IRS Wage Garnishment: Time to Tighten Your Belt

No sympathy…You work hard to earn enoughsolutions available where you’ll still have to pay your
money to put food on the table for your family. Butdebt, but at least the IRS isn’t taking your earnings.
when you owe money to the IRS all that hard workYou can enter into a payment plan with the IRS. With
can add up to nothing. A wage garnishment is a nastyan IRS payment plan you pay a monthly amount to
trick the IRS uses to collect a debt owed.the IRS. As long as you pay this amount each month
It isn’t yours…You’re probably upset that theon time your wage garnishment will be lifted. Here’s
IRS is taking out 50% of your gross pay. And on topthe condition though, the IRS determines what
of that you still have the regular taxes taken out ofyou’re payment will be. This can be a burden, but
your check too. But it isn’t your money anymore;the alternative is still much worse.
it’s Uncle Sam’s money, and when I was anYou can negotiate for a settlement with the IRS on
IRS-Hitman it was my job to make sure myyour own or with the help of a tax professional. While
Uncle’s pockets were full.negotiating with the IRS, collection activities are put on
Is it that bad? How could I do that to someone?hold until a resolution can be reached. Once your
Especially when I knew that the target couldn’t buysettlement has been accepted or denied you’ll still
their kids new clothes for school, heck the targetowe some or all of the debt. There are also conditions
couldn’t even buy their kids school supplies.that you must maintain after a settlement offer has
No one is safe…Even if you don’t get a paycheck,been accepted and the IRS is always waiting for you
if you get social security or disability the IRS canto make a mistake again.
garnish that too. In fact the IRS can garnish up to 15%Take Action! I can’t stress enough how important it
of social security. I would always feel a twinge of guiltis to take action as soon as you know there is money
taking money from someone on a fixed income.owed to the IRS. The number one reason I had to
Some advice… But you want to know how to gettarget someone for a wage garnishment was
out a wage garnishment. The IRS would like to keepbecause they put off doing anything about their debt.
garnishing your wages because it’s an easy wayNow you have the smoking gun…Use it!
to get the money you owe. But there are some