Understanding and Stopping IRS Wage Garnishments
IRS Wage Garnishment Help in Coral Gables, FL
An IRS wage garnishment, also known as a continuing wage levy, can take a substantial portion of each paycheck. Unlike many ordinary garnishments, an IRS wage levy may continue from one pay period to the next until the liability is resolved or the levy is released.
Olympus Tax Resolution helps employees, self-employed individuals, and business owners in Coral Gables and nationwide respond to wage garnishments and develop a strategy for addressing the underlying tax debt.
Before issuing most wage levies, the IRS generally sends multiple collection notices. A Final Notice of Intent to Levy may explain the amount owed, the proposed collection action, and the taxpayer’s right to request a hearing within a limited period.
Once an employer receives the levy, the employee must typically complete paperwork identifying filing status and dependents. The employer uses IRS instructions to determine the amount exempt from the levy. The remaining wages may be sent to the government each pay period.
Olympus Tax Resolution can review the collection history, confirm whether required notices were issued, and communicate with the IRS when properly authorized. We can help prepare financial documentation and determine whether the garnishment may be released because of hardship, an approved resolution, a procedural issue, or another qualifying reason.
A levy release may restore access to future wages, but it does not erase the balance. The taxpayer may still need an installment agreement, Offer in Compromise, Currently Not Collectible status, penalty relief, or another resolution to prevent further collection action.
Agreeing to an unaffordable payment simply to release the garnishment may create additional financial problems. The proposed solution should account for necessary household expenses and the taxpayer’s ability to remain compliant with future taxes.
The sooner a wage levy is addressed, the more quickly the taxpayer can begin evaluating available options. Reach out to Olympus Tax Resolution at (833) 554-7743 for a confidential evaluation of an IRS wage garnishment.