The IRS wage garnishment is a legal process for those who owe a debt to the IRS due to unfiled tax returns. This legal process allows the IRS to deduct a certain amount of money from an employee’s paycheck till the time the entire debt amount is cleared.
If you owe taxes to the IRS and do not answer calls or payment notices were given to you, the IRS may be able to garnish your wages. Having your salary deducted for months can make it difficult for you to sustain and carry out other debts. Hence, you need to know the ways how to prevent IRS wage garnishment.
Preventing IRS wage garnishment
The best way to avoid such a challenging situation is certainly by paying your taxes annually and refraining from building up any debts.
Paying the debt all at once
The IRS stops looking for you once you are off your debts in full. Try the best legal ways with the help of a professional tax consultant to stop mage garnishment.
Compromise with the IRS
Make an offer in compromise with the IRS with the help of a competent tax lawyer to help in determining the best offer.
Make a payment schedule
Try to negotiate and you might avoid IRS wage garnishment. You will have three years to pay off your debt if you do this. Unless you have a similar history of failing to make payments, the IRS will typically allow you to choose this option. When you are almost done paying it off, ask for a reduction in the first-time penalty.
Declare financial difficulties
Convince the IRS about your financial problems due to wage garnishment and you might be granted a time extension or even cleared off from wage garnishment.
No one wants to fall prey to IRS wage garnishing as it can be quite distressing. Hence, follow the process to either stop or prevent such a situation.
