Friday, 19 September 2014

How to Stop an IRS Wage Garnishment

Whatever the reason, you are now threatened with an Internal Revenue Service (IRS) wage garnishment. In addition to the IRS, wage garnishment can also be issued by courts and federal agencies.

How Wage Garnishment Works
If the taxpayer does not pay the tax or ignores the notice, the IRS will send a Final Notice at least 30 days before the wage garnishment.

By federal law, wage garnishments are restricted to 25% of an employee's disposable income if employee disposable earnings are more than 30 times the federal minimum wage. What Employers Should Know About Wage Garnishment

A notice is sent to the taxpayer's employer, telling the employer to withhold a certain amount of the taxpayer's wages and pay it directly to the IRS.

The employer is not allowed to refuse the wage garnishment. Wage garnishments are taken out of payroll. An IRS wage garnishment will continue until the entire tax debt is paid or other arrangement is made to pay off the tax debt.

how to delay wage garnishment
•    Get a tax specialist involved. Tax professionals can contact the IRS to negotiate stopping a wage garnishment.

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