Wage garnishment could be filed if you have unpaid debt in court fines, children support, student loans and etc. If a wage garnishment is issued, IRS or state tax authorities can withhold your personal earnings directly from your employers to pay for the unresolved debt. Personal earnings include wages, commissions, even tips and bonuses.

1. Wage Garnishment Tel: 877-485-8272 www.safeharborfc.com The Help You Need. The Results You Expect. p r e s e n t e d b y

3. A wage garnishment is when the IRS or state taxing authority sends a notice of levy to your employer. Your employer has no choice but to keep money out of your paycheck in order to pay an outstanding tax liability. Tel: 877-485-8272 Learn more, visit www.safeharborfc.com © 2011 Safe Harbor Financial Consultants LLC. All rights reserved.

4. Misunderstanding of wage garnishment IRS and States can only keep a certain percentage of your paycheck x Usually what you get to take home is based on how many exemptions you claimed on your W-4 and your pay. What we often don’t realize is that these garnishments don’t always take into account our deductions for insurance, retirement or state taxes. Truth: Wage garnishments are continuing and can often take more than half of your take home pay. Tel: 877-485-8272 Learn more, visit www.safeharborfc.com © 2011 Safe Harbor Financial Consultants LLC. All rights reserved.

5. Wage Garnishment Tips A wage garnishment effects more than your finances – it affects your family and your future. When IRS and state tax authorities garnish wages or levy bank accounts, they choose what, when and how you pay leaving you stuck trying to figure out how to survive on what's left. A wage garnishment, seizure or bank levy can be very distressing. Of course you can deal with wage garnishment on your own, but it is highly suggested that you hire a tax professional to deal with it. Tel: 877-485-8272 Learn more, visit www.safeharborfc.com © 2011 Safe Harbor Financial Consultants LLC. All rights reserved.

8. After the garnishment and her health insurance and other deductions, the lady's paycheck was approximately $12.00. It’s impossible for a family of four to live on $12.00 a month. And, he couldn’t convince the IRS that this was a hardship. Tel: 877-485-8272 Learn more, visit www.safeharborfc.com © 2011 Safe Harbor Financial Consultants LLC. All rights reserved. The structure of this wage garnishment and who is responsible for paying the debt to the IRS was effected by the fact that California is a community property state.

10. The IRS had the audacity to say that it is only a hardship if their house is in foreclosure or they have a disconnect notice from their power company. So, it seems that what they are saying is, you have to default your mortgage or risk your electricity going out before they’ll do anything. Tel: 877-485-8272 Learn more, visit www.safeharborfc.com © 2011 Safe Harbor Financial Consultants LLC. All rights reserved.

11. How to stop a wage garnishment Tip 1: Assess your financial and tax debt situation First list all your debts, back taxes, loans, mortgages and other monthly expense; at the other side, write down all your personal earning, properties and assets. It helps you get a clear picture of your financial situation. Tel: 877-485-8272 Learn more, visit www.safeharborfc.com © 2011 Safe Harbor Financial Consultants LLC. All rights reserved.

12. How to Respond a Tax Lien Notice Tip 2: Find the best resolution to stop wage garnishments There are a lot of ways to stop wage garnishments and you don’t have to pay the full amount of tax debt at once. Please make sure you are taking the right actions to stop wage garnishments, because once IRS garnishes your wage they are not refundable. Tel: 877-485-8272 Learn more, visit www.safeharborfc.com © 2011 Safe Harbor Financial Consultants LLC. All rights reserved.

13. How to Respond a Tax Lien Notice Tip 3: Negotiate with IRS Once you settle the best plan to resolve your tax debt, you have to fill all the paperwork needed and then negotiate with IRS or state authorities to stop wage garnishments. Please note: don’t miss the deadline to file the inquiries and documents! Tel: 877-485-8272 Learn more, visit www.safeharborfc.com © 2011 Safe Harbor Financial Consultants LLC. All rights reserved.

15. While the Revenue Officers likely have this information too, you can't always expect them to give you the answers (remember, their job is to get the debt paid in full as fast as possible.)

19. We help you arrange a solid, long-term strategy for resolving your tax debt

20. Determine if you qualify to settle your debt or establish an affordable tax payment plan

21. Protect yourself from levy, garnishment or other types of seizure from the government