IRS Wage Garnishment Release
What You Need to Know
If you’re facing an IRS wage garnishment, it can be a stressful and overwhelming
experience. However, there are steps you can take to release the garnishment and get back on track with your finances. This guide will provide you with all the information you
need to know to navigate the process and find a solution.
Understand the basics of wage garnishment.
Wage garnishment is a legal process in which a portion of your wages are withheld by
your employer and sent directly to the IRS to pay off your tax debt. The amount that can be garnished depends on your income and the number of dependents you have. It’s
important to note that the IRS must follow specific guidelines and procedures before they can garnish your wages, including sending you a notice of intent to garnish and giving you an opportunity to appeal the decision.
Determine if you qualify for a release.
If you are currently experiencing an IRS wage garnishment, it’s important to determine if you qualify for a release. There are several circumstances in which the IRS may release a wage garnishment, including if you have entered into a payment plan or if the garnishment is causing financial hardship. You may also be able to negotiate a release if you can prove that the garnishment is preventing you from meeting basic living expenses. It’s important to consult with a tax professional or attorney to determine your options and eligibility for a release.
Consider hiring a tax professional for assistance.
Dealing with an IRS wage garnishment can be a complex and overwhelming process. If
you are unsure of your options or eligibility for a release, it may be beneficial to hire a
tax professional or attorney for assistance. They can help you navigate the process,
negotiate with the IRS on your behalf, and ensure that you are taking the necessary
steps to release the garnishment and move forward. While there may be a cost
associated with hiring a professional, it can ultimately save you time, money, and stress
in the long run.
Take steps to prevent future wage garnishments.
Once you have successfully released an IRS wage garnishment, it’s important to take steps to prevent future garnishments from occurring. This may include setting up a
payment plan with the IRS, ensuring that you are up-to-date on all tax filings and
payments, and seeking professional tax advice to ensure that you are in compliance with all tax laws and regulations. By taking proactive steps to manage your tax obligations, you can avoid the stress and financial burden of future wage garnishments.
