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We prepare most type of tax returns:

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S Corporation.

C Corporation.

Partnership.

Payroll.

Amended.

Gary Bode CPA

Gary Bode, CPA is a Master's Degreed, nation wide accountant offering tax and business services. Member of AICPA and NCACPA. Our virtual office provides excellent service to long distance and international clients. Call (910) 399-2705 for a free phone consult.

Client Testimonials

I had a 1099-C for about $135,000. My husband didn't have any withholding on Social Security. His employer couldn't withhold due to incompetence. I felt utter dread wash over me. Memories of owing the IRS before were constantly on my mind. I called a local CPA. Besides being clueless, he wanted to charge me for every question I had about insolvency. I looked on line and found little hope of the countless stories of permanently disabled people like myself getting their student loans forgiven only to be asked to pay taxes on it as if it were income.
Somewhere, somehow, I find an article by Gary Bode. I bookmarked it for when it's time to do the actual taxes. With his excellent help in how to do all of this out of a virtual office I get my part of the work done. My questions got answered, for free. I give a retainer, do what I said I did and wait. I hear from Gary. I go into shock! How can this be? Not only do I not owe on the 135,000....Gary itemizes and after paying what was almost nothing in taxes we get $950.00 back! No more hubby doing the taxes online! I will use Gary Bode as long as he will agree to work with me!
It was so easy, no worries, but professional and top notch. I know I have thanked you Gary but I am so grateful. Thank you ever so much again!

Carla Bray

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Even though Gary enjoys helping colleagues, we no longer provide free consults to other tax preparers. He's happy to consult on an hourly billing basis if our schedule allows.

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IRS Garnished Wages? What is wage garnishment? Back tax CPA accountant explains how to prevent it

By Gary Bode CPA, on June 19th, 2013

Garnished wages? You might have a few moves left. (910) 399-2705.

Garnished wages are one form of an IRS tax levy. IRS wage garnishment usually isn’t a surprise. They send out multiple advance warnings, like Notice CP 501, that culminate in an IRS tax lien. Finally, the IRS attaches (i.e. levies) to the assets listed in the tax lien. I’ll share some tips I’ve learned as a CPA accountant who deals with preventing or stopping wage garnishment, focusing on back taxes.

What is wage garnishment?

The IRS or Court forces your employer to deduct funds from your paycheck and send it to a creditor. Every state has its own garnishment laws. Garnished wages stop when the back tax or other debt is paid.

Find your state’s specific tax laws here with this handy IRS guide.

Consequences of wage garnishment:

  • It’s embarrassing.
  • It’s additional hassle for your employer and sometimes folks get fired for it.
  • Your cash flow decreases.
  • IRS tax liens show up on credit reports. No more credit and potential employers pass you by.

Reasons for garnished wages:

  • Back taxes.
  • Child support.
  • Defaulted student loans.

How to prevent wage garnishment from back taxes

  • Make sure the IRS is correct. Hey, they can make mistakes too.
  • Don’t procrastinate. Typically the IRS sends notices for months. Don’t waste that time.
  • Back tax CPA accountants can sometimes delay wage garnishment. The IRS recognizes that a tax professional needs time to work out your case.
  • If you haven’t filed back tax returns, do so immediately. This almost always decreases the tax and penalties you owe.

“I’ve seen cases of imminent wage garnishment turn into refunds. Strange but true.”
- Gary Bode, CPA accountant

  • I think most CPAs automatically check to see if you’re a candidate for an Offer in Compromise.
  • You can enter into an Installment Agreement with the IRS via Form 9465.

I’m a back tax CPA that deals with IRS levies including garnished wages. I have a virtual office that provides nationwide service. (910) 399-2705.

 

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