What happens when your wage gets garnished?

Answer 1

Wealthbuilder has good advice. If you cannot a tax advisor, call the IRS on the number shown on the notice of income levy. Tell them you would like to work out an alternative to enforced collection, such as an installment payment plan (you pay the whole debt off over time) or an offer in compromise (you turn all of your net assets including the present value of your net earnings over your living expenses for the next 48 months into a cash payment to them to wipe out the tax debt). In either case all returns must be filed and you must be current with your tax payments for the next few years. If it is a state tax agency, the rules of course vary with each state. In California, for instance, you can forget about the offer in compromise route, they almost never are accepted. You still need to get in touch with the levying agency, they usually prefer voluntary compliance to having to levy on your wages.

Answer 2

It means someone had made a claim against you/income. The most common of these is for child support or past due taxes. As a result, your employer will begin to withhold an amount from your paycheck and send it to whoever garnished your wages.

Answer 3

in most states, max would be 25%. Probably is no minimum. "How can you bargan with them to get them to take less so that you can still pay your other bills. " - That would have been done long before he had to go to court for it. He has had quite awhile to figure this out.

Answer 4

If you have a tax debt that is causing this, a good tax advisor can get it removed or temporarilly stopped while alternate arrangements are made.

Tax Advisor

Answer 5

One fourth of your pay can be taken out by the employer and sent to the courts to be distributed to creditors !!

Answer 6

they take money out of your pay check, I have to agree with answer #1