Wage garnishment is a legal procedure in which a person’s earnings are required by court order to be withheld by an employer for the payment of a debt. Common sources of wage garnishment are consumer debts, student loans, and child support. Until the debt has been resolved by being paid in full or by another resolution, your wages will be withheld.
Two Types Of Wage Garnishments
The two different types of garnishments are federal law-based garnishments and state law-based garnishments.
Bankruptcies, creditor garnishments, federal tax levies, federal administrative garnishments, and federal student loans are all examples of federal garnishments.
On the other hand, child support, alimony, state, and municipal taxes and student loans would be examples of state law-based garnishments.
What To Do When You Get A Garnishment Judgment
First things first, you should carefully read the garnishment judgment to ensure that all of the information is accurate from the IRS and make sure it’s not something you’ve already paid off and that it’s currently your tax debt. There are three ways you can go about your garnishment judgment.
Challenge The Judgment
You’re able to challenge the wage garnishment judgment in court if you believe that the garnishment truly made an error or is being carried out incorrectly. You’d have to act quickly though because there’s a deadline of 5 business days to contest the ruling of garnishment judgment.
Come To A Different Agreement With Creditors
You can change the flow of your playing field just by one conversation with your creditor. Consumers tend to underestimate the power of a conversation. Take a look at your budget, inspect the amount you owe, and how much of it you can pay, and then give your creditor a call to see if there’s any possible way to work out a payment plan that works for you. Communication between your creditor is important as a consumer.
Accept The Garnishment Judgment & Pay
The garnishment can be satisfied in either full or in installments as the judgment specified.
Don’t keep yourself lying awake at night feeling anxious about a judgment, wage garnishment, or a tight budget. IRS Fresh Start Program is here to support you, and we have the expertise and successful track record to ensure you receive the best outcome and debt relief.
Resolve Your Tax Bills
If you’ve found yourself in a nasty mess with the IRS, take a deep breath. For taxpayers who may have difficulty paying off an excessive amount of tax debt, there’s a new and improved relief program that consolidates many major relief programs into a one-size-fits-all assistance program. Any issues regarding back taxes, unfiled years, or any other tax-related problems may be solved through one program; the IRS Fresh Start Program!
How Simple Is Qualifying?
Considering that the Fresh Start Program is a federal program, you would think meeting the qualifications may be very difficult, but really, it’s a lot simpler and quicker than you think. Take the following steps in order to find out if you are eligible in as little as 3 minutes.
- Fill out some basic information about yourself and your back taxes here.
- Have a representative reach out to you to discuss your eligibility.
- Go through the enrollment process and finally reduce or eliminate your tax liabilities.
