Can the IRS take his savings or checking account?
Answer:
If there is one thing I know about Uncle Sam and money it is this;
When they owe you money it's "please allow 4 to 8 weeks for processing"
When you owe them money it's "give us our money or we will seize your assets"
If he's set up payment plans WITH THE IRS he should be fine as long as he holds his end of the deal.
Honey, IRS can even take you away from him. i don't think so, as long as he has a payment plan and is keeping it up, there should be no problem.
They usually honor the payment agreements so as long as you stay current with the payment schedule tey shouldn't touch the account. However, if you miss a payment they would probably go after the account
As long as he makes his payments they won't. But yes they can take your checking, savings, and retirement account if you owe back taxes. They can basically take all your valuables in collections by the IRS.
They could.
As long as he stays current with his payment plan he will be fine. Gets behind yes they will come and take it all!!
My husband was in the same situation before we were married. He is currently on a payment plan, making payments and has a checking, savings and a cd. They haven't touched any of those.
YES THEY HAVE DONE IT TO OTHER PEOPLE I KNOW AND DONT TELL YOU IN ADVANCE
As long as he keeps current on his payment plan they won't levy his bank accounts.
if one owes the IRS and unless your working for cash they will come after you for the money unless you have made arrangements to make payment. they can attach to your home or other assets that you have and even sieze them and sell then if your property didn't bring enough to cover the amount owed they can come after you for the difference.
Go to a good tax person. Not just a H & R Block but someone that can do you some good. They maybe able to negotiate you out something.
For now don't open any Joint accounts as if you put your hard earned money in there you could loose what you've put in too.
But for the best advise check with a tax person.
The answers post by the user, for information only, BAnswer.com does not guarantee the right.
Other Questions and Answers: