You And The Irs - Answers To Tax Debt Questions On The Minds Of Americans
Author: admin / Category: FinanceI’m afraid the IRS is going to seize the money in my bank account. Do I have to give them permission, or can they just go into my account without my knowledge?
The IRS does send you a notice of “intent to levy” 30 days before they garnish your wages. But, in answer to your question, the IRS does not have to notify you once they’ve levied your bank account.
Is there anyway I can get extra money from the IRS?
If you mean deductions and credits then sure you can get a higher tax return if you qualify for either. If you’re asking about the IRS just giving away free money then no there isn’t any way they’ll do that.
I’ve heard about this economic stimulus tax check that I’m supposed to get. I already owe money to the IRS, can they take that money?
When you owe the IRS, any money the IRS would have given you including tax refunds and stimulus checks go to paying off your debt.
What is the income tax cap? Does it affect me?
The income tax cap is the maximum amount of income that can be taxed. Any income over that amount is not taxed by the Federal Government. The current tax cap is around $92,000, although some politicians are trying to raise the cap or get rid of it all together. Unless you make over $100,000 per year the cap really doesn’t have an effect on you.
Can two people claim the same child as a dependent? For example my son lives with me, and I support him. But his father does send child support payments.
Only one person can claim a child tax credit. Since the child is living with you, and you provide the primary care then you would claim your child. If the two of you were dependent on money sent by your ex-husband then he would be able to claim your son.
Now you have the smoking gun…Use it!
Richard Close was an IRS-Hitman. He worked as a revenue officer for the IRS and his father was the head of the collections branch for 30 years; so it runs in the family. He left that behind and now he’s partnered with Tax Defense Network to help thousands of Americans with their tax problems. He gives the tips and tricks for you to fight the IRS and win! Visit him at: http://irs-hitman.blogspot.com or http://www.taxdefensenetwork.com or contact: email irs-hitman@taxdefensenetwork.com or 1-888-248-9058.
Tags: answers, bank levy, child credit, questions, refund, solutions, tax debt, wage garnishment, irs
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Tags: answers, bank levy, child credit, questions, refund, solutions, tax debt, wage garnishment, irs
