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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.
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You can call the Department of Treasury. 1-800-304-3107. This is an automated system where you just put in all of your information and they will tell you whether an offser wil…l occur, and the information as to who is doing it.
Government (backed) Student Loans (like a few other things...child support, legal fines, that type of thing) are given a special, very priority place as an obligation in most …all matters...they aren't even able to be dismissed or really subject to a bankruptcy action. Actually, it isn't the return, but rather the refund that is being taken (usually entirely) under a slightly different right (offset) and used for the debt, (not garnishment). They can garnish up to a certain percentage of your on going earnings...and if you didn't have things like a refund coming to get some payment from, would (and may still) do so. Essentially, this all means it is a debt that must be satisfied to prevent continued collection. You can get help with your defaulted student loans by clicking on the link at the bottom of this text box.
The following rule applies to "regular" SSI benefits and may also apply to disability payments, but check with the Social Security Administration to be sure. If you have a t…otally separate bank account, either checking or savings, and no money from ANY source other than Social Security has EVER been deposited into it, then that money is protected from garnishment by ANY source, even the IRS or state tax authorities. I started a separate savings account and my monthly payment is direct deposited into it. Then, as I need money, I transfer it to checking for paying bills, etc.
NO THEY CANNOT. ONY FEDERAL AGENCIES LIKE CHILD SUPPORT, STUDENT LOANS,ETC.
They can keep it all.
Yes, certainly. Anyone can garnish any asset you have, as long as they have a court order to do so. That's what protection from search or seizure without due process of …the law is all about. In this case, due process would involve you being served notice that the case was going before a court (giving you the chance to tell your side of the story), and the judge either will, or will not give the order to garnish. One thing for sure, if you don't appear, you lost.
Other creditors cannot attach or get the check directly. HOWEVER, as soon as it is deposited or cashed, it becomes yours and is no longer connected to the government in any wa…y, and it is fair game for anyone with a judgement/right to collect the debt.
If this is about the income tax refund offset program through the FMS. You can use the below enclosed information and phone number. The Department of Treasury's Financial Ma…nagement Service (FMS), which issues IRS tax refunds, has been authorized by Congress to conduct the Treasury Offset Program. Through this program, your refund or overpayment may be reduced by FMS and offset to pay any past due child support, Federal agency non tax debts, or state income tax obligations. Go to the IRS gov website and use the search box for Topic 203 - Failure to Pay Child Support, Federal Non Tax and State Income Tax Obligations For additional information, FMS can be reached at 800-304-3107.
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 with…hold your taxes...i.e. back taxes, child support, student loans etc...
Yes, the state and the government can garnish your income tax return. Call and make arrangements before this happens as this will involve several people at your employme…nt. People do not keep quiet about things like this and everyone will know. Not only that, but you could lose a sizeable amount of income that you need to live on monthly until the total balance is paid. If you make arrangements before this happens and you keep the arrangements, this can be avoided and will help your credit in the long run. Good Luck!
Answer No. The judgment creditor can, however, execute the judgment as a wage garnishment or bank account levy or any other methods allowed unde…r the laws of the state.
No. Other government agencies can offset your IRS refund through the Treasury Offset Program, but a private entity (like a bank) cannot.
Yes, if you are in a Default Status for your Federally Guaranteed student loans, then your tax refund will be withheld. It does not matter that you are voluntarily repaying. … The default status is the only thing that matters. If you need help getting out of default, or getting a garnishment lifted, then contact Default Management Services, Inc. for help. You can Google the name for a phone #. Ask for Doug, he is knowledgeable.
Yes, if the agency she owes money to has filed paperwork with the IRS and/or your state tax agency. If they garnish the joint refund, you can submit an injured spouse claim wh…ich is a request to have the refund split (usually according to how much of the income on the return belongs to each of you). The amount of the refund that belongs to her will be applied to her outstanding debt and the amount of the refund that belongs to you will be sent to you. You have a limited time to make this claim after you are notified that the refund was withheld to pay her debt, so read your notice carefully. If it's a joint debt, then you cannot make this claim because you both owe the money. Usually tax refunds are only garnished by other government groups (federal, state, or local), publicly funded schools, and student loan companies, but there may be others.
Yes, in the sense that the garnishment comes out of your net paycheck, i.e. after you have already had taxes withheld on the gross pay. It is just as if you received y…our full net pay before garnishment, then turned around and submitted the garnished amount to the garnishing agency.