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    I have a tax lien against me for payroll tax of a failed business.I have another business and I have sold some of the assets of the failed business. If the proceeds from the other business and the asset sale is in a bank account of my Revocable Living Trust can the IRS garnish this account?

    0  Views: 215 Answers: 3 Posted: 12 years ago

    3 Answers

    They for sure can. The IRS can seize everything you own to satisfy a debt.

    clu

    I thought 401K's were safe?
    Colleen

    Moderator
    Could be clu but you know the IRS, if there's a will, there's a way.

    I believe nothing is exempt from the IRS Bastards . When in money trouble having your funds in a bank is about as stupid as you can get . Better start thinking like a outlaw or just kiss your money good bye . If they can find your assets they can do anything ,if they cant find your assets they can do NOTHING . Choose the one you like best !

    ed shank

    A neighbor who was having trouble the IRS for years cleaned out his bank accounts. He showed up at my place and explained he had a bad dream about the IRS. In a box was 157K dollars. Two days later the three hundred he kept in an account was seized.
    bluesman1951

    Ed shank They make it impossible to play fair or honest . Glad your friend only lost 300.00 hope it turned well for your friend .Hope this guy believes our words and takes his money out of harms way . I trust banks for nothing .

    The IRS is an extension of "Satan's" empire. They can and will take EVERYTHING you own. They will even go as far as take any unopened canned food out of your cupboards.



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