Can IRS take money away if my bank account balance is above $1200.00?

Question

B

BrionBell Asked December 2015

Can IRS take money away if my bank account balance is above $1200.00?

Taxes

3 Answers

Most
Helpful Newest
First Oldest
First

Recent Questions

Is the monthly money mom pays us to live with us and take care of her 24/7 need to be claimed as income on a tax return?
I am POA for my mom and I got the check from my dad’s estate. My question is if we cash it will it affect Medicaid and inheritance tax?
My sister was put on my parent's bank accounts to help manage their finances. My mom passed away. Does my sister have to pay taxes on it?

Related Questions

score 1 · Answer 1

The IRS would only be interested in taxes you owe. Please explain your situation a little more.

Helpful Answer (1)

score 1 · Answer 2

BrionBell, we need more information. I can't imagine why the IRS would even care how much someone has in the checking account. I am wondering if you are thinking about Medicaid and the money limits for an elder who is on Medicaid?

Helpful Answer (1)

score 2 · Answer 3

I don't understand your question. Why are you limited by the IRS? Maybe someone else knows more about this type of thing. Hopefully, they can respond.

Helpful Answer (2)

Can IRS take money away if my bank account balance is above $1200.00?

3 Answers

Recent Questions

Popular Questions

Related Questions

Ask a Question