What is it?
Wage Garnishment is what happens when you owe a debt and keep ignoring it. It is usually a result of a court order of and requires that money be deducted from the debtee's/employee's monetary compensation (includes salary). This process continues until the debt is paid in full; either by an arrangement or the monetary compensation.
Garnishments can be taken for any kind of debt but the most common are: child support, taxes, student loans, credit cards, and unpaid court fines. Fortunately this is always a last resort effort by debt collectors but unfortunately most people bury their heads when they start seeing the past due notices coming in and the harassing phone calls. This will result in a lawsuit by the collector and most likely a wage garnishment.
What Do I Do About It?
Before you let it get there, it is crucial to contact a tax professional and sort things out. Often a good tax relief service offers a free consultation because they understand you need to know where you and the company stand before they can lend you a hand. The best way to avoid any debt penalty is to do this before any action is taken against you, learn when to get help before it gets bad.
If it has already progressed to the lawsuit stage, you need immediate tax resolution service. Do not hesitate when it comes to this. If you don't think you can afford it, the company will build you a payment plan and getting professional help will ultimately get you out of something like a wage garnishment. Be smart about these kinds of things because debt collectors, courts, and the IRS don't joke around when it comes to this. Do your research, find a good tax relief company, and try to prevent this before it happens; it is always good to take precaution and have one at hand at all times.
