Should I Just Quit My Job?
I have several clients who have come in to discuss their tax problems and told me that if the IRS would not release their wage garnishment immediately they would just quit their job. Let me tell you that is not the solution. While it is painful to have the IRS taking money from you right now, it is possible, and often times very easy, to get the IRS to release their levy with just a little work. Of course, this depends on your specific situation, but there are ways for every one to get the IRS off of their back.
Depending on your current financial situation, you may be able to settle your tax liability for much less than what the IRS says you owe. The IRS considers your income, expenses and the value of the equity you have in your assets to determine whether you would qualify for an offer in compromise. A skilled tax professional can help you properly present your case to the IRS to get the best consideration. Also, you should can look into several other opportunities to have the IRS release your wage levy. Sometimes, it is easier to set up a payment plan where you get to determine how much you pay each month rather than the IRS dictating how much they are going to take from your paycheck.
I would not recommend that you quit your job in order to stop the wage levy. Don’t let the threat of what might happen control your life and cause you to make a drastic decision. Look into all of your options with the IRS by contacting a tax professional.
If you have a tax problem, whether it is a levy, wage garnishment, or you just owe a lot of money and you want to get the IRS off of your back, you can contact me or check out my new e-book Emergency Tactics to Stop the IRS from Taking Your Paycheck. There are many solutions and ways he can help take care of your IRS debt.