All the information you need to make an educated decision
Wage Garnishment Release
If the IRS garnishes your wages as payment for your federal tax liability, up to 25% of your disposable income on each paycheck can be confiscated to pay off your debt. By law, if a wage garnishment certificate for your funds is approved and ordered by a court, your employer will be required to set aside a predetermined amount of your wages for the IRS. Wage garnishment can make an already difficult financial situation even more desperate, and can be very stressful and embarrassing.
A tax debt expert, like those found within the DebtHelp network, may be able to freeze a wage garnishment certificate or arrange for a wage garnishment release. He or she will work with the IRS to solve your debt situation in another way, such as with an Installment Agreement.
IRS Ends Contract With Private Debt Collectors
Since 2006, the IRS has worked with private debt collection companies to pursue tax debt. This program was recently ended. Here is a short explanation of what that may mean if you need tax debt relief.
Top Five Ways to Stop Hating the Month of AprilIt's April again, and for many Americans, that means that their tax debt is about to get bigger, as it does every year. This is problematic, because interest and penalties pile up quickly. Here are five ideas on how to combat this troublesome dynamic.
IRS Ends Contract With Private Debt CollectorsSince 2006, the IRS has worked with private debt collection companies to pursue tax debt. This program was recently ended. Here is a short explanation of what that may mean if you need tax debt relief.
The IRS and Your Tax Debt: Who Pays and Who Gets Away?Will the IRS go easy on you or let you have it with both barrels if you owe back taxes? It depends.
IRS Form 982: Avoiding Tax on Debt ReliefThose with mortgage problems may qualify for tax relief on their mortgage debt forgiveness. Here's how.
IRS Spousal Tax Relief
It is not necessary that a couple be divorced for a spouse to seek tax relief. There are actually three different…
IRS Wage GarnishmentIf you fail to pay your federal taxes, the Internal Revenue Service (IRS) has a variety of methods that it utilizes to obtain due money – none of which will be better for financial situation that paying outright. One of the most debilitating…
IRS Powers to Collect DebtIn 1988, real estate tycoon Leona Helmsley faced a prison term for defrauding the U.S. government of $1 million in…
IRS Offer in CompromiseMany lawyers specialize in IRS negotiation strategies. A competent lawyer (sometimes a former IRS agent him- or herself) can turn a $50,000 debt into $8840, $105,000…
IRS and Penalty AbatementPenalty abatement gives you the opportunity to plead your case to the IRS. Unlike most other claims for…
