You work hard for money. The thought of someone taking the money that you earn away from you can greatly alter your life. A levy against your earnings is the most ruthless tactic that the Internal Revenue Service can take to obtain money from you. Knowing how to avoid this from occurring, and how to obtain an IRS wage garnishment release is important.
Before looking into release options, you need to determine why your wages are being taken, and how long the situation is going to be for. Levies normally last a specific amount of time, until the debt that is owed is paid. The Internal Revenue Service will send a notification to your employer informing them of how much money they want withheld from your check and sent to them.
If they feel that they are owed money that you have not paid, they have the ability to forcefully take the money that is owed to them. They are able to do this by communicating directly with your employer. They will send your employer a form stating how much they want taken from your pay.
Your employer does not have any choice in the matter. They must abide by what the Internal Revenue Service wants. However, your employer will need to inform you of the garnishments that are being taken, prior to you receiving a garnished paycheck. The amount removed from your paycheck can fluctuate.
Your livelihood will suffer. You will find it difficult to pay your bills and to support your family. Getting a second job to help make ends meet will not work either. Because the Internal Revenue Service will inform that employer to remove the same amount of money from that check as well. It is a never-ending circle that leaves the worker on the losing side.
The Internal Revenue Service does not care that you have bills to pay or a family to feed. The only thing that they are worried about is the fact that you owe them money and they want to do everything in their power to collect on what is owed to them. Even though this may sound ruthless, it is something that happens every day.
A tax professional will first work with you to determine if the garnishment is validated. If your money is being taken from you for a reason that cannot be validated, then the individual who put through the order will have to release it, and give you the money back that was taken. If the reason for the money being taken is validated, the only thing that a tax professional can do is negotiate to have the amount taken reduced.
They can also do some investigating to ensure that the levy that has been put against your wages is validated. If it is not validated, they will be able to complete an IRS wage garnishment release form. However, if it is validated, the levy will not be lifted until your entire debt has been paid back in full, plus any additional fees or interest that have been added onto it.
Read more about How To Get An IRS Wage Garnishment Release visiting our website.