The Comfortable Life

Resources for a Better Quality of Living

Home Finances Creativity General Home Beauty EBooks

Cooking Ideas

Work Life Balance

Personal Finance

Online Auction
Information

Student Finances

Frugal & Money Saving Tips

Family Life

Parenting Advice

Tax Information

Home Business Ideas

Insurance Advice

Gardening

Health Related

Investing Information

Real Estate Tips

Career Development

Cleaning Tips

Web Promotion & Traffic Tips

Debt & Credit Advice

Find Knowledge

Buy Soy Candles

IRS Tax Audit Assistant

EBiz Tax Tips

 

 

 

Valerie Garner
Sedro Woolley WA 98284

To Contact Email

 

 

 

Free Tell A Friend from Bravenet.com 

 

     Child Support and IRS Tax Debt - Know the Facts and Help Your Kids

Sensitive Issue: When you owe the IRS and owe Child Support, it's a scary issue. You can't go without paying for your children's needs. But the IRS is breathing down you neck. So who do you pay first? The answer may surprise you.

The IRS issued a Wage Levy on me. But I need the income to pay for my Child Support. Will they still continue to Garnish my wages.

Yes. The IRS will continue to Garnish your wages. The IRS will leave you enough money to pay for your child support and your basic needs. So watch out. Don't think you can dodge a Wage Garnishment just because you owe child support.

Is child support considered earned income?

No. For purposes of calculating the earned income credit, the child support you receive is not considered income.  

Are child support payments considered taxable income?

No. Child support payments are not considered taxable income. This is because income is used to take care of your children. So be careful! Don't include child support payments received when you total your gross income on your tax returns.  

If you pay child support, are you allowed to deduct anything on your taxes or claim the child as an exemption?

 

You may be able to claim the child as a dependent. But nothing can be deducted for the child support payments.  Whoever the child lives with for most of the year is the custodial parent. If you pay child support, the only way to claim the child as an exemption, is to have the custodial parent sign Form 8332 G  "Release of Claim to Exemption for Child of Divorced of Separated Parents."

 Keeping up: The IRS will not stop you from making child support payments. But don't think you can escape your debt easily. If you are having trouble solving your tax debt, look up possible solutions and handle it quickly! It'll be hard to get the IRS off your back, but life will be so much easier when child support is the only big payment you have to worry about.

Now You Have The Smoking Gun...Use it!

Richard Close was an IRS-Hitman. He was a revenue officer who took out anyone that owed the IRS money. He left that behind and now helps thousands of Americans beat Uncle Sam and save thousands of dollars. The IRS-Hitman can help you with your tax debt problems. He has partnered with Tax Defense Network to offer free advice and tips on removing wage, bank, and tax levies; and arms you with the skills to slash your tax debt.

Visit at: http://www.irs-tax-levy-hq.com
Contact: http://www.taxdefensenetwork.com or call 1-888-248-9058

 

 

 

Ads By CbproAds

 
Join the Mailing List
Enter your name and email address below:
Name:
Email:
Subscribe  Unsubscribe 
Free Mailing Lists from Bravenet.com
 

 

 

 

 

 

© Copyright 2003 Templates by thetemplatestore.com