IRS Wage Garnishment: Kiss Your Paycheck Goodbye

Where it Begins: If you’ve got an IRS tax debt, chances are good that the IRS is doing everything they can to get that money. Maybe you gotten a few letters, but none of them seemed to serious. But about two weeks ago you got a “Final Notice” that said they intended to garnish your wages. You didn’t think it was that big of a deal, at least until payday, when you discovered what exactly wage garnishment means to your check.

Where Is Your Money? How could this have happened? You used to make $2000 dollars a paycheck and now it’s $400 dollars. You can’t even pay the bills! Well, that’s because the IRS can legally garnish up to 80% of your paycheck in order to pay for your debt. It may seem unfair, but the IRS feels that nothing is more important than IRS debt. They feel if you can afford to ignore the debt, they’ll just take your money straight from the source.

Talking to the Boss: You’re obviously infuriated over this. How can they just take your money? You need it to pay bills. So you go to take it up with your boss, and he tells you that his hands are tied. Unfortunately, he’s right. Your boss has no say in the matter. The IRS just comes to him and says “We’re going to be taking this amount from this employee’s paycheck.” All the boss can do is comply. In fact, if he tries to interfere, he can be fined or brought up on charges.

Who Can Help? Depending on the specifics of the situation, you can get the garnishment removed. But that involves taking the necessary steps to solving the problem. The IRS took it this far, they’re certainly not going to walk away without their money. Speak with an experienced tax professional to find out what it takes to remove the garnishment, arrange to pay the debt, and get back to living.

Now you have the Smoking Gun…Use It!