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yes, they can take any assets you have
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∙ 12y ago
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What happens when your income tax refund is garnished for debt?
So you were expecting a tax refund from the IRS after you filed a tax return. Insteasd of getting your refund, the IRS sent you a letter saying that your refund was used (garnished) to satisfy your back tax debt. What is going on? This means that you have a back tax liablility with the IRS and the IRS will take your refund to satidfy that debt. If you got your refund check garnished and you were unaware you owed the IRS, you need to take care of this situation fast. The IRS can start enforced collections against you and go as far as garnishment of your pay and levy your bank accounts. You can find out more at wallysworldoftaxes.blogspot.com.
Can someone put a levy on your tax return?
In the United States, a levy can be put on your tax *refund* by various means. (Your tax return is the paper you file with the IRS.)
What does levy taxes?
A levy is a seizure of money or property to satisfy a tax debt. A levy is different from a tax lien. A lien is collateral placed on property for a debt. a levy is physically taking the property.
What does levied mean?
A levy is a seizure of money or property to satisfy a tax debt. A levy is different from a tax lien. A lien is collateral placed on property for a debt. a levy is physically taking the property.
What is levying taxes?
A levy is a seizure of money or property to satisfy a tax debt. A levy is different from a tax lien. A lien is collateral placed on property for a debt. a levy is physically taking the property.
How Long will take for your tax refund if you owe?
Ahhhhh . . . you do not get a tax refund if you owe. You pay them.
Can the government take all of your tax return due to delinquent student loans?
It can take your tax refund.It can take your tax refund.It can take your tax refund.It can take your tax refund.
How long will it take to get federal tax refund?
Im never refund federal tax, like a boss.
How long it will take to get tax refund?
The length it takes to get your tax refund is dependent on how you filed your taxes and the complexity. Time to receiving a refund can take anywhere from 2 weeks to 8 weeks.
How long will it take to get my tax refund?
The length it takes to get your tax refund is dependent on how you filed your taxes and the complexity. Time to receiving a refund can take anywhere from 2 weeks to 8 weeks.
Can the IRS take you tax refund if you have a defered student loan?
If it is in deferred status, they will probably not take your tax refund. If your student loan is delinquent, then they will be seize your refund and put it toward your debt.
Can federal tax refund be taken to satisfy default car loan?
Not at the IRS, but once it's sent, it loses it's identity.
