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Can a lender garnish your wages and income taxes after repossession?
Wiki User
∙ 8y ago
IF they have a JUDGEMENT for the balance due, they can garnishee your wages. Income taxes?? NO
Wiki User
∙ 8y ago
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If your car is repossessed can they garnish your income taxes?
Not normally. They can however file a non wage garn and get your taxes when you deposit them into your checking or savings account. Usually only, government and state can withhold your taxes...i.e. back taxes, child support, student loans etc...
What is Form 4506-T?
This is a form that is signed by a borrower during the loan process that allows the lender to order an income tax return transcript from the IRS. This is used to verify that the lender has been provided with accurate income taxes. They have become more prevalent since the housing market crash.
Can you get a VA loan if you owe federal income taxes?
i just found out that i had to pay back this year for federal taxes i just madew an offer and it was aceppted so is can i still get my va loan for a house i was already pr quailtfied by my lender before i did my 2012 taxes
How long should a person wait after a chapter 13 bankruptcy is dismissed to file income taxes for that year to guarantee to receive the refund?
You have to file your income taxes yearly regardless of whether you have filed for bankruptcy or not. Yes, IRS may garnish your refunds to pay toward your debts. If your bankruptcy is over however, you don't have to worry about that.
Can private student loans garnish your income taxes?
Yes, they can and if you don't call them to take care of it, they will. I have seen it happen to more than one person. They will give you a chance to get your loans out of default, but if you move wrong, you will lose that privilege.
Is it legal in MI for the lender to garnish your income taxes?
Yes....but not your federal income taxes.
Is it legal in KY for the lender to garnish your income taxes?
noboby can garnish your income tax except for the government. Unless they take you to court. If they do that file chapter 7.
If you have vehicle repossession that is less than 3 months old can the lender or in this case collection agency file a judgment against your income tax return?
I found the answer to my own question as I contacted an attorney in my area...For those of you who would want to know the answer is NO. A lender or collection agency is not able to take your yearly income tax return if you have a deficiency from a vehicle repossession. The only thing they can do regarding your taxes is file a 1099 form if they chose to forgive the debt which would mandate that you report the amount as income on your tax return to which you pay taxes against it.They can however file a judgment against you and in some states can garnish your wages but that varies.Hope this helps.
Can the IRS garnish private disability income?
Yes, it can. Taxes owed are garnished from all sorts of income, unfortunately.
What is the percentage sallie Mae can garnish from you per garnishment?
Up to 25% of your disposable income. Disposable income is gross - taxes.
Can IRS garnish a 1099 employee?
The IRS can garnish a self employed or 1099 employee. If income taxes are not paid, the IRS has the right to attempt to retrieve them.
Can they garnish your income taxes in Virginia for car reposession?
Only if a judge makes such a ruling after a suit has been filed against you.
Can NC Dept of revenue garnish retirement income?
Yes, the North Carolina Department of Revenue can garnish retirement income to satisfy unpaid taxes. They have the authority to collect delinquent taxes by garnishing wages, bank accounts, and other sources of income, including retirement income. However, there are certain exemptions and limitations on the amount that can be garnished from retirement income.
If your car is repossessed can they garnish your income taxes?
Not normally. They can however file a non wage garn and get your taxes when you deposit them into your checking or savings account. Usually only, government and state can withhold your taxes...i.e. back taxes, child support, student loans etc...
Can the state of MD garnish your bank account without notice because of your 2003 taxes if your only source of income is Social Security Disability?
No, they can't attach levy on SSDis benefits if that is your only sourec of income.
If you receive ssd and some income can creditors garnish wages?
In most cases NO. However, student loans, child support and taxes payments aren't exempted from granishment.
What taxes are higher corporate or income taxes?
income taxes
