Many elderly people are finding themselves in a rut as the IRS begins to garnish their Social Security checks.
Costa Mesa, CA (PRWEB) December 20, 2011
In recent news, the Senate passed a bill on Sunday that the Social Security payroll tax rate will stay at 4.2%. This means that the Social Security being taken out of one's check is at 4.2%. Considering typical tax rates for an individual are anywhere from 15-20%, Americans can all be thankful it didn’t rise. But while this is Social Security for those not yet receiving monthly Social Security, there are problems on the rise for those who are eligible and rely on their Social Security. More and more Americans are struggling with tax debts they’ve accrued over the past 20 years.
Many elderly people are finding themselves in a rut as the IRS begins to garnish their Social Security checks. Many of these people rely on their Social Security checks as they are their only source of income. So, what happens when the IRS begins taking large amounts of money from the only check a person receives a month and generally lives off of? Well, it can’t be good. Tax professionals are easily able to help these individuals struggling with these problems. They help the tax payer get into compliance, and interfere with the IRS garnishing their wages. This can be a lifesaver for those who rely on Social Security as their only source of income.
About the company: Ideal Tax Solution, LLC is located in Costa Mesa, CA and provides tax negotiation services, preparation and is a collection defense specialist. Their Tax Attorneys, IRS Enrolled Agents, CPAs, Senior Tax Consultants have over 55 years of combined experience working to help American tax payers with the IRS and State Tax Agencies. Ideal Tax boasts an “A” rating with the Better Business Bureau earned through providing excellent services.