IRS Problem & Tax Lien Help Group - Offer In Compromise, IRS HelpAbout IRS Problem & Tax Lien Help sitemapContact Us
Site Contents
Offer In Compromise
Tax Relief
IRS Lien Or Levy
IRS Tax Liens
IRS Wage Garnishment
Wage Garnishment
Tax Help
IRS Help
IRS Problems
Federal Tax Liens
IRS Levy
Taxes, Stress & You
IRS Debt
Offers In Compromise
IRS Penalties
IRS Tax Help
About Us
IRS Bankruptcy
IRS Tax Relief
FOI Act & You
IRS Lien
IRS Wage Levys

Offer In Compromise

If You Want to Stop Wage Garnishment, there are ways to go about it

Wage garnishment is something that nobody wants to go through. For whatever reason, if you have a history of not paying your taxes or debts, or if you are somebody whom the average creditor considers unable or unlikely to pay back debts, you are a likely candidate for wage garnishment.

Wage garnishment occurs when the person described above owes a significant amount of money to a creditor who takes legal action to be compensated partially or in whole of the amount owing. It is done through a court order allowing the creditors to receive a determined portion of the debtor’s wages or other income, including tax returns. In essence, a creditor sues the debtor and a judgment is made is favor of the creditor.

How To Stop Wage Garnishment

Of course the best way to stop wage garnishment is to avoid getting into the situation in first place. However, situations may arise where a person finds themselves unexpectedly in a significant amount of owed taxes. In the case of illness for example, a loss of work combined with loss of wages is a common reason why people find themselves unable to pay their taxes. And when interest and other debts get piled up on top of that you could find yourself with a serious financial problem.

And like all problems, the first impulse may be to avoid dealing with them. Not a good idea. This is how people get sued in the first place. If you owe money to a creditor, and make no effort to contact them, or worse, avoid every attempt of them contacting you, they are left no other option than to contact legal authorities.

Now if you don't have a surplus of disposable income, an increased strain on your finances due to wage garnishment is not going to help very much. That's why it's key to contact your creditors and make arrangements with them. If you explain your situation a deal can be worked out. Perhaps your monthly payments can be reduced making your debts more manageable. Either way the outcome is much better than having your wages suddenly garnished.

If it is too late for that and you’re wages are already being garnished, it is still not too late. Although the situation is less favorable than prior to the garnishment, there are still ways to stop wage garnishment. Bankruptcy is the first option as it puts an immediate end to wage garnishment. However, this is a double edged sword as it effectively ruins your credit rating and in the future, should you ever wish to purchase a home, your monthly mortgage will be much higher than normal. Meaning that in the long run, you may end paying more than the debt you had before bankruptcy.

Bankruptcy is better used as a negotiation tool when dealing with the IRS. They want their money but at the same time gamble on the fact that you don’t want to ruin your credit rating. A better way to stop wage garnishment is through negotiation. That’s where the IRS Problem & Tax Lien Help Group comes in. We are experts in dealing with the IRS. If you contact us, we will access your situation and deal with the IRS on your behalf. At the very least, if it can be shown that the wage garnishment is greatly affecting your standard of living, where even purchasing the necessities becomes difficult, in many cases the IRS will work with you.

To get more information on how to stop wage garnishment, get a free consultation from the IRS Problem & Tax Lien Help Group today.

Free Tax Consultation
If you're finding yourself drowning in tax debt, we may be able to help. Get your life back on track with one free 10 minute consultation.

Read what just a few of our clients have to say about our tax relief services.