How Much Can The IRS Garnish?

How Much Can The IRS Garnish?

The maximum amount a judgment creditor may garnish from a paycheck is 25%, but the IRS is not subject to state exemption laws and they may garnish almost all of a person’s paycheck. In fact, IRS wage garnishments are not really based on what they can take as much as...
Debt Settlement Taxes

Debt Settlement Taxes

Debt settlement is a popular alternative to filing bankruptcy.  It avoids the public embarrassment associated with filing bankruptcy and entanglement with the court system.  However, debt settlement can create tax problems if you receive tax form 1099-C: Cancellation...