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IF they have a JUDGEMENT for the balance due, they can garnishee your wages. Income taxes?? NO

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โˆ™ 2015-07-14 16:07:08
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Q: Can a lender garnish your wages and income taxes after repossession?
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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.


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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.


What taxes are higher corporate or income taxes?

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If your car is repossessed can they garnish your income taxes?

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What is the difference between income taxes and state taxes?

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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?

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An individual taxpayer using the 1040 federal income tax return earned income worked for income and the related income taxes and the personal income taxes would be the same thing on the 1040 income tax return.


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The state itself will collect income taxes from its citizens if it is a state that collects state income taxes. 43 of the 50 states collect state income taxes.


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.


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a credit to deferred income taxes payable


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In Texas if you are making payments can the lender still garnish your wages?

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 :)


Are federal income taxes deductible for federal corporate income taxes?

No, they are not.


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


What are the three sources for state revenue?

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