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didn’t work to file taxes and there was $50. taken out of my checking. Says it was a state tax levy?
Question by DeputyD: didn’t work to file taxes and there was . taken out of my checking. Says it was a state tax levy?
What is that about? I go to school and live at home. I owe the IRS nothing
You’re right it wasn’t the IRS it says a state tax levy and i know being a student doesn’t prevent me from paying but i don’t have a job and haven’t filed taxes in a couple of years so i don;t owe anythin gand no letter has come to me…
Answer by StephenWeinstein
The IRS only does federal taxes, not state taxes.
A state tax levy is from the state government, not the IRS.
What do you think? Answer below!
If you are suffering from large amounts of debt, you are probably already familiar with a wage garnishment. For those of you who are not, a wage garnishment is a fairly common tactic used by creditors to collect a debt where they take a portion of your paycheck. How do they do it? They can actually get a judgment from a court to take a percentage of your wages to pay a debt that is owed to them. Wage garnishments do expire, but creditors will often renew them with the court or take further action if you still owe on the debt.
So what are the laws on wage garnishments in Missouri and Illinois? A creditor is allowed to take up to 25% of your income. It is limited to 10% if you are head of household. These minimums don’t apply to every debt. Creditors can take up to 65% if the garnishment is for a child support debt. Your employer isn’t allowed to fire you solely based on the garnishment but they will definitely be made aware of your financial trouble, which could be embarrassing.
Luckily, you can stop a wage garnishment. You can stop a wage garnishment immediately by filing for bankruptcy–even those for back child support or alimony. And either chapter 7 or chapter 13 can stop your garnishment. Not only can chapter 7 and chapter 13 bankruptcy in Missouri and Illinois stop a wage garnishment but it can also typically even get the money that was garnished back. Preference, a bankruptcy process, can actually help you recover some if not all of your garnished wages. You can recover some of your garnished wages through preference. The U.S. Bankruptcy Court defines a preference as, “a debt payment made to a creditor in the 90-day period before a debtor files bankruptcy that gives the creditor more than the creditor would receive in the debtor’s chapter 7 case.” A preference means that money that was collected by the creditor in a certain period of time before filing (usually 90 days) can be recovered and given back to you.
The protection of the bankruptcy code is powerful and the ability to stop a wage garnishment is just another example. If your wages are being garnished, you would be well-advised to contact a Missouri or Illinois bankruptcy attorney immediately. Often, people aren’t sure when to file bankruptcy or when they can say, “enough is enough.” If you are at the point of receiving a wage garnishment, it is definitely time to at least look at your options. Most bankruptcy attorneys in your area will offer free consultations but the best bankruptcy attorneys will offer you articles, blogs, and books full of information before you even set foot in the door. Make sure you truly research an attorney that has enough experience to really help you stop your wage garnishment and get a fresh start on your debt.
Missouri Bankruptcy attorney James Brown has been working to relieve the debt of average, hard-working American families for over 15 years. He has dedicated his career to educating consumers about their options for debt relief and has consequently released 5 publications, including, “Get Out of Debt: Secrets Your Creditors Don’t Want You to Know.” You can find more information by visiting his website at http://www.CastleLaw.net .
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Question by Vanessa F: Does a parent of a deceased adult child have to pay the child’s tax debt?
My mother filed my deceased brother’s tax returen and claimed the refund. She now recieved a letter claiming that she owes his tax debt. Is she liable to pay this debt back?
Answer by Joe
My understanding of this issue is that you aren’t liable for anything. In fact, if you get a number of copies of his “proof of death” (POD, or death certificate) you can contact all the companies and government agencies sending him bills and get them all stopped without paying any of them if you just send in the PODs in lieu of payments. Check with a tax accountant to determine if and how you might be eligible to receive any refunds due to him. You’ll need copies of PODs in order to access the money he might have in bank accounts and assets he has in any brokerage accounts.
Good luck with all of this. I’m sorry for your loss.
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If you choose a taxi Professional help you to negotiate with the as to pay back taxes, you will definitely want an enrolled agent (EA) must be examined. Many people do not even know that there is the person in question. If they know there are enrolled agents, they are not sure what they are doing and what they demand. Once you understand the function of the EA, you should have this important resource on your side during a deal with the
An enrolled agent is someone who was released by the United States Department of the Treasury (USDT). He or she has represented the power to the citizens in their dealings with the An enterprise architecture can help you present yourself in anything to do with inspections, complaints, or collections.
There are many other professionals around taxes, so you wonder what an EA can do for you what others can not. Firstly, the EA is a step beyond a CPA because he or she was initiated into the Functioning of the> IRS and can make them to your advantage. Second, he or she has a better idea than most lawyers because a lawyer is usually permitted only in one state, while an EA is licensed in 50 states.
If you ask an EA, one realizes he or she knows what’s going on in the tax world.
There is no easy task, to be there, so that the title itself is its own best recommendation.
To be licensed as one, you must either have worked for the fiveYear and uses the tax code, or regularly taken a comprehensive review, with all the advantages and disadvantages has to do with taxation. For this reason, you know that you are hiring someone who can help you with insider knowledge, you are only as someone who understands the inner workings of an organization that can. An EA is a step ahead of me, either you or the and help you hold to as much money as possible.
A licensed agent will be registered USDT invaluable to you if youare in a position where you have to talk with the Whether you’re in front of a trial or the appeal, or have one on a payment plan for back to decide tax collection, an EA is the best place for support
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