IRS Garnishment – The IRS Can Take More Than Just Wages

October 30th, 2010 by admin | Comments Off | Filed in IRS Garnishment

When most people think about IRS garnishment they typically think about their wages being levied. Unfortunately, that’s only one of many things the IRS can garnish. Basically, they can levy just about any income or financial account or attach a lien to any physical or real property that they want to. Nothing you have is safe from the IRS unless you know how to protect yourself.

Most people are familiar with the fact that the government can garnish wages or salaries. A notice is sent to your employer and money is taken directly out of your paycheck. But that’s not the only way that the IRS can get your money. They can also take your commissions and, if you have a business, your accounts receivable. In addition to that, if you have rental property they can levy your rental income. The interest and dividends you might receive from bank accounts or brokerage accounts can be garnished too. In fact, just about any stream of income you have coming in can be levied.

But they might take more than just the interest and dividends.

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Wage Garnishment – Exposing the Myths and Finding the Truth

October 3rd, 2010 by admin | No Comments | Filed in Wage Garnishment

Wage garnishment is one of the most frightening and life-disrupting things that can happen to someone. You make plans for the money you earn and suddenly find that you are not going to be getting nearly as much in your paycheck as you thought. And that lower paycheck is going to be your reality for, possibly, quite a long time. There are a lot of myths and misinformation out there about wage garnishment or wage levy and, if you are in this position now or in the near future, you definitely need the facts.

Myth #1 – No one can take money out of my paycheck without my permission.

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The Most Feared Government Institution

June 18th, 2010 by admin | Comments Off | Filed in Wage Garnishment Laws

To even mention the name of this government institution can set off waves of anxiety and stories of abuse and persecution that is unheard of for virtually any other governmental body in this country.  It’s really amazing the ability of three little words to instill fear in the hearts of an American citizen when those three little words are – Internal Revenue Service.

When we look a little closer at the mission of the IRS and their actual record of how they handle most of their cases, the level of hysteria we get ourselves into is really pretty silly.  For the most part, the abuses and draconian methods that we think of when we talk about the IRS are urban myth.  You would think that the IRS existed solely to imprison the American people, take all of their property and make our lives miserable either through audits that resemble the Spanish Inquisition or by keeping us all in constant terror.

This is not to say that over the decades there have not been some abuses that have earned the IRS as least some of the reputation it is still working to live down.

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IRS Wage Garnishment: Don’t Let This Happen To You

March 2nd, 2010 by admin | Comments Off | Filed in IRS Wage Garnishment

IRS wage garnishment happens to regular, hard-working people every day. It only takes one unexpected financial event to trigger a situation that requires the payment of more taxes than expected. If you don’t have the money sitting there, in your bank account ready to go to the government, you are a possible target for the garnishment of wages.

It Could Happen to Anyone

Jon had worked a regular job for regular wages and had the regular amount taken out of his paycheck for taxes, just like everyone else. He thought that people who had tax problems and faced IRS wage garnishment must be doing something sneaky or tricky that got them into trouble. Jon couldn’t have been more wrong, as he was about to find out.

Jon had been working for the same company for five years, since he had graduated from high school. It was a tough job — construction — but his boss liked him and made sure to find work for Jon even when others were being laid off. He took a part-time second job to make some extra money to pay off his three-year-old pickup truck and to pay down his credit card debt. His buddy, Paul, had a business that put up drywall and they had more work than they could handle. He hired Jon to come in a few evenings a week and on Saturdays to help out his regular crew.

It was a perfect win-win situation: Jon got some extra cash and Paul could have an extra pair of hands without the expense of hiring another employee.

Around the end of January, amongst the bank statements and credit cards bills, Jon noticed something odd.

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Wage Garnishment. The Facts.

February 23rd, 2010 by admin | Comments Off | Filed in Wage Garnishment

by Peter Charles


>>>Do you owe the IRS? Receive Tax Settlement Help Today!<<<

What is Wage Garnishment?

Wage Garnishment is the action of subtracting money from an employee’s monetary compensation( including salary), often as a outcome of a court order. Wage garnishments persist until the entire debt is paid or arrangements are made to pay off the debt. Garnishments may be taken for any form of debt, but familiar examples of debt that result in garnishments include child support, defaulted student loans, owed taxes, unpaid court fines, as well as any other kind of monetary judgment. Read the rest of this entry »

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Do Not Neglect Your Tax Liability – Find Tax Help Today

February 14th, 2010 by admin | Comments Off | Filed in Stop Wage Garnishment

by Adolph Hendrinks


>>>Do you owe the IRS? Receive Tax Settlement Help Today!<<<

If you have not filed your returns yet, or if there are unpaid dues, then the IRS may visit you. But with the availability of Tax Help that is void, you can come out of all problems. There are two things you need to be aware of -
1. For help on taxes, you will need the air force of a consultant, and

2. You have to know about the state tax help options that are void.

You would be building a huge mistake if you reckon that you will be able to successfully avoid the IRS and your payment. But your tax relief help consultant can show you the way to get the official pardon that you want. Read the rest of this entry »

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IRS Wage Garnishment: Living on a Friend’s Couch in 6 Months

February 2nd, 2010 by admin | Comments Off | Filed in IRS Wage Garnishment

by Warren Buflet

IRS wage garnishment can have a dramatic affect on your immediate life, but not just in the obvious ways. It will definitely reduce the amount of money coming in each week, but the intermediate and long-term consequences rippling out from that can be devastating and long lasting. But this sad scenario doesn’t have to happen to you.

Most people think about the obvious when they think about the garnishment of wages, a reduction in income, without realizing the true extent of how much the government can take. A single person could be left with as little as $179.81 per week, or a married person $289.42. Immediately your standard of living would decline. Since rent and food have to be the first priorities, frills like cable and internet have to be sacrificed. Electricity and phone service won’t be cut off immediately so maybe those bills can be put aside until next month. If you live in a cold climate you will probably be turning down the thermostat and wearing heavier clothes when you are home. Read the rest of this entry »

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Wage Garnishment: Can You Live on Only $179.81 Each Week?

January 24th, 2010 by admin | Comments Off | Filed in Wage Garnishment

by Warren Buflet

Wage garnishment is the Internal Revenue Service’s ultimate weapon and one that every taxpayer needs to avoid. It is absolutely crucial that anyone having a dispute with the IRS understands exactly what wage garnishment is and how seriously it can affect everyday life. And, perhaps most importantly, everyone needs to know how to avoid the garnishment of wages entirely. Read the rest of this entry »

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Garnishment of Wages: Can The IRS Really Take My Paycheck?

January 17th, 2010 by admin | Comments Off | Filed in Wage Garnishment Laws

by Warren Buflet

Every day you worry, dreading the phone call or letter that you know must be coming. And, finally, there it is, in your mailbox. You already have money problems, but they are about to become a lot worse. You are making just enough money to pay your bills, but now you have to give up part of your paycheck every week. The letter from the Internal Revenue Service contains the phrase you have been dreading: garnishment of wages.

Anyone in this position has many questions. Can the IRS really take my paycheck? How much can they take? What does the law say in my state? Isn’t there anything I can do about it? A basic primer in the wage garnishment laws will answer all of these questions. Read the rest of this entry »

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Understanding Wage Garnishment

January 15th, 2010 by admin | Comments Off | Filed in Wage Garnishment Laws
by Richie Lindsay 

Do you owe the IRS? Receive Tax Settlement Help Today!

A wage garnishment is a legal procedure through which a percentage of a person’s earnings are withheld by an employer for the payment of a debt. Most wage garnishments are made by court order. Other types of wage garnishments are of legal or open procedures made by the IRS or state tax collection agency levies for unpaid taxes and federal agency administrative garnishments for non-tax debts owed to the federal government. Read the rest of this entry »

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