Not directly. Once the funds have been deposited into a bank account a judgment creditor could levy the account for the debt owed.
There are several factors that come into play when it relates to the attachment of a bank account by judgment creditors. For example, how the account is set up, JT, JTWRS, TBE, and so forth. The majority of U.S. states only allow a creditor to levy and account once. After that the creditor has to return to court and have the judgment refiled as a second levy if the full amount of the debt was not obtained in the original action.
I had a car that was financed through HSBC repossessed last year. It was repossessed. Can HSBC take my federal income tax refund for this repossession?
If you are not delinquent with your student loan, your federal income tax refund will not be garnished.
yes - it can be garnished for any federal obligations
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.
YES
It is unlikely that a tax refund would be garnished for past due medical bills. Generally refunds can only be garnished for certain things, and medical bills really aren't one. Tax refunds are garnished in instances of: child support arrearages past due federal tax past due state income tax unpaid federal student loans government program repayments However, if you deposit it into an account that they have the right to garnish, the funds lose their identity as a tax refund.
I had a car that was financed through HSBC repossessed last year. It was repossessed. Can HSBC take my federal income tax refund for this repossession?
If you are not delinquent with your student loan, your federal income tax refund will not be garnished.
Yes. If you owe the federal government money, the Department of the Treasury can withhold your income tax refund to satisfy the debt.
yes - it can be garnished for any federal obligations
Im never refund federal tax, like a boss.
If the judgment is for state or federal taxes then any refund is subject to seizure by the agency holding the judgment. If it is a creditor judgment, a tax refund would only be subject to attachment if it were placed in a bank account that was being levied by the judgment creditor.
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.
No, when filing for the state income taxes, you will receive your federal income tax refund as well as your state income tax refund.
Married tax credit and children's tax credits can cause a refund to be larger than what was withheld.
When you file for the federal tax refund, you will file the state tax refund on the same 1040 form with schedule A.You can also file for that separately.
If you have a job on top of the assistance, that money can be garnished. Anything you might get back for income tax refund can be taken also. The government assistance can't be garnished.