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5 Ways to Stop an IRS Wage Garnishment

When you do not pay your federal tax debt, then the IRS has the right to take action to ensure repayment. One course of action they may take is to levy your assets, including enacting a levy against your wages, salary, or other source of income. This action is more commonly known as a

By |August 27th, 2015|Tax Blog, Wage Garnishment|0 Comments

Installation Agreement: Solution for Stopping an IRS Wage Garnishment

I’m Married with No Kids. Why Should I Set up a Payment Plan Rather than Just Letting a Wage Garnishment Continue?

The IRS decides how much money to garnish based on your filing status and number of exemptions. A married couple that file together and have no children would have two exemptions. According to the

What is the Difference Between a Tax Levy and Garnishment?

Two common collection actions taken by the IRS are tax levies and garnishments, but many people are confused as to the difference between the two. The reason for the confusion is simple: a garnishment is a special type of levy that is taken on your income. Most people refer to wage levies as garnishments, as […]

By |August 20th, 2015|Tax Blog, Tax Levy, Wage Garnishment|0 Comments

Does a Tax Lien Remain on your Credit Report Even After It is Released?

When you receive a Notice of Federal Tax Lien, then you need to act right away before the IRS takes further collection action and enacts a levy or wage garnishment. Even if you do handle your federal tax debt right after you receive notice about a tax lien, you might still face consequences that […]

By |August 19th, 2015|Tax Blog, Wage Garnishment|0 Comments

Can you Be Fired Because of your Tax Garnishment?

When you live with an unpaid federal tax debt, you will face certain consequences, such as the IRS enacting a tax garnishment on any source of income you may have, including your wages or salary. When the IRS enacts a wage garnishment, they apply directly to your employer for the funds. This makes many people […]

By |August 18th, 2015|Tax Blog, Wage Garnishment|4 Comments

What Is the Difference Between a Wage Garnishment and a Bank Levy?

Two common collective actions taken by the IRS are a bank levy and wage garnishment. Because they both target sources of your income, it is easy to confuse the two. You may also find yourself facing similar financial difficulties under both events, including struggling to pay for your monthly expenses. Although they both […]

By |August 17th, 2015|Tax Blog, Wage Garnishment|0 Comments

How Much Money Does the IRS Take for a Wage Garnishment?

I’m a Single Parent with Two Kids. How Much Money Does the IRS Take for a Wage Garnishment?

When you receive a letter from the IRS stating that they are going to enact a wage garnishment to collect your federal tax debt, one of the biggest concerns you have is most likely the amount of […]

By |August 13th, 2015|Case Study, Tax Blog, Wage Garnishment|7 Comments

What Are the Laws and Rules for IRS Wage Garnishment?

The IRS may be the most powerful collection agency in the country, and possibly the world, but it must follow certain laws and guidelines just like any other agency. Because it is a part of the government, it does have its own collection rules. When you face an IRS wage garnishment, it is […]

By |August 11th, 2015|Tax Blog, Wage Garnishment|0 Comments

How Can You Stop an IRS Wage Garnishment?

An IRS wage garnishment can lead you with little to no income left for paying your day-to-day expenses. The amount the IRS calculates as necessary to live based on your filing status and number of dependents does not simply reduce your surplus income, taking away your coffee and dining out money; it can […]

By |August 7th, 2015|Tax Blog, Wage Garnishment|0 Comments

How Much of your Income Can the IRS Take in a Tax Garnishment?

When you owe money to the IRS, they have the right to take more of your income during a tax garnishment than other creditors who may implement a wage garnishment. Most creditors have a maximum amount of your income that they can take (usually around 25 percent of your disposable income), while the […]

By |January 16th, 2015|Tax Levy, Wage Garnishment|0 Comments