Thursday, December 8, 2011

Can the IRS withdraw money from your personal account?

My husband owes the about $48000 in student loans. He is going to call them to set up a different payment plan but in the mean time, I would like to know if the IRS/government can withdraw funds from his or our personal account without his authorization. HIs loans are in default. He is getting his income taxes soon, and I want to know if since they will know his account number because the refund will be direct deposited, will they start drafting money from his account. Thanks.|||The IRS will not levy a bank account for defaulted student loans. You are correct that they will offset any refund due.|||when his loans are in default, his refunds will be offset until it is all paid


and yes, if IRS is unable to collect the money from refunds and this extends for some time, they can put a lien on his bank account(any account that has his SSN)|||IRS will garnish the money in his account If he owes taxes to the IRS.


you need to seek for tax professional help.


good luck.|||Empty out your personal account and buy silver or gold bars.

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