Facing IRS Wage Garnishment? Here’s How to Stop It and Regain Control
When the IRS takes part of your hard-earned wages, it can leave you feeling overwhelmed and financially strained. But, it’s crucial to remember that you have options and solutions to stop IRS wage garnishment and regain control of your finances.
If you’re facing IRS wage garnishment, our goal is to provide you with the knowledge and guidance you’ll need to face this challenging situation. Let’s dive into the specifics of IRS wage garnishment, understand why it occurs, and, most importantly, explore effective strategies to put an end to it.
Understanding IRS Wage Garnishment
IRS wage garnishment is a legal action the IRS takes to collect people’s unpaid taxes. The IRS doesn’t need a court order to garnish wages.
The IRS will send you notices if they intend to garnish your wages. These notices will include a Final Notice of Intent to Levy, which informs you that they intend to garnish. If you don’t respond or take action within a certain timeframe, they will garnish your wages.
The Impact of IRS Wage Garnishment
Wage garnishment directly affects your take-home pay. This can make it harder to maintain a comfortable standard of living or even cover basic expenses.
IRS wage garnishment can also hurt your credit score. It will be harder for you to secure loans or get good interest rates in the future.
Wage garnishment can also strain your relationships and cause stress. Plus, it can damage your professional reputation if your colleagues become aware of the garnishment.
How to Stop IRS Wage Garnishment
Stopping IRS wage garnishment requires proactive steps and effective strategies. Here are essential actions you can take:
Respond to IRS Notices: It is crucial to respond promptly to all IRS notices related to wage garnishment. Ignoring the notices will only escalate the situation. You can contact the IRS and ask for a collection due process hearing where you may be able to discuss your case.
Explore Payment Options: The IRS offers payment options to resolve your tax debt. This could be an installment agreement, where you would pay off the debt over time. Another payment option is an offer in compromise, which lets you settle your debt for less than the full amount you owe.
Request a Hardship Exemption: If your wage garnishment causes a serious financial hardship, you could qualify for a hardship exemption. A hardship exemption can temporarily suspend your garnishment or reduce the amount taken out of your pay.
Resolve Tax Disputes: If you think there is an error in the amount you owe, it’s crucial to address the issue promptly. Disputing the tax assessment through the appropriate channels can stop the wage garnishment until the dispute is resolved.
Seek Professional Assistance: Navigating tax debt on your own is often overwhelming and complicated. That’s why you should consider hiring a reputable tax professional. They will guide you through the process, represent your interests, and negotiate with the IRS on your behalf. A tax professional won’t just take the weight of IRS negotiations off your shoulder; they’ll get the best outcome possible, saving you time and money.
The BPB Tax Resolutions Difference…
Hiring a tax professional is key to stopping IRS wage garnishment and taking control of your financial future.
Ben Butterfield’s expertise, coupled with his track record of successful negotiations with the IRS, sets him apart as a trusted advisor with resolving wage garnishment issues.
His in-depth knowledge helps him to navigate complex tax situations and explore every available option to find the best resolution for your unique circumstances.
When you partner with BPB Tax Resolutions, you gain a trusted ally who will fight for your rights. BPB Tax Resolutions will negotiate with the IRS on your behalf, and explore all available options to find the best resolution for your unique circumstances.
Don’t let the stress of wage garnishment control your life. Contact BPB Tax Resolutions today for a risk-free consultation, and regain control of your financial future!
