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If you don't own it, they can't take it, unless you made a fraudulent transfer or unless the trustee failed to treat the trust as a separate entity.
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∙ 11y ago
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Does a spa have to be leveled to connect pump?
Yes it does and trust me I'm a builder.
Will the IRS allow me to use my 529 trust account to cover off campus housing or groceries?
Will the IRS allow me to use my 529 trust account to cover off campus housing or groceries
Can IRS take unemployment money from bank account?
IRS can take whatever they want as long as they have the judgement or proper lien papaerwork filed. They are amazingly efficient when it comes to attaching liens and they gooble up bank accounts like pacman. Put the account in trust for someone else and you be the custodian. Solves that issue. Forget having a bank account if you owe the IRS.
What chemicals use in hair SPA?
the chemicals that are used in hair spa are bad bad stuff. and you can loose hair and get hair lice for over a year. (p.s. never trust the people that work in hair spa)
Can the IRS take your pay check?
can the IRS take a deduction on your check without agreement
Can the IRS put a levy on funds in a family trust?
Yes, the IRS can place a levy on funds that are held in a family trust. However, they usually only place liens on this type of account as a last resort.
Will the IRS take property if taxes are not paid?
Yes, the IRS can take your property if you do not pay your taxes. It is called an asset seizure The likelihood of that happening is lower today that it was a few years ago. The IRS is not into seizures right now. They will more than likely levy your bank accounts, wages, or investment accounts before they take your property.If you need help paying your back taxes, you can find out more information at wallysworldoftaxes.blogspot.com.
Does SPA Trust asset protection work in bankruptcy?
It can, provided the trust is written properly and, often more important, the transfer of property to the trust is not able to be considered a fraudulent transfer. You should consult an attorney to see if it would work for you, because everyone's facts are different. Todd H's experience: "I put a home in a SPA Trust a couple years ago and recently went through a business and personal bankruptcy. We disclosed everything to the bankruptcy judge and he said it was perfectly legal and a SPA Trust is not included in bankruptcy. I still have a home to show for it."
How can your Sim buy a spa in Sims 3?
Firstly your Sim must go to Town Map > Spa > Become Partner. Then, if you wish they can buy out the Spa by going to Town Map > Spa > Take Over Business. This will allow them to own the spa. They can collect their profits once a week from the spa, and, if you wish, rename the Spa.
Can the IRS take your 401k or IRA check for back child support in Georgia?
No, the IRS does not have the legal power to take such action.
Do banks report to IRS trust check amounts issued?
You should know that this is done the IRS and the trustee each receives an information showing the amount of income that was received for the year and that information would be used to report the income on the trust income tax return.
What is the purpose of IRS form 1045?
The purpose of an IRS form 1045 is an application for tentative refund. The form is used by an individual, trust or estate to apply for a quick tax refund.
