The IRS can put a levy on your bank accounts if you owe them money and have not paid them. It means they can take your money, whether you want them to or not.
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 IRS will garnish 401k because they see it as a income.
Yes if you filed a join tax return Or you have a join bank account. IRS will garnish 401k because they see it as a income.
They are open everyday. You can call or go on the IRS website. Each area has a district that deals with issues. You can’t go to the IRS district offices.
IRS code 152 means that you had filed an accurate return. It means your refund is in the process of being fulfilled.
Receiving a CP-05 letter from the IRS means they are reviewing your tax return. It typically means there is a delay.
Receiving a CP-05 letter from the IRS means they are reviewing your tax return. It typically means there is a delay.
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With the IRS, the reference number 1242 means that the IRS put a freeze on your account. This typically occurs when they are waiting for additional information from you.
IRS tax code 826 means that IRS tax refund will be offset to another year. This happens when there are back taxes owed.
A code 1242 is a common code for an IRS error. This code means that the IRS froze your account while they are waiting for additional information.
Yes. in fact it means the IRS can't negotiate a lower amount or payment plan with you
It means you're screwed. You won't be getting your money anytime soon and nobody at the IRS can tell you when or why?
The IRS letter CP05 simply means that the IRS has decided to review a tax payer's return to ensure that the income and the tax credit claimed it correct. Someone is advised to review the notice with the tax preparer meanwhile.
The IRS can put a levy on your bank accounts if you owe them money and have not paid them. It means they can take your money, whether you want them to or not.
generic code means accepted but not proceesed into system yet.