IRS Wage Garnishment

IRS Wage Garnishment Assistance

Imagine that it’s payday, you check the amount of your paycheck, and it is significantly lower than usual. You are concerned and don’t understand why until you recall that IRS Notice of Intent to Levy about a month ago, and you forgot to address it (or maybe ignored it). Now the IRS is taking portions of your paycheck each month, in some cases, up to 70% of your income. What a nightmare! Unfortunately, this happens to many people every year.

Can The IRS Garnish Wages For Taxes Owed?

If you owe back taxes, unfortunately, the IRS can garnish your wages as a means of collecting the full amount of money owed. While other creditors can also garnish wages as well, the IRS can do so without getting a judgment first and can take more than what a regular creditor would. They contact your employer, who then has no other option but to comply.

What Happens When The IRS Garnishes Wages?

There is a State and Federal limit to the amount that most creditors can take from your wages, but for the IRS, the tax code only limits the amount the IRS is required to leave in your paychecks. And don’t be mistaken, the IRS will take as much as it can and only leave you with the minimum amount the tax code says is required for basic living necessities.

How Can 4Corner Help With Wage Garnishments?

At 4Corner, we are often contacted and retained to negotiate and arrange a payment plan for the release of wage garnishments from the IRS. For most, the idea of a payment plan negotiated by 4Corner is much preferred over the IRS wage garnishments. By doing this, you can still receive your whole paycheck, pay an amount that is more reasonable, and put your fears of future wage garnishments to rest.

Contact 4Corner Today

If your wages are at risk of being garnished or you are already affected by wage garnishment, schedule a free consultation with 4Corner to see how we can help.