

IRS Wage Garnishments
A wage garnishment is a type of IRS seizure otherwise known as a levy. Employers generally have at least one full pay period after receiving a Form 668-W, Notice of Levy on Wages, Salary and Other Income before they are required to send any funds from their employee’s wages that were the result of any IRS wage garnishments. If an employee has had a levy placed on their wages, they should contact us as soon as possible to discuss a release of levy and get help to remove their IRS wage garnishments.
Whenever there are IRS wage garnishments, in which the IRS levies your wages, salary, federal payments or state refunds, the levy will only end when:
- The levy is released,
- You pay your tax debt, or
- The time expires for legally collecting the tax.
The tax code limits only how much of your paycheck that the IRS is required to leave for you. The IRS will take as much as possible when it does IRS wage garnishments and it will leave you with only the amount that the tax code says is necessary for you to pay for basic living necessities. The amount of your paycheck that you get to keep after the IRS wage garnishments corresponds to the number of exemptions you claim on your tax returns. Refer to this IRS table to see how much of your wages are protected from IRS wage garnishments.
For example, a single person getting paid semi-monthly and claiming two exemptions will only be allowed to keep $587.50. A married person filing a joint return, getting paid bi-weekly, and claiming three exemptions will only be allowed to keep $932.69. Anything over and above these amounts gets garnished and sent to the IRS.
Bank Account Seizures
If the IRS levies your bank account, your bank must hold funds you have on deposit, up to the amount you owe, for 21 days. This holding period allows time to resolve any issues about account ownership. After 21 days, the bank must send the money plus interest, if it applies, to the IRS. To discuss your situation, call us today so we can provide a solution to resolve this serious matter.
Our tax professionals are adept at helping Clients deal with IRS wage garnishments and bank account seizures. Call us so we can get these removed!
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...moreMy business owed a bunch in taxes and Keith helped me settle the IRS debt for WAAAAY less than I owed. I'm so appreciative of the effort that was put into my case. There is no way I could have done it myself. I'm now on the road to tax freedom. The stress I was under was immense and now I feel like a new man. This company is the only one to choose if you need help with an IRS problem.
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...moreMIS Tax Pros is great! I owed the IRS a large amount of money. I got an Offer in Compromise approved, well, Keith did it. I'm so relieved that burden is off of my shoulders. I got my life back. If you have a tax problem, you should be sure to call MIS Tax Pros. This company is awesome! Thanks again, Keith, for all of the hard work you did on my tax problem. God bless you!
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...moreThe simplest process doing my taxes that I’ve ever experienced. The entire process was handled remotely and we didn’t even have to leave our house once to get our tax return prepared. 21st Century technology makes things so easy sometimes. Sure did with our tax return filing. No more worrying about April 15 deadlines. Our taxes were done in plenty of time this year. I’ll never do my own taxes again. I will recommend MIS Tax Pros to anyone!
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...moreI'm so glad I gave MIS Tax Pros a call. The whole process was easy since they handled everything. I had this dark cloud over my head for years and thought the problem would somehow disappear but it just kept getting worse. My tax bill kept growing and the IRS put a lien on my house. I was terrified. Keith made the whole thing go away. He was able to get a settlement for me that allowed me to pay a small amount each month for two years. Now I'm IRS debt free. Thank you very much!
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...moreI kept getting certified letters from the IRS which was very frightening and I just couldn't pay the amount I owed. They threatened to sell my house. Keith helped me by filing for an Offer in Compromise and I only had to pay a small amount monthly for two years. The settlement Keith got for me was for less than 20% of what I owed. I got to keep my house and I'm so grateful. The process was very simple and not very expensive compared to other quotes I considered. I highly recommend MIS Tax Pros.
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...moreThe IRS had garnished my wages and was sending threatening letters all of the time. It became unbearable and I didn't know what to do. Keith got them to release the wage garnishment and did this settlement so I didn't even have to pay as much as I owed. What a great feeling it is to feel free again. Life is beautiful. Thanks a million, Keith! You really are a tax hero!
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...moreIt was amazing! I’ve been dealing with this tax problem forever it seems. The IRS is so intimidating that I just tried to ignore the letters they were sending. I received a letter from MIS Tax Pros and thought I’d give them a call. I’m so glad because it was really a comparatively painless process to get my problem solved. The team at MIS was so competent and I was able to have my debt put behind me for much less than I owed originally. Thank You, MIS Tax Pros!
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