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Question
My employer just got a wage garnishment/levy notice from the IRS for me today. He's basically planning on firing me because he doesn't want to deal with all this, nor would I work for $750 a month. If I start my own business what do I need to do to protect myself from levy's and garnishments.
It is very difficult to avoid IRS levies. Normally by incorporating or LLC you can avoid attachments on personal earnings but IRS can pierce that vail. Your best option is to negotiate a payment plan or hire a tax attorney or CPA to negotiate for you. They tend to have relationships with the IRS that is most valuable. We have a CPA in our alliance that may be able to assist in negotiating for you. For more information call 877 270 8204.
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Answers by Expert:
Michael Brotherton
Expertise
Consumer/Debtor Rights Advocate. Mike Brotherton is a negotiator with over 30 years experience in consumer lending and collections. Mike has 30 years in the credit and collections industry as a former loan officer, debt collector and manager of two finance companies over several years. Mike is well versed in Loss Mitigation practices and the legal collection process. He has helped literally thousands of people over many years overcome serious financial problems such as foreclosure, creditor lawsuits and abuse by debt collectors. For more information about resolving your "financial emergency" visit www.financialemergency.com. FinancialEmergency.com is a consumer web site which actively promotes Fair Debt Collection Practices and other consumer protection laws. We teach DEBTOR RIGHTS and enforcement of those rights. The more informed you are of your rights and the credit collections practices of creditors the more peace you can have dealing with your FINANCIAL EMERGENCY. Most financial problems are fairly common and as such have some very common solutions. The key is understanding your rights in the collection process and how to enforce them if need be. Primary business- Debtor Rights Advocacy and Debt Mitigation relating to foreclosure, creditor lawsuits, and other serious financial problems. www.financialemergency.com (copy and paste in browser).
Experience
Over 40 years combined experience negotiating disputes and resolving financial issues related to consumer debt, corporate issues and mortgage modifications.
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