Wage Garnishment
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Wage Garnishment and Bank Levy Release
Everyone knows that the IRS is serious about collecting the taxes that people owe. After all, gangster Al Capone was famously jailed for tax evasion rather than many of his other crimes.
Two of the tools that the IRS uses to collect unpaid taxes are wage garnishment and bank levies. Taxpayers who experience these garnishments and levies often want to get them released so they can find other ways to settle their tax bills.
What are wage garnishment and bank levies?
Put simply, wage garnishment and bank levies are legal means through which the IRS can seize a portion of your income before you receive it or take money directly from your bank accounts to pay the taxes that you owe.
If the IRS garnishes your wages, it will take a portion of your paycheck, leaving you an amount depending on your tax filing status and number of dependents. The idea is to take a portion of your paycheck to satisfy the debt you owe while letting you retain enough income to support yourself.
Typically, wage garnishments take most of your income, leaving you very little to use for essential expenses.
Bank levies place a hold on your bank account balance for a period, after which the bank must send the balance to the IRS.
How to get out of Wage garnishment and levies
Although the IRS lets you keep a portion of your wages while it garnishes the remainder, dealing with garnishments and levies can create real financial hardship.
There are a few ways to get out of garnishments and levies, including paying the full amount you owe and the IRS writing off the remainder of your debt because too much time has passed.
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Client Testimonials
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I didn’t know it would be such a pain free process but they helped me handle some past due taxes (which I thought was going to be an arduous process). Thank you Tax Hardship Center!
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Tax Hardship helped resolve my tax filing complications in a timely manner. The customer service was quick to respond as well as extremely helpful. I will definitely use their service in the future.
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The team at Tax Hardship Center was successfully able to help me with my tax issues. They were kind and also empathetic to me during my hard financial times.
Work with the Tax Hardship Center
Dealing with wage garnishment and bank levies can be stressful and working with the IRS to get them removed is difficult. The Tax Hardship Center can help with that. Our tax professionals are experienced in working with the IRS to get levies and garnishments removed and can help you settle your tax debt.