How Can I Stop the IRS from a Wage Levy?

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If you are experiencing a way levy then you know what one is. An IRS wage levy, also called garnishment, is when the IRS deducts taxes you owe them out of your paycheck. They normally will inform your employer and your employer has to comply. Usually this the last step the IRS will take take. The IRS usually will contact you first and inform you of taxes owed. They will try to get you to comply and setup some type of payment agreement or resolution with them. If you fail to comply, you will first get a Notice of Intent to Levy which means they will either levy your bank account or wages.

Stopping the IRS from a wage levy can be difficult. Those who have heard this is impossible are wrong. Even though the IRS is bound and determined to get the money you owe, they are willing to not go as far as a levy if you are willing to cooperate.

So, that leads to the million dollar question: will you do what it takes to stop a wage levy? If you know your options your answer will probably be yes.

Here are a few ways to stop the IRS from continuing with a wage levy:

1. Pay the IRS in full. The IRS uses a wage levy so they can get the money that is owed to them. If you pay your tax debt in full there is no longer a reason to have the levy in place – your account is now in good standing. If you have the money you should think about paying in full.

2. Use a payment plan.

Those who do not have the money to pay the IRS in full should think about using a payment plan, also known as an installment agreement. This will stop the IRS from a wage levy, while allowing you to pay back the money that you owe. At the same time you will benefit from not having to use all of your cash to settle the debt.

3. File for an offer in compromise. With this method you can settle your taxes owed for a fraction of the actual amount. This is not the easiest method so if you decide on it you should hire a professional to assist you.

If you never owe money to the IRS there is no chance that you will ever have to deal with a wage levy. While this may sound like your situation right now, you do not know what the future holds. No matter when you may be up against a wage levy (hopefully never) the above three options will help you to stop the process.

In closing, you can stop the IRS from a wage levy by paying in full, using a payment plan, or filing for an offer in compromise.

About Henry Byers

Henry Byers, ex-IRS Manager and CPA with a primary focus on the areas of IRS Tax Debt, IRS Levy & Wage Garnishment Release.

Specializing in resolving your IRS tax debt problems for individuals and small to medium sized businesses.

Whether its an IRS garnishment, Wage garnishment, IRS Lien, IRS Levy, IRS audit, IRS penalties or unfiled or delinquent tax returns that have you worried, we can help!