Irs/tax
Can the irs take my annuity, house, or bank account for payment
1 Answer from Attorneys
Re: Irs/tax
The IRS can attach any assets you have. The first sources they look for are bank accounts and wages. If there are any bank accounts with your name on them (even a joint account or custodial account) the IRS will take the money. They will also send a Wage Levy to your employer to take money from your paycheck.
Annuties my be protected if it is in a retirement plan. This varies by State and plan. Usually, the IRS does not attempt to force you to sell your primary home. Nevertheless, if you put it up for sale, the IRS will take their money.
You should immediately contact a good tax lawyer to help you fight this matter!
I hope this helps!
Ron Cappuccio
http://www.TaxEsq.com
Related Questions & Answers
-
Property taxes what are options if i dont pay Asked 10/07/08, 6:43 pm in United States Texas Tax and Taxation Law
-
Taxauction i plan to bid on some property that is being auction for taxes. my... Asked 10/03/08, 7:42 am in United States Texas Tax and Taxation Law