What is the name of your state (only U.S. law)? Texas
I had an S-corp for a few years, which is now closed.
The IRS sent my business a Notice of Intent to Levy for late filling penalties ($2300) (I actually wasn't late, but that's a different matter I have to sort out)
My question is: Can the IRS execute the levy against my personal bank account, since the business account is closed?
Or can they issue a tax lien against my primary residence? (I ran the S-corp out of my home, but the house is titled to me personally, so it never was business property)
Thanks.
I had an S-corp for a few years, which is now closed.
The IRS sent my business a Notice of Intent to Levy for late filling penalties ($2300) (I actually wasn't late, but that's a different matter I have to sort out)
My question is: Can the IRS execute the levy against my personal bank account, since the business account is closed?
Or can they issue a tax lien against my primary residence? (I ran the S-corp out of my home, but the house is titled to me personally, so it never was business property)
Thanks.