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IRS tax refunds can only be directly seized for court ordered child support and/or tax arrearages.
However, once the monies have been placed in a bank account held by the debtor they are subject to levy by any/all judgment creditors. The exception might be, if the account is held via TBE rights by a married couple and only one spouse is the named debtor.
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∙ 12y ago
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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 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.
What do you do when you have a wage levy from the IRS but your tax refund should cover the amount owed?
It can take up to six weeks for the IRS to post the refund credit and then transfer the credit to the period with the liability. Once this is done the levy will be released and any over payments from the levy will be returned. Unless you are working with a local revenue agent you need to call the IRS directly at 800-829-7650 or 800-829-3903 to speed up the process. These are the numbers to IRS collections department. They may ask you to fax a copy of the return to them but in any event they should release the levy immediately. I say should because IRS collections agents are tough and it may take repeated calls or the help of a tax attorney, like myself. For more information visit the following site for four ways to get an IRS wage levy released: http://www.ctctax.com/TS_getIRStaxlevyreleased.asp
Where is it possible to learn about IRS wage levy?
An IRS wage levy is where the IRS takes a portion of a paycheck towards money owed to them. To read more about the levy process one can go to the IRS online website and find out more details.
What if you owe IRS but have a refund?
If you owe money to the IRS for prior years taxes, and you have a refund due to you on this year's taxes, the IRS will keep the refund and apply it towards the debt that you owe.
If you owe the IRS can you still get a refund?
No not if you are in the FMS offset refund program and your expected refund amount is less than the amount that is owed to the IRS.
What is Bank of America na address to mail a IRS levy?
The Bank of America branch address to mail an IRS levy to can vary by the state the levy is filed in. The court of the area where the levy is filed will give you the correct address to mail the levy.
How can I get my fed tax refund quickly?
I believe that the IRS has specific dates called the IRS Tax Refund dates for your federal IRS tax refund money. On the other hand, if you file your taxes electronically, you can receive your tax refund in as little as 10 days after filing electronically, according to the IRS.
If you already have a payment arrangement with the IRS will they take your refund?
Yes, if you already have a payment arrangement with the IRS but have a refund due, they will take the refund. If you have a balance due, they will apply your tax refund to this balance.
What is it call when you get money from the IRS?
A refund.
If you owe the IRS can you still get a rapid refund?
I don't understand your question. A refund (rapid or otherwise) occurs when you have overpaid your taxes and the IRS owes you money. If you owe the IRS money, you will not be getting any kind of refund. If you are talking about the situation where this year's tax return shows a refund, but you still owe unpaid taxes from last year, do NOT apply for a rapid refund. The IRS will keep your refund to pay your back taxes and the rapid refund company will still charge you a fee for processing the rapid refund even though you won't be getting any refund. You've waited this long to get a refund. Even if the IRS wasn't getting your refund, is it really worth paying $100 or $200 in fees just to get your refund one week earlier? well that answer is not totally true if you owe the IRS does not mean will not get any refund back because they could have still owed it from the year before and the IRS will deduct what is owed and send out the difference
Where can one download a IRS notice of levy form?
Someone that is looking to download the IRS notice of levy form can do so on the IRS website. There one can find a variety of forms for taxes as well.
