Stop An Irs Wage Levy, Even If You Don't Have The Money
Stop an IRS Wage Levy, Even if You Don't have the Money
When you are the victim of an IRS wage levy, you wonder how you are going to be able to get out of the situation you are in. It is a very frightening situation that many people have been in before, and there will be many more in the future. Because it is a common problem, there are ways you can stop an IRS wage levy, even if you cannot afford the taxes that are owed. If you cannot afford to pay off the full amount, you will need to work with someone who can help you talk to the IRS.
How do I get out of this mess?
First, you can try to work out a payment plan with the IRS. When you do that, you will be able to make monthly payments on the balance owed. That will give you the opportunity to pay off your tax debt while regaining access to your income. In many cases, a payment agreement can be reached and the IRS wage levy will be released. The only cases where it would not be released are if that is stipulated in the agreement. You will want to work for an agreement that will releases your wages and account back to you so you will be able to make those payments.
You also might be able to negotiate the amount of the taxes owed. If you can negotiate it down to a lower amount, you then might be able to pay that amount. When you pay that amount, you will then have the IRS wage levy released. If you choose to do this, you will need a third party who will act on your behalf. It is very difficult for a citizen to negotiate this on their own. There are certain rules and guidelines the IRS must comply with, and if you do not understand them, it will be difficult for you to get the amount owed reduced.
You have rights too!
You can also dispute the amount. If you cannot afford it and you do not feel you owe it, you can set up a dispute. When you dispute the amount, the records will then be reviewed. It would be in your best interest to have someone review them for you besides the IRS. If you hire a third party for the review process, the chances of your IRS wage levy being dropped are greatly increased. You need someone who will have your best interests in mind when they look at the records. The IRS is not going to benefit if their records are wrong. You need someone who is on your side when the records are reviewed.
If a discrepancy comes up, you will then be able to push for the dismissal of your IRS wage levy. The action should be released quickly, as it was enforced because of a mistake on the behalf of the IRS. Still, you might have to file some paperwork in order to get it dismissed. When dealing with the IRS, there is always a process you will have to go through, and that process is foreign to many people. That is why it is so important to have someone on your side fighting for you. They will know what to do so you will not have to worry about losing your wages.
Do not be a victim!
There are many situations where a person is not able to pay their back taxes to the IRS. When this occurs, they still must do something in order to settle their debt. While they might not be able to pay in full, they can do things in order to keep further action from occurring. This is necessary for people to keep their peace of mind. No one wants to have a tax debt hanging over their heads, and there are things that can be done in order to prevent that from occurring. Even if you cannot afford to pay it, there are things you can do when you get an IRS wage levy.
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by: Jimmy Newton
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