noboby can garnish your income tax except for the government. Unless they take you to court. If they do that file chapter 7.
Yes....but not your federal income taxes.
IF they have a JUDGEMENT for the balance due, they can garnishee your wages. Income taxes?? NO
Yes, it can. Taxes owed are garnished from all sorts of income, unfortunately.
Up to 25% of your disposable income. Disposable income is gross - taxes.
Hello, As per the information I have..... In Texas, you can only be garnished for state taxes, not for private debt. :) Thanks! This is not legal advice, just a friend helping another :)
Yes
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.
yes
yes
Only if a judge makes such a ruling after a suit has been filed against you.
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.
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.