An IRS Garnishment Will Hurt
I have been in the business of helping those with delinquent taxes for over ten years. My company has solved tax problems for over 10,000 clients. We have interviewed over 50,000 prospects. Even with those big numbers, I am always baffled that people wait for the IRS to garnish their paycheck before taking action. This is especially true these days with all the help around. I count at least five companies advertising on national TV. Substantially more use radio. A dozen companies still solicit clients through direct mail. People with tax problems are exposed to companies offering solutions 2 -5 times a week. Of course, the IRS backs that up with constant threatening letters. |
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IRS Garnishment - OUCH That Hurts!!
One of the worst things that can happen if you are a tax debtor is an IRS garnishment or tax levy. Tax debtors can go for years before IRS collection activities finally catch up to them. It seems the sluggish bureaucracy lulls one into a false sense of security. While the delay from tax due to tax levy may be sluggish, the action of a tax garnishment is not. In fact, it may be the harshest financial event you ever experience and should be avoided if at all possible.
We all know eventually the IRS will track you and your money down. The garnishment process does not require a court order or even a hearing. The “Notice of Levy” is mailed to your employer from IRS computers or, if you owe over $25,000, an IRS collections agent. This process makes the IRS judge, jury and executioner, while placing you at the wrong end of the hangman’s noose. In the past, the garnishment notice had a waiting period. This gave you time to make arrangements with the IRS and stop the seizure before it started. Those niceties are now gone as is your next paycheck. |
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