What if too Much Money Has Been Deducted for Garnishment?
The Internal Revenue Service (IRS) has the power to contact your bank and recuperate individual or business back taxes through a garnishment, which is also referred to as a levy.
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Types
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There are two primary types of levies: A levy of property owned by you and a levy of property owned by you but is in someone else's possession. An example of the latter would be your wages. Since both are subject to levies, it is possible for either one to be levied incorrectly.
What to do if There Is a Mistake
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If there is a mistake and the IRS levies the incorrect amount from your account or the levy was placed entirely in error, you have up to 30 days to notify the IRS. You would do so by completing form 8546, "Claim for Reimbursement of Bank Charges Incurred Due to Erroneous Service Levy or Misplaced Payment Check." If the IRS determines there was a mistake, it will issue a refund.
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Additional Support
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The IRS is willing to discuss any levy placed on your property. You can contact them directly and speak with a case manager to either arrange payment plans or inform a representative if you believe there was a mistake.
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