If a creditor has filed and obtained a judgement against in you, can they take your federal tax refund after it has been filed? And if so, can they take the entire thing if the judgement is against a single individual and you are now married filing jointly?
2007-11-28 04:14:01 · 2 answers · asked by A P 3 in Business & Finance ➔ Taxes ➔ United States
So how do you protect your bank account? I have paperwork to claim property I want exempt if they were to decide to try and seize, and it lists places for IRA and College Savings Accts, but not banking?
2007-11-28 04:50:37 · update #1
No they can't. However once the money hits your bank account they may be able to go after it there.
Tax refunds can only be directly attached for government debts including back taxes, back child support, and government backed student loans that are in default status.
2007-11-28 04:38:41 · answer #1 · answered by Bostonian In MO 7 · 2⤊ 1⤋
You can't exempt your bank account. After all, that's where items like your paycheck go....
2007-11-28 13:47:25 · answer #2 · answered by Anonymous · 1⤊ 0⤋