The IRS wants half my payday each week what can i do ?? Need help !! They say interest and blah blah i owe them 15,000 dollars
2007-12-19 04:26:18 · 6 answers · asked by Honeyhoney 2 in Business & Finance ➔ Taxes ➔ United States
The IRS tends to garnish wages as a last resort. They use guidelines to determine how much to take--if you have special circumstances (such as unusual medical bills), they will reconsider.
However, your post indicates that you have ignored all previous collection actions. You could have set up payment plan for $250-$500 a month and you didn't.
The IRS did to to you what they do to anybody who won't pay.
2007-12-19 04:33:46 · answer #1 · answered by Anonymous · 4⤊ 0⤋
Contact the IRS and try to set up a payment plan. As mentioned above, a wage levy is a last-resort for the IRS. This matter probably has been dragging on for some time.
As long as you are current with your payment plan, collection action will cease. At that time go to a responsible professional (avoid the pennies-on-the-dollar mills) and see if you may qualify for an offer in compromise.
2007-12-19 05:19:03 · answer #2 · answered by taxreff 7 · 0⤊ 0⤋
IRS says you owe $15,000? What different do you say, and why?
If you can pay the liability in full over 5 years (at about $23 per month per $1,000) you could have automatically got an installment agreement. Call the number on the wage levy and see if IRS will go for it.
2007-12-19 05:45:26 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Did you not talk to them before they took this action? A relative of mine works for the IRS and when he had a field job they usually made payment arrangements. They usually only seize property or garnish wages as a last resort. Uncle Sam will work with you as long as you don't give him the middle finger, which it seems you have. Consider yourself lucky they are only garnishing your wages, they could do a lot more than that.
2007-12-19 05:34:15 · answer #4 · answered by Veritas et Aequitas () 7 · 0⤊ 0⤋
Yikes! Whatever the IRS wants, the IRS is usually going to get. Your only recourse is to hire a tax lawyer and they are pretty expensive. You're going to wind up spending thousands on legal fees to save hundreds.
2007-12-19 04:30:07 · answer #5 · answered by kja63 7 · 0⤊ 0⤋
You need to look into wheter they have income sensitive repayment.
2007-12-19 04:34:22 · answer #6 · answered by jennifer_nh72 4 · 0⤊ 0⤋