When you owe a large sum in back taxes and related penalties and fees, the IRS may go to extreme measures to collect on that debt. One collection tactic that may be used is wage garnishment, in which the government withholds a portion of each paycheck to put toward the debt balance. While this might seem like a stress-free way to pay what you owe, wage garnishment can, in fact, result in significant financial hardship. Do you rely on your full paycheck to cover rent or mortgage payments, groceries, utilities, and other necessities? If a chunk of funds is going to the IRS instead, you’ll have a hard time caring for yourself or your family.
Taxation Solutions, Inc. is your source for tax help in Indianapolis. One of the things we can do for our clients is petition to have wage garnishments stopped. We’ll present the case illustrating why wage garnishment is having a negative impact on your life, and we’ll negotiate an alternative repayment strategy, such as an installment payment plan.
Our goal is to help you come into IRS compliance without facing the financial struggles that can result from having your wages garnished. Want to learn more? Taxation Solutions, Inc. is just a phone call away!