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IRS Wage Garnishment: Hitting Below the Belt
Payday is the day of the week that everyone looks forward to. It’s a shame that whensomeone owes the IRS money the day that you’re looking forward to, becomes a day of dread. A wage garnishment is one of the dirtiest tricks in an IRS Hit-man’s arsenal and Iused it more times than I can count to enforce a collection “action”.
It’s My Money!
I’m sure when you see half of your paycheck disappear you’re angrythat the IRS thinks they can take
your
money. When you owe back taxes, your money becomes Uncle Sam’s money, and it was my job to make sure my Uncle’s pockets werefull.How could I do that to someone? Especially when I knew that the target couldn’t buytheir kids new clothes for school, heck the target couldn’t even buy their kids schoolsupplies. The IRS only sees a debtor as a target and if I didn’t take the “hit” someoneelse would.Even if you don’t get a paycheck, if you get social security or disability the IRS cangarnish that too. In fact the IRS can garnish up to 15% of social security. I would alwaysfeel a twinge of guilt taking money from someone on a fixed income.
Save Your Bacon.
First of all you shouldn’t have let the wage garnishment happen. TheIRS gives any target ample warning before we would line up our sights. But now you’regetting garnished and you need some kind of relief. I’ll tell you how to save your bacon.
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Enter into a payment plan
with the IRS. With an IRS payment plan you pay amonthly amount to the IRS. As long as you pay this amount each month on timeyour wage garnishment will be lifted. Here’s the condition though, the IRSdetermines what you’re payment will be. This can be a burden, but thealternative is still much worse.
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Negotiate for a settlement
with the IRS on your own or with the help of a tax professional. While negotiating with the IRS, collection activities are put onhold until a resolution can be reached. Once your settlement has been accepted
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