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.
The IRS can reposses everything-- Even your clothes!!! Technically yes, but it very rarely happens. An IRS lien technically attaches to EVERYTHING you own (even your toothbrush), but that doesn't mean the IRS is going to come take your toothbrush.
The only way you can have your car repossessed would be to not make any payments. If you have taken out a loan and have not made payments, they will take your car away.
if i get my car repossessed, can they put a llien on the house?
Your car was probably repossessed by the lender who owns the car until you pay for it. Call your lender and they will be able to tell you how to locate your repossessed car.
NONE, the lender will take care of it
Yes. If the person repossessing the car finds it then they can take it!
If you don't pay your car payments, people go to your house and take it away.
No, a car can not be repossessed due to having no registration. A car can be repossessed for non payment. The police can have a car towed to an impound lot if there is no registration.
No, but the IRS may take the car to satisfy the tax debt. They can also freeze banking savings/checking accounts and take your pay check. You don't want to play around with them. Pay the taxes and you can make payments to them if you can't pay the full amount.
No, but your car can be repossessed if you don't make the payments.
I had the same question and just got off the phone with the IRS and they said yes and to read Publication 4681.
Not without being a car thief.
Of course, it won't legally be your car however.
As long as you owe them money they can take it.
if the car dealership does not pay for the car in full or pay their bills then the car would most likely be repossessed
When a car has been repossessed the person paying the insurance should cancel it.
Yes, they may take anything worth value, that is in your name. Cars, Houses, Mobile Homes, Campers, Motorcycles nothing is exempt if it comes down to that.
NO,thats Grand Theft.
It can if the lender gets a writ of replevin, the deputy can take it.
No not in the state of NC - only for child support and taxes. Wanda Improve Credit, LLC