 IRS garnishing tenants (by David [NY]) Oct 15, 2017 12:48 PM
 IRS garnishing tenants (by Kyle [IN]) Oct 15, 2017 12:54 PM
IRS garnishing tenants (by David [NY]) Oct 15, 2017 12:58 PM
IRS garnishing tenants (by RR78 [VA]) Oct 15, 2017 1:05 PM
IRS garnishing tenants (by Kyle [IN]) Oct 15, 2017 1:20 PM
IRS garnishing tenants (by WMH [NC]) Oct 15, 2017 1:30 PM
IRS garnishing tenants (by Kurt [MI]) Oct 15, 2017 4:25 PM
IRS garnishing tenants (by Kyle [IN]) Oct 16, 2017 6:30 AM
IRS garnishing tenants (by TenantWhisperer [MA]) Oct 16, 2017 8:13 AM
IRS garnishing tenants (by David [NY]) Oct 16, 2017 8:35 AM
IRS garnishing tenants (by Kurt [MI]) Oct 16, 2017 12:47 PM
IRS garnishing tenants (by WMH [NC]) Oct 16, 2017 1:29 PM
IRS garnishing tenants (by Pmh [TX]) Oct 16, 2017 2:02 PM
IRS garnishing tenants (by David [NY]) Oct 16, 2017 4:51 PM
IRS garnishing tenants (by David [NY]) Oct 16, 2017 4:51 PM
IRS garnishing tenants (by David [NY]) Posted on: Oct 15, 2017 12:48 PM
Message:
I have a girl that just started working in my office. She manages 4 tax office during tax season. She told me that I can submit a judgement to the IRS and the IRS will garnish the person that has the judgement return and send me the money.
Has anyone heard of this? I HOPE its true!!
--67.250.xxx.xx |
IRS garnishing tenants (by Kyle [IN]) Posted on: Oct 15, 2017 12:54 PM
Message:
You cannot garnish a federal tax refund directly. You can garnish the bank account the refund is deposited to. Some states allow the state refund to be garnished to satisfy a judgment. --73.102.xxx.xx |
IRS garnishing tenants (by David [NY]) Posted on: Oct 15, 2017 12:58 PM
Message:
How might I go about finding out which states allow this? --67.250.xxx.xx |
IRS garnishing tenants (by RR78 [VA]) Posted on: Oct 15, 2017 1:05 PM
Message:
"She told me that I can submit a judgement to the IRS" and manages 4 tax offices.
How can she not know this is wrong.
You sure you trust the work she is doing in your office?
Whatever you do, dont let her do your taxes. --73.177.xxx.xx |
IRS garnishing tenants (by Kyle [IN]) Posted on: Oct 15, 2017 1:20 PM
Message:
I know MI allows garnishing state returns. And IN doesn't. --73.102.xxx.xx |
IRS garnishing tenants (by WMH [NC]) Posted on: Oct 15, 2017 1:30 PM
Message:
No garnishment of state tax returns in NC.
Don't need a bank account to get a tax return refund/extra credit, they get it all on a debit card now.
If she is saying you can submit a (Schedule 1099-C?) that is a cancellation of debt, I think you can. But that just means you've cancelled the debt and they have to pay taxes on that amount as income.
You can also claim bad debt on your tax return and deduct it (I don't know how, but you can.) --173.22.xx.xx |
IRS garnishing tenants (by Kurt [MI]) Posted on: Oct 15, 2017 4:25 PM
Message:
As mentioned above by Kyle, Michigan will let you take money from their tax refund.
Cannot submit any papers to the state until Nov. each year for this type of garnishment. --192.241.xxx.xx |
IRS garnishing tenants (by Kyle [IN]) Posted on: Oct 16, 2017 6:30 AM
Message:
Debit cards, prepaid cards, etc. are tied to bank accounts. Even if your tenant/debtor doesn't think they are. I garnished a prepaid card and collected several thousand from a federal tax refund a couple years ago.
If you file 1099-C, you can't collect anymore, you are canceling their debt and the IRS considers that income to them so they have to pay taxes on it.
If you used accrual method accounting instead of cash method and claimed income which you didn't receive, you can write it off as bad debt and deduct it on your taxes. But, if you use cash method and never counted it as income, you can't deduct it later as bad debt. --73.102.xxx.xx |
IRS garnishing tenants (by TenantWhisperer [MA]) Posted on: Oct 16, 2017 8:13 AM
Message:
Hey guys, lets be clear. She said I..R..S. That has nothing to do with any state.
If she's right this could be a MAJOR solution for us with a drawer full of judgements!
--73.16.xxx.x |
IRS garnishing tenants (by David [NY]) Posted on: Oct 16, 2017 8:35 AM
Message:
I going to have her call the IRS today. I will update when she gets an answer.
I hope she right!!! --98.116.xx.xxx |
IRS garnishing tenants (by Kurt [MI]) Posted on: Oct 16, 2017 12:47 PM
Message:
According to TurboTax information about garnishing federal tax refunds, this is not possible for us:
"If you’re expecting a tax refund but have concerns about creditors garnishing it, you may be worrying too much. Federal law allows only state and federal government agencies (not individual or private creditors) to take your refund as payment toward a debt." --68.61.xx.xxx |
IRS garnishing tenants (by WMH [NC]) Posted on: Oct 16, 2017 1:29 PM
Message:
Well there you go. Asked and answered. --173.22.xx.xx |
IRS garnishing tenants (by Pmh [TX]) Posted on: Oct 16, 2017 2:02 PM
Message:
Methinks she needs to go back to the 1 day school for co that hired her to process tax returns each year. --24.178.xxx.xx |
IRS garnishing tenants (by David [NY]) Posted on: Oct 16, 2017 4:51 PM
Message:
Well it was like playing lotto and not checking the numbers so you can live the dream a day longer, now it’s over
Thanks all --107.77.xx.xx |
IRS garnishing tenants (by David [NY]) Posted on: Oct 16, 2017 4:51 PM
Message:
Well it was like playing lotto and not checking the numbers so you can live the dream a day longer, now it’s over
Thanks all --107.77.xx.xx |
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