The answer depends upon how you paid the premium.
If you paid the premium entirely yourself using after tax dollars, the benefit is completely tax free.
If you paid through pre-tax payroll deductions at work, the benefit is subject to taxation, and you must declare the income on your federal return.
If your employer shared in the cost of your premium, then the benefit is also taxable.
Your insurance company will likely send you a 1099 statement if the benefit is considered taxable.
The IRS can put a levy on your bank accounts if you owe them money and have not paid them. It means they can take your money, whether you want them to or not.
No. The IRS doesn't take your tax refund unless you owe the government money, government insured student loan arrears or child support arrears. It does not collect money on behalf of banks. However, if you deposit your check in your bank account it can be frozen by a creditor and the funds taken.
Old statements, IRS, after all the IRS allowed you not to pay taxes on that money so they should have verification as to where it went.
Yes if you filed a join tax return Or you have a join bank account. IRS will garnish 401k because they see it as a income.
zero Wrong. 8%
no
sometimes
if you know someone who owes income taxes and never paid you, and is receive disability can you take his disability?
Technically, that money has to be reported to the IRS, which would offset your SSI benefits, so yes, it could be reduced or withdrawn completely.
Yes if you owe the IRS money your tax refund will be offset, and usually if they are aware that you owe them money, they will offset it immediately.
No. Since you are black, its obvious you already get free money from welfare. The IRS only bothers people with jobs.
If you mean IRS money owed to you, they will first take that money, called a refund and then look for the balance. Yes, they can and they will. They will attach any IRS refunds you have coming to you. It may not happen the following year, but eventually it will be deducted, with interest.
The IRS are fairly prompt with cashing checks. The IRS cashes checks for money owed to them within a week and most of the time it is within three days.
Only if you owe them, then yes, they can take your car, house, check, T.V.. They could auction everything you own to get their money. You are guilty until proven innocent with them also! It is one group you do not mess with!
yes
No. The IRS can only offset your refund if they have already made an assessment against you.
If you are Canadian , I imagine your Inland Revenue is much like our IRS , and they can seize pretty much anything you own. Intercept tax refunds, garnish wages, whatever.Get a Tax Attorney if you still have any money left, and at least demand an audit, if you think this was a mistake.