| IRS wage garnishment happens to regular, | | | | cash and Paul could have an extra pair of hands |
| hard-working people every day. It only takes one | | | | without the expense of hiring another employee. |
| unexpected financial event to trigger a situation that | | | | Around the end of January, amongst the bank |
| requires the payment of more taxes than expected. If | | | | statements and credit cards bills, Jon noticed |
| you don't have the money sitting there, in your bank | | | | something odd. He had received a 1099-MISC from |
| account ready to go to the government, you are a | | | | Paul's company, listing his wages as "nonemployee |
| possible target for the garnishment of wages. | | | | compensation" and displaying all the money that Paul |
| It Could Happen to Anyone | | | | had paid him during the past year. The most alarming |
| Jon had worked a regular job for regular wages and | | | | thing, though, was that the boxes for Federal income |
| had the regular amount taken out of his paycheck for | | | | tax withheld and state tax withheld were blank. |
| taxes, just like everyone else. He thought that people | | | | There IS a Solution |
| who had tax problems and faced IRS wage | | | | It's just that easy to get into the kind of tax trouble that |
| garnishment must be doing something sneaky or tricky | | | | could lead to wage garnishment. But once you are in |
| that got them into trouble. Jon couldn't have been more | | | | this type of situation, what can you do? Hire |
| wrong, as he was about to find out. | | | | professionals to negotiate with the IRS. |
| Jon had been working for the same company for five | | | | Experts will be able to do a number of things that will |
| years, since he had graduated from high school. It was | | | | immediately relieve some of the stress on you: |
| a tough job -- construction -- but his boss liked him and | | | | - put a stop to the threat of IRS wage garnishment |
| made sure to find work for Jon even when others | | | | - stop the government from imposing additional |
| were being laid off. He took a part-time second job to | | | | penalties |
| make some extra money to pay off his three-year-old | | | | - negotiate a payment schedule that you will be able to |
| pickup truck and to pay down his credit card debt. His | | | | handle |
| buddy, Paul, had a business that put up drywall and | | | | Don't wait until the situation is out of your control. It is |
| they had more work than they could handle. He hired | | | | easier to make a deal with the IRS before wage |
| Jon to come in a few evenings a week and on | | | | garnishment starts. Seek out professional help to reach |
| Saturdays to help out his regular crew. | | | | settlement with the government. |
| It was a perfect win-win situation: Jon got some extra | | | | |