Handy Guide to Stopping IRS Levy

 

This levy is in most cases referred to as the wage garnishment. The levy will in most cases be forced by the IRS when they seize your salaries so that they recover the taxes that you have not been paying. This is the most unfortunate thing for any employee as most of the employees hate it when their employers come to know of their tax problems. There is however a reprieve mainly for those who act swiftly before the levy takes effect. Here the moment you see that you have pending tax arrears make a point of contacting a professional in taxes. They will not only help you understand of your protection from such actions but will also ensure that the levy is stopped for a short time. The moment the levy is stopped the tax professional will help you resolve the issues which may be there with your tax arrears. Once the tax expert has analyzed the problem, you can bargain for cheaper payments or even ask for a refund if what you have been paying is too high.

 

It is crucial that you know how this levy works. Once irs levy wage notices that you have not been paying your taxes, you will b issued with a formal notice. Before the final notice is sent to you, you will have received several other notices, and the final notice will always be accompanied with a notice informing you that you have a right to a hearing. If you fail to respond to the notices within a month, the IRS will notify your employer about the pending tax arrears.Ideally, IRS will have calculated the tax arrears and your employer will be required to remit a certain amount from your wages. In most cases, the employers will comply since if they do not comply they will be held responsible. No employer will want to take responsibility for an

 

employer's crime, and that is why it is hard to for them to disobey the orders. However, whether the levy has taken effect or not it is possible to stop it through a series of processes. If you contact a Precision Tax Relief professional, they will take you through the following method to prevent the levy.

 

First, they can help you negotiate an offer which is in compromise. Check this website to get more information about tax preparation https://www.britannica.com/topic/taxation/Proportional-progressive-and-regressive-taxes.

 

Second, you will agree on a streamlined installment. It is also advisable that you give evidence of economic hardships so that the levy can be

reduced.