No, the IRS does not have the legal power to take such action.
yup
As an asset, it can be attached, even in cases of retroactive support for a child the man never knew existed.
401k's can be seized for child support. For college payments or attorney's fees, not likely.
No, child support cannot attach or garnish a 401K plan. They can only garnish wages earned and not employee benefits.
Contact your State's child support agency. Be polite but persistent. Good luck!
If the court ordered support is in arrearage, all assets of the obligated parent are subject to seizure.
It is possible for the state to garnish your 401k to satisfy back child support payments, but it depends on the laws of the specific state. In some states, retirement accounts like 401k may be exempt from collection for child support arrears, while in others they can be seized. It is advisable to consult with a legal professional or a family law attorney in your state to understand the specific regulations and protections that may apply.
Yes, once it becomes part of a bank account or similar asset.
He may, but the funds in the 401K, as well as any other assets he has, are subject to a lien by the State to collect the past-due support.How do I go about getting a lien if he lives in another state??Contact the child support agency in your state; they can coordinate this with the child support agency in his state. Be insistent/persistent. Good luck!
Not for child support, but if arrears exist, as an asset, it is attachable. It can only be considered when if as an old fart, and retired while collecting it, he gets a young chickie pregnant. I had a case of that involving a 92 year old man.
check wif ur work
You'll need to go to court to obtain a Qualifying Domestic Relations Order (QDRO) which will allow the back child support to be drawn from the owing parents 401k. Get a lawyer who knows how this process works, especially if you are dealing with multiple states.