What Is Wage Garnishment and How Could It Impact You?

FEB 28, 2018-1 MIN
Tax Resolutions Podcast with Tom Scott

What Is Wage Garnishment and How Could It Impact You?

FEB 28, 2018-1 MIN

Description

<div style="text-align: center;"> <iframe allow="autoplay; encrypted-media" allowfullscreen="" frameborder="0" height="360" src="https://www.youtube.com/embed/EPk7RzEp4t4" width="640"></iframe></div> <div dir="ltr" style="margin-bottom: 0pt; margin-top: 0pt;"> <div style="line-height: 1.38; text-align: center;"> <div style="text-align: left;"> <div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; text-align: center;"> <div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"> <span id="docs-internal-guid-68ddc2e0-5e9c-fdeb-2354-ced2e0da857c"><span style="font-family: &quot;arial&quot;; font-size: 11pt; vertical-align: baseline; white-space: pre-wrap;"><i>What are tax liens and levies? I’m going into detail about both today.</i></span></span><br /> <span style="font-family: &quot;arial&quot;; vertical-align: baseline;"><i><span style="font-size: 14.6667px; white-space: pre-wrap;"><a href="http://www.taxresolutionscpa.com/free-tax-relief-consultation/" target="_blank"><b>Click here for a FREE tax relief consultation</b></a></span></i></span><br /> <span style="font-family: &quot;arial&quot;; vertical-align: baseline;"><i><span style="font-size: 14.6667px; white-space: pre-wrap;"><a href="http://www.taxresolutionscpa.com/tax-relief-services/" target="_blank"><b>Check out our FREE tax resource library</b></a></span></i></span> <span style="font-family: &quot;arial&quot;; font-size: 14.6667px; vertical-align: baseline; white-space: pre-wrap;"><br /></span><br /> <div style="text-align: left;"> <br /></div> </div> </div> <div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"> <div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"> <div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"> <div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"> <div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"> <div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"> <div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"> <div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"> <div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"> <div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"> <div dir="ltr" style="margin-bottom: 0pt; margin-top: 0pt;"> <div style="line-height: 1.38; text-align: center;"> <div style="text-align: left;"> <div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"> <div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"> <div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"> <div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"> <div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"> <div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"> <div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"> <div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"> <div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"> <div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"> <div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"> <div style="text-align: left;"> <b id="docs-internal-guid-1bbbbf78-dd97-d69a-7243-e4ca3bc1727d" style="font-weight: normal;"></b><br /> <div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; text-align: left;"> <div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"> <span style="font-family: &quot;arial&quot;; font-size: 11pt; vertical-align: baseline; white-space: pre-wrap;">If you don’t pay your debts, the IRS can use wage garnishment to take most of your paycheck away. </span><br /> <span style="font-family: &quot;arial&quot;; font-size: 11pt; vertical-align: baseline; white-space: pre-wrap;"><br /></span> <span style="font-family: &quot;arial&quot;; font-size: 11pt; vertical-align: baseline; white-space: pre-wrap;">Ignoring your taxes can lead to the IRS collecting them instead. A wage garnishment or levy will only occur </span><span style="font-family: &quot;arial&quot;; font-size: 11pt; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">after you have received many notices and had many opportunities to handle your taxes on your own accord. </span></div> <br /> <div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"> <span style="font-family: &quot;arial&quot;; font-size: 11pt; vertical-align: baseline; white-space: pre-wrap;">If a wage garnishment does proceed, the IRS will decide how much to take. This could be up to 75% of your entire check, leaving you nowhere near enough money if you live paycheck to paycheck like most Americans.</span></div> <br /></div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> <div class="quote-box"> <div class="quote-text"> Ignoring your taxes can lead to the IRS collecting them instead.</div> </div> <div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"> <div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"> <div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"> <div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; text-align: left;"> <div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"> <div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"> <b id="docs-internal-guid-1bbbbf78-dd97-8426-0eea-f19335b17321" style="font-weight: normal;"></b><br /> <div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"> <div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"> <span style="font-family: &quot;arial&quot;; font-size: 11pt; vertical-align: baseline; white-space: pre-wrap;">However</span><span style="font-family: &quot;arial&quot;; font-size: 11pt; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">, there are ways to negotiate with the IRS to avoid a wage garnishment. </span><span style="font-family: &quot;arial&quot;; font-size: 11pt; vertical-align: baseline; white-space: pre-wrap;">Tax professionals can help put forward an installment plan or settlement offer. As professionals, we can take into account your living costs to keep your payments to the IRS under control and within your budget. </span><br /> <span style="font-family: arial; font-size: 11pt; white-space: pre-wrap;"><br /></span> <span style="font-family: arial; font-size: 11pt; white-space: pre-wrap;">Our team gives you a voice in what you can pay the IRS. We can get wage garnishments removed or greatly reduced. So, if you have tax problems, you must protect yourself by hiring a professional. </span></div> <br /> <div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"> <span style="font-family: &quot;arial&quot;; font-size: 11pt; vertical-align: baseline; white-space: pre-wrap;">If you have any other questions, would like more information, or would like to have a consultation at no charge, feel free to give me a call or send me an email. I look forward to hearing from you soon.</span></div> </div> <b id="docs-internal-guid-1bbbbf78-dd97-8426-0eea-f19335b17321" style="font-weight: normal;"> </b></div> </div> </div> <span id="docs-internal-guid-d4784fa5-f798-5ea6-ca66-df4cbb076ee3"></span></div> </div> </div> <div> <span id="docs-internal-guid-50dbc15e-df97-5e79-3128-ec52b756e2c2"> </span></div>