The IRS is required to leave you with a minimum amount of monthly income when your wages are being garnished. The remaining funds will be seized and applied to your tax debt until your balance is paid off or the wage levy is released.
If you’re having tax problems
Tag: IRS wage garnishment
The IRS can generally seize your assets when you fail to pay your tax debt and the IRS has sent you the proper notices in the mail. Even if you owe tax debt and have received these notices, you can still protect assets if you negotiate a resolution to your tax problems.
The IRS has a variety of methods it can use to collect delinquent tax debt. If you don’t voluntarily resolve your tax debt problems you may face IRS levies, wage garnishments, or other IRS enforced collection actions.
Taxpayers who owe the IRS over $50,000 may have to deal with tax liens, tax levies, and IRS passport actions. There are many tax resolution options that can be used to protect your property and get the IRS off your back.
The IRS can be quite resourceful when it comes to collecting what they are owed. This allows them to even access and retrieve money from your salary to settle your tax debt. When it gets to this point one can feel confused and even financially invaded but this is only a last resort of the… Read more »
IRS Wage Garnishment Policy The IRS can garnish the wages of both you and your spouse for joint tax debt. The IRS policy is generally to garnish the wages of the higher earning spouse, but they may deviate from this rule if you’ve flagrantly refused to pay your tax debt.