Since the U.S. Constitution was adopted in 1787, the federal government has been authorized to lay and collect taxes, as long as some of that revenue is allocated to states, proportionately according to population. From the Alabama ten cent tax on playing cards to the property and income taxes at the local, state, and federal levels, there’s no escaping the American tax burden. After all, other than death, taxes are the only things that are certain in life. If you’re looking for another certainty to hang your hat on, it’s this: If you don’t pay your taxes, the IRS will track you down.
In order to comply with the U.S. Constitution, the IRS must notify taxpayers of coming levies and provide them with an opportunity to be heard before Irs garnishments and levies begin. Legally, the IRS can take a portion of your wages directly from an employer to cover unpaid taxes and interest, negatively affecting the taxpayer’s credit, reputation, and ability to take out a loan or open a bank account. There are ways to stop a garnishment, however, and with the help of garnishment lawyers, you can set up a better way to repay your taxes.
How to Stop IRS Wage Garnishments
There are only five ways to get out of tax debt and stop IRS wage garnishments. Given that the only way to stop IRS wage garnishments is to repay your debt, each one deals with the construction of a repayment plan.
- Installment agreement: a monthly payment plan for paying off the IRS.
- Partial payment installment agreement: a long term payment plan to pay off the IRS at a reduced amount.
- Offer in Compromise: settle your tax debts for less than what you owe by making a lump sum or short term payment plan at a reduced amount.
- Not currently collectible: the IRS voluntarily agrees not to collect on tax debt right away.
- Bankruptcy: discharges all tax debts.
Obviously, each method for stopping IRS wage garnishment is governed under certain rules. Not everyone is eligible for every strategy, and some are particularly difficult to qualify for. The best option is always to pay your taxes in full, on time. Given that there are an estimated 1.2 million tax preparers in the country, it should not be difficult to find someone who can help you make sure you don’t miss any deductions and that you’re paying in full.
Irs wage garnishments can be very scary. If you owe more than $10,000 in tax debt, it is recommended that you work with a professional to get out of debt. Even for those under the $10,000 amount, a lawyer or tax professional can be a helpful asset. See this link for more: garnishmentlawyer.org