What Has Happened – An IRS wage garnishment, also called an IRS wage levy, is one of the most aggressive IRS collection tactics initiated to secure payment of back taxes. The IRS may have already considered a federal tax lien or a bank account levy, but those methods may not have given them the advantage they are looking for to collect your delinquent back taxes. Because you have been unable to resolve your tax debt problem, now you find yourself facing an IRS wage levy. Like most taxpayers, you do not know how to stop wage garnishments imposed by the IRS.

How The Wage Levy Will Impact You – IRS wage garnishment laws govern this levy process. Once the IRS initiates a wage garnishment, an Order to Withhold Notice is sent directly to your employer. Your employer is required by law to withhold a large percentage of each paycheck in accordance with the notice. Your employer may not refuse the wage garnishment or the IRS will hold them personally liable for any shortage that should have been withheld from you and sent to the IRS. Under wage garnishment levy laws, there is a formula to be used by your employer to calculate the wage garnishment deductions. The IRS formula takes your filing status and claimed exemptions into account, and then allots you a certain amount to live on from your own paycheck. The IRS will take the remainder of your paycheck through the wage garnishment levy to settle your back tax debt. You will find that after the IRS takes “their share” of your paycheck via this wage garnishment, there will be little remaining for you to pay even your basic living expenses. For this reason, an IRS wage garnishment can be financially ruinous and requires your immediate attention to find a fast tax relief solution.

What You Should Do Now – If the IRS has imposed a paycheck wage levy garnishment, this will stay in effect until your back tax debt is paid in full or until the IRS agrees to release the garnishment. Obviously, you need to act quickly and seek tax advice from tax attorneys or tax advisors to have this IRS wage garnishment lifted. If you have unfiled back tax returns, the IRS will not release a wage levy. Tax attorneys specializing in IRS wage levy problems can also complete your back tax returns to position you to have the wage garnishment levy released. There are very specific IRS rules and procedures related to wage garnishments. Tax attorneys and tax reduction advisors are familiar with all IRS wage garnishment laws. We strongly recommend expert tax assistance to handle your IRS wage levy garnishment. Your financial future is hanging in the balance. Our tax relief evaluation is free so get the wage garnishment help you need today!