How Long Does an IRS Wage Levy Last

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An IRS wage levy, also known as a wage garnishment, is a legal action taken by the Internal Revenue Service (IRS) to collect unpaid taxes from a taxpayer’s wages. This levy allows the IRS to deduct a portion of the taxpayer’s wages to satisfy their outstanding tax debt. Many taxpayers wonder how long this levy will last and what options they have to stop it. In this article, we will discuss the duration of an IRS wage levy and provide answers to some frequently asked questions.

How long does an IRS wage levy last?
An IRS wage levy generally lasts until the tax debt is fully paid off or until the taxpayer takes action to stop the levy.

FAQs about the duration of an IRS wage levy:

1. Can an IRS wage levy be temporary?
Yes, an IRS wage levy can be temporary if the taxpayer enters into an agreement with the IRS to repay their tax debt. This agreement may include an installment plan or an offer in compromise.

2. Can an IRS wage levy be permanent?
An IRS wage levy can be permanent if the taxpayer does not take any action to resolve their tax debt. The levy will continue until the tax debt is fully paid or until the IRS releases the levy.

3. Can an IRS wage levy be released before the tax debt is paid off?
Yes, an IRS wage levy can be released before the tax debt is paid off if the taxpayer takes appropriate action. This may include paying off the debt in full, entering into an installment agreement, or proving financial hardship.

4. What happens if I ignore an IRS wage levy?
Ignoring an IRS wage levy can have serious consequences. The IRS can continue to garnish your wages until the debt is fully paid off, which can cause financial hardship. Additionally, the IRS may also take other collection actions, such as placing a lien on your property or seizing your assets.

5. Can an IRS wage levy be stopped once it is in place?
Yes, an IRS wage levy can be stopped once it is in place. Taxpayers have several options to stop a wage levy, such as entering into an installment agreement, filing for an offer in compromise, or proving financial hardship.

6. How long does it take to release an IRS wage levy?
The time it takes to release an IRS wage levy can vary depending on the taxpayer’s circumstances and the actions taken. It is recommended to consult with a tax professional for guidance on the specific steps to release a wage levy.

7. Can I negotiate with the IRS to reduce the amount of the wage levy?
Yes, it is possible to negotiate with the IRS to reduce the amount of a wage levy. This can be done through an offer in compromise, where the taxpayer offers to pay a lesser amount than the total tax debt.

8. Can a wage levy be prevented altogether?
Yes, a wage levy can be prevented altogether by resolving the tax debt before the IRS takes collection actions. This can be done by paying the debt in full, entering into an installment agreement, or proving financial hardship.

In conclusion, an IRS wage levy can last until the tax debt is fully paid off or until the taxpayer takes action to stop it. It is important for taxpayers to understand their options and take appropriate steps to resolve their tax debt to prevent or release a wage levy. Seeking guidance from a tax professional can be beneficial in navigating the complexities of IRS collection actions.
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