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| Tax Issues Personal and business taxes. Federal, state and local income taxes, sales taxes, etc. |
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Apr 21st, 2007, 11:50 PM
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#1 |
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Junior Member
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Apr 21st, 2007 11:51 PM Join Date: Apr 2007
Posts: 1
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Wage Garnishments
I owe back taxes to the irs for 2001-2002 in the amount of $14,000 they are garnishing my pay 25 percent i never recieved any notice or forewarning except from my employer right before i dont deny that i owe im not sure how much but now the department of education is going to garnish another 15% they say my $5,000 dollar student loan is now a $15,000 debt I know im an idiot for not taking care of my debts earlier but i am not in the financial position to handle this
IS THERE ANY WAY TO DRASTICALLY REDUCE THESE FIGURES AND THE AMOUNT OF MY GARNISHMENTS SOMEONE PLEASE HELP THANK YOU |
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Apr 23rd, 2007, 12:10 PM
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#2 |
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Posts: n/a
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Re: Wage Garnishments
Not really they can take up to 50% cumulatively.
You could apply for a hardship exception if such hardship exists--medical issues etc |
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