Can the state levy my bank account for personal back taxes?
I owe my state back taxes and they levied my bank account can the state levy my -businesses-S.Corp bank account for back taxes that I owe personally.
Answered By: Steven J. Fromm
Although you do not mention the state, most states can and do levy on bank accounts for delinquent taxes. It is very effective and gets the taxpayer's attention as you can well attest. However, the states usually do not levy corporate accounts for individual taxes. However, states may garnish your wages that you are receiving from the S corporation. Garnishment is technically different than levy but the results may be the same. You really need to meet with a tax/corporate attorney immediately to explore your legal options.
Answer Applies to: Pennsylvania
Replied: 6/6/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answer Applies to: Pennsylvania
Replied: 6/6/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answered By: David Hoines Law
Usually not, but possible under right circumstances.
Answer Applies to: Florida
Replied: 6/5/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answer Applies to: Florida
Replied: 6/5/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answered By: The Schreiber Law Firm
In most states, yes.
Answer Applies to: California
Replied: 6/3/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answer Applies to: California
Replied: 6/3/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
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