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NAKEI, I dont KNOW the answer but I dont see why they would. How would repoing your car give you any income for the IRS to tax?? Is a collector/repo person threatening you?

No, the IRS will not take your taxes, on a repossessed vehicle or other property. However, the lender does have various legal options to get money owed them by an individual. This includes the ability to file a claim with the courts to garnish your wages and even your tax refunds.

You should check the laws in your state regarding "garnishment" because not all state allow for wage garnishment and that may also affect where your tax refunds can be garnished.

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Q: If you file Chapter 13 and change your mind and your car is repossessed will the IRS take your taxes for the car?
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Related questions

How do you file taxes after chapter thirteen?

Same as always.


Does bankruptcy change how you file taxes?

No


Can you get your repossessed car back if you file Chapter 7 bankruptcy and start making payments?

You will have to ask your bank about that. They are in control now.


Should i file taxes after discharge?

Yes. Bankruptcy does not change you absolute legal obligation to file taxes.


How many times can you file Chapter 7 bankruptcy and can you claim taxes?

No limit


Do you do file taxes if you filed a chapter 7?

Yes. And the court will likely want to see your return.


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

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 withhold your taxes...i.e. back taxes, child support, student loans etc...


Do you have to file taxes if you are a student?

If you are 21 you have to file taxes


Have no money how do I file my taxes?

have no money how can i file my taxes


Can you file personal bankruptcy and medical bankruptcy within a short time period?

If you are referring to a chapter 20 (chapter 7 + chapter 13), then yes it is possible. The BK court doesnt differentiate between the types of debts (i.e. taxes, mortgages, medical debt, or credit cards) so you cannot file a chapter 7 for personal debt, and then expect to be allowed to file a chapter 7 for medical debt soon after.


Can you file your taxes at the DMV?

No, you cannot file your taxes at the DMV.


Can you file taxes if on walefare?

Yes you can file taxes if you are on welfare.