must either pay the IRS the taxes that are owed or come to some other form of agreement to pay the taxes back over time. Below are some common methods used to pay or settle taxes:

Call us at: 631-244-1650

6. Contacting the IRS

• Contact IRS immediately is the best course of action.

• Contact upon receiving the Demand for Payment or after receiving the Notice of Intent to Levy.

• Each notice contains a contact telephone number to call for dealing with the impending levy.

Call us at: 631-244-1650

7. Enter Into an Installment Agreement

• The taxpayer or their representative should try to negotiate a wage levy release.

• Settle the tax debt through an immediate installment payment plan.

• Once the installment payment plan is accepted, the IRS will stop the levy.

Call us at: 631-244-1650

8. Appeal A Wage Garnishment

• The taxpayer can appeal a wage garnishment.

• The taxpayer should use IRS form 12153 to appeal a wage levy.

• The taxpayer sends the form to the address on the Notice of Intent to Levy.

Call us at: 631-244-1650

9. Filing An Offer in Compromise

• Once you file an offer in compromise, IRS will stop all collection activity.

• The IRS is very selective about who qualifies for this settlement program.

• If the IRS decides that the offer was a delay tactic, they will quickly reinstate the levy.

Call us at: 631-244-1650

10: Changing Employers

• The wage levy does not follow the taxpayer when changing employers.

• The IRS does not require that it be informed of a job change by either the taxpayer or the employer.

• IRS must locate the new employer to issue a new levy.

• The taxpayer should never change jobs just to escape a wage levy.

Call us at: 631-244-1650

11: Filing For Bankruptcy

• A bankruptcy filing will also terminate a wage levy.

• The taxpayer should carefully research and analyze the potential for discharge of tax debt.

• Some taxes are ineligible for discharge in bankruptcy.

Contact US

Contact Long Island Tax Resolution Services to Stop A Wage Garnishment.

Our tax experts will determine the best tax resolution option for you.

Visit: http://goo.gl/wLO8bJ to find more solutions to handling IRS wage garnishment and help.

Call us at 631-244-1650

Follow Us On

Call us at: 631-244-1650