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If you mean IRS money owed to you, they will first take that money, called a refund and then look for the balance.
Yes, they can and they will. They will attach any IRS refunds you have coming to you. It may not happen the following year, but eventually it will be deducted, with interest.
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∙ 15y ago
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Can the state department of revenue take federal return money for state use tax owed?
Yes.
Who can take your federal income tax?
federal income tax people
Can the court take your income tax refund for money owed on a repo and do they base the payments on income amount or do they get it in large amounts?
They WANT it in as large of amounts as possible but they take what they can get. wage garnishemnt can only take 25% of your DISPOSABLE income. You should get a notice telling you what they can and cant do.
Can the federal government take your state tax?
Not your state income tax refund. But the state may have a claim on it and they would keep the necessary amount that is owed for that purpose.
Can the IRS take money owed from a savings account?
Typically they can seize liquid assets if there are taxes owed.
Can the state take your federal income tax in Kentucky?
yes
Can state take federal income tax return?
Sure.
Is the surviving spouse responsible for deceased spouse's federal income tax?
I take it that the two of you filed separate returns and kept your funds separate. You are probably not responsible for your deceased spouse's federal income tax. However, your deceased spouse's estate is responsible for his or her federal income tax. That is if there is enough money in the estate to pay the taxes. Otherwise, you may need a good tax lawyer.
What does the term factoring money mean?
The term 'factoring money' means selling debt one is owed to a company who take over responsibility for collecting that money. They earn a profit by paying less than the value of the money owed to you.
Can long-term disability insurance be garnished?
If you owe back alimony or regularly fail to pay on time, they can get a court order and take the money owed with a garnishment. A garnishment can be up to 50% of your total income until amount owed is paid.
If you can't pay off a car and the bank repo's it do they come after you for the money or just take the car?
Depending on your income situation and asset situation, then they may attempt to recover ALL remaining monies owed. If they see they cannot get money from a stone and you have NOTHING to sell to make good, then they often count their losses and just take the car, damage credit, and have a collection company harrass you. If you have home and/or assets or other cars, they will seek the payment for remaining owed money.
Can credit card companies take money owed them from your company defined pension plan?
No.
