Did you know that the IRS or Internal Revenue Service can not only levy on any assets in the possession of a given taxpayer, which is called a seizure, but it can also levy on any assets that a third party has possession of, for example a brokerage house or bank. Not only that, but the IRS can force an employer to send a portion of the tax debtor’s wages directly to the IRS. That is called a wage garnishment, and it is extremely inconvenient.
If this is happening to you, you’re probably asking how can I stop a garnishment, because if you are having trouble with the IRS, you probably need wage garnishment help. And as such, since you are likely a normal US citizen, you are unaware of IRS garnishment rules, which would make it impossible for you to stop IRS garnishment by yourself. You will likely have to hire some sort of help to deal with it.
A tax levy is an action made by the IRS under statutory authority to seize property with enough value to satisfy tax liability, and if you are in serious debt to them, it is the most feared weapon they can use against you.
And, dating back to 1791, the power to administer a levy to satisfy federal back taxes can be convoluted and difficult to understand, so it is often hard for the average person to negotiate a levy or stop wage garnishment.
Since all of the individual governments in the United States provide for tax exemptions from some property, income, or personal taxes, and 43 states as well as localities in the US impose income tax, there are a a lot of people that might need help stopping wage garnishment.
However, many try to do it themselves, and one of the things they end up considering is will filing for bankruptcy stop wage garnishment? The only problem is that if you don’t know about IRS garnishment rules, then you aren’t going to be able to guarantee that the garnishment will stop. Great references here.