If you owe money to the IRS, they may take action to collect the debt by garnishing your wages. This means that the IRS will contact your employer and instruct them to withhold a portion of your paycheck each week to go towards your outstanding tax bill.
If you’re facing wage garnishment from the IRS, there are a few things you can do to try and stop it.
First, you can try to negotiate a payment plan with the IRS. This may allow you to make smaller monthly payments toward your debt, which can help ease the financial burden. In some cases, it will be easier to have an attorney negotiate the tax debt on your behalf. Having an expert in your corner can make things easier and ensure that your rights are protected.
You can also try to have the garnishment released if you can prove that it’s causing financial hardship. For example, if the garnishment is leaving you with too little money to cover your basic living expenses, you may be able to have the garnishment released.
In addition to requesting a financial hardship specifically for the garnishment, bankruptcy might also be an option. Filing for bankruptcy stops many of the collection action against you. Even if you’re still responsible for the tax debt, filling gives you room to breathe and figure things out. In the long run, bankruptcy can free up income to put toward your most pressing, non-dischargeable debts.
How can I stop the IRS from garnishing my wages?
The most important thing is to know you have options.
If you’re struggling to deal with wage garnishment from the IRS, it’s important to seek professional help. A tax attorney or accountant can help you understand your rights and options, and can negotiate with the IRS on your behalf.
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