If an IRS wage levy is something you have had to deal with in the past or if it is something you feel may happen to you in the future, the most important thing to do is to pay off any tax debt you may have as quickly as possible (if you are able to, of course). Additionally, you need to make sure that you keep up to date on all your taxes – you do not want the IRS to think you are behind in paying them.
You should think about paying your taxes or paying off any tax debt in the same way as you think about any other types of expenses you have. It is something you really need to budget for if you want to avoid action such as an IRS wage levy being taken against you. You should aim to pay the IRS before you pay off other debts such as, credit card debt.
If you are self-employed, a good idea to budget for your taxes is to set aside a separate bank account for them. This is a good way to avoid an IRS wage levy because not only are you making sure you’re taking your taxes into consideration, but you are also showing the IRS that you are planning to pay them – which is something they cannot fail to be impressed about. You should aim to put between 10 to 20 percent of your earnings into this separate tax account, and more if you have debts or penalties to pay off. This is a very simple and easy way to avoid an IRS wage levy being filed against you.
