What To Do About An IRS Wage Levy Or Garnishment
The IRS is a serious creditor, and will undertake serious collection action when you owe back taxes. The agency may place a lien on your property, making it difficult to obtain credit or sell your collateral and can also garnish your wages in their effort to collect past due taxes. A wage garnishment is a legal tool that acts to take money out of your pay check before it’s even received by you. Having your wages garnished causes significant financial hardship, because your pay check is not as much as you are used to or expect. To avoid the disastrous financial impact caused by an IRS wage garnishment or levy, take action!
A garnishment impacts your wages by causing your check to be less, which can cause a ripple effect on your bank account if you have auto payments established. Having less money in your account than needed when bills come due is a serious financial hardship. When an IRS wage garnishment causes you undue financial hardship, you should:
- Immediately call the IRS at the number on the wage garnishment to discuss your finances.
- Engage in negotiations that result in a repayment plan that works for you.
- Be honest with the information you provide the agency.
A successful negotiation with the IRS should result in the agency agreeing to release the garnishment. This will result in your pay check returning to the normal amount, and allowing you to safely budget your monthly expenses based on your anticipated monthly pay. Dealing with the IRS is not an easy job though, and many taxpayers find themselves in need of assistance. Our team of skilled legal tax professional has experience negotiating on behalf of taxpayers, for workable solutions based on your budget.
For help having a wage garnishment released by the IRS, call our office for assistance. Let the professionals at Nielsen Law Group negotiate with the IRS on your behalf for a resolution that works for you. Call (480) 888-7111 or submit a web request here.