IRS and Bank Account Income Tax Question

by Dawn Grey
(AZ)

IRS and Bank Account Income Tax Question

IRS and Bank Account Income Tax Question

I currently owe the IRS around 20,000 in back taxes from a previous job my husband had.

He was let go of this position and we were unable to pay and the IRS granted us a deferment.

We have not filed that years taxes yet either (2008). My question is: I am receiving an inheritance close to 85,000, will the IRS just take this from my account immediately?

I do not have a lien. I would like some time to make arrangements with them.

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IRS and Pension Garnishment

Can the IRS garnish my pension or 401K? I am retired and owe taxes from home foreclosure's second loan.

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IRS delay code 1221

I have not filed income tax in 6 years because I did not earn any money. I was able to file this year and my return was given a delay code 1221. I did claim the EIC I'm assuming that is why, my question is what happens next I have not received a letter or anything I was really counting on that money to get school books for my daughter?

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IRS Tax Levy

by mimi
(ft.lauderdale)

If the IRS has placed a levy on a person's paycheck, can they also put a levy on their bank account at the same time? or is it one way or the other? Thanks

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Jan 20, 2024
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starstarstarstarstar 		Wage Garnishment vs. Bank Levy
by: BB

Yes, the IRS can potentially impose both a wage levy and a bank levy concurrently. These are separate collection actions, and the IRS has the authority to use various methods to collect unpaid taxes. It's crucial to address tax issues promptly to explore options for resolution.

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