What is Wage Garnishment?
30th March 2008
Garnishment is a government seizure of a portion of your paycheck for payment of taxes. It’s also a last-resort tactic of the IRS to get its money.
When a taxpayer receives a garnishment, it’s very difficult to negotiate with the IRS for several reasons:
- The taxpayer has lost credibility with the IRS.
Wage garnishment is a final IRS strategy.
- Often people who have reached the point of garnishment feel too much anxiety to act effectively in face of the intimidating power of the IRS.
When Does Garnishment Happen?
Everybody who owes taxes is in a line. The first collection tool of the Service is a lien. The second tool is a garnishment. If you owe the IRS and you have a job, you’re in that lineup. Nobody can tell you how fast the lineup is moving. But unless you get out of the line, you will make it to the front.
You can stop a wage garnishment by setting up a payment plan. The IRS will make those payments as high as possible. Hire a professional to set up a payment plan to get the best possible payment plan for you.
How Bill Got his Truck Back
Bill drives a ‘78 pickup. He owed $10k to the federal government. The IRS didn’t allow him automobile expenses, said he could afford to pay $400 a month, and garnished his wages. Bill tried to negotiate with the IRS on his own. But he had lost credibility, and the service refused to talk to him. When Tax Matters Solutions took over his case, they removed the wage garnishment and put him on a payment of $150 a month, a payment he could afford. So Bill kept his truck.
How Steve Received a Wage Garnishment Release within Two Hours
Steve, from Colorado, called Tax Matters Solutions and talked to Nick Sutton, CPA and partner of Tax Matters Solutions. Steve had just received a wage garnishment notification. Nick called the IRS who set up a payment plan. The service faxed the garnishment release to Steve’s employer and within 2 hours the garnishment had been released. Steve can afford his payments, and he’s back in control.
How Tax Matters Solutions Can Help
The professionals at Tax Matters Solutions specialize in negotiating with the IRS; they maintain an open a relationship with the service. They will negotiate for a settlement and/or a payment plan instead of a government wage garnishment, working with understanding and compassion for you and your specific circumstances.
“At Tax Matters Solutions, you’ll always work with a CPA, says Marc Jernigan, partner at
Tax Matters Solutions. “You’ll never speak to a salesperson. We only make promises we can deliver, and then we deliver them to you quickly and professionally.”