Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Wage Garnishment and other Tax Relief topics.
A wage garnishment is the second most common enforced collection method used by the IRS to collect back taxes. The IRS receives their back taxes by attaching their tax bill to your paycheck. Each pay period, your check is reduced by a certain amount.
You will receive notice of the applicable wage garnishment per pay period. It is your responsibility to keep track of how much is deducted from your paycheck, and the total amount of taxes turned over to the IRS. Keep this for your records.
Once you have calculated that the entire amount due has been collected (‘paid in full') from your paycheck, and submitted to the IRS, contact the IRS.
At this point, the IRS will release your wage garnishment.
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Carma Spence-Pothitt |