31 May Interrupting IRS Wage Garnishment
Has the IRS brought a wage garnishment against you? This garnishment can be interrupted in one of two ways. One, it can be interrupted simply by settling your tax debt in a timely manner. And two, it can also be interrupted by negating the impact of the levy relating to your financial situation.
Unsurprisingly, the first, simple method is usually preferable to the second, complex method. If you think you might be able to settle your tax debt, then you ought to go about doing that immediately.
If, however, you don’t think you’ll be able to settle your debt on your own, you may want to consider negating the impact of the levy. To do this you’ll need to see to it that you have a sufficient amount of time to work.
Once you’ve found the time to tackle the problem, you’ll want to begin to understand the nature of the problem you’ve been saddled with. Realize that paying your debt is not your problem. Getting back in good standing with the IRS is, however, your problem. If you aren’t in good standing with the IRS then, as an extension, you aren’t in good standing with the U.S. government either. This is highly undesirable; it could, after all, lead to criminal charges.
You don’t want to be charged as a criminal. And that means that you don’t want to continue to be in bad standing with the IRS.
1. Pay whatever you owe in taxes, including the penalties and interest owed on these taxes.
2. Pay any delinquent taxes you may have accrued over the years with an auto withdrawal account.
3. Retire all of your existing tax debt with that same auto withdrawal account.
It may seem obvious, but it’s absolutely imperative that you pay what you owe in taxes, penalties, and interests as soon as you possibly can.
If you can’t seem to come up with enough money to pay off the totality of this debt, then you’ll want to begin thinking outside the box. If you owe less than $5,000 you may want to consider approaching your bank for help. Ask your banker to set up an auto withdrawal account for you, so that you’ll be able to steadily pay off your dent each month without even thinking about it.
And realize that the IRS will likely allow you to forestall or interrupt any levy it has applied against you during the 30 grace period attached to the levy. The IRS will even help you forestall or interrupt this levy if you can prove that you’ll be able to pay off your tax debt within 36 months.
You can make these necessary payments online, or at authorized payment centers. You can also ask the IRS to deduct payments from your monthly wages automatically.
Whatever you decide to do to pay off your debt, you’ll want to work with a certified tax professional. The Tax Defenders Tax Attorneys ought to be able to help you with your various fiscal needs.