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Can the IRS attach Retirement

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    Can the IRS attach Retirement

    Does anyone know whether the IRS can attach a person's retirement account if there is money owed - ACS stuff? I am saying yes but want discussion about the different scenarios if anyone knows.

    Thanks.

    rfk

    #2
    I'm pretty sure that I have heard of them taking a part of social security.

    LT
    Only in government or politics is a "cut in spending" really an increase. It's just not as much of an increase as they wanted it to be, therefore a "cut".

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      #3
      I have a couple of clients going through that process now. The IRS still taxes the retirement distribution but is nice enough to waive the early distribution penalty!

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        #4
        Probably won't happen at the ACS level but after final notice of lien and levy they sure will.
        In other words, a democratic government is the only one in which those who vote for a tax can escape the obligation to pay it.
        Alexis de Tocqueville

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