ddcompletesme
Junior Member
What is the name of your state (only U.S. law)?
I owe back taxes, roughly $6K plus and I live in CA. (I still need to file two years, which I am going to do soon). I have a 401K that has $17K and the IRS is attempting to levy my bank account assets. I am really not in a position to have a hold on my funds, unfortunately because I am a working student and struggling to live paycheck to paycheck. If I ask them to levy my 401k, would that be a solution to fix my problem? What would be the likelihood that they would go that route? I am 26 and figure this is a better way to pay the IRS since I am still young and can re-establish my retirement in the years to come. Any advice?
I owe back taxes, roughly $6K plus and I live in CA. (I still need to file two years, which I am going to do soon). I have a 401K that has $17K and the IRS is attempting to levy my bank account assets. I am really not in a position to have a hold on my funds, unfortunately because I am a working student and struggling to live paycheck to paycheck. If I ask them to levy my 401k, would that be a solution to fix my problem? What would be the likelihood that they would go that route? I am 26 and figure this is a better way to pay the IRS since I am still young and can re-establish my retirement in the years to come. Any advice?
Last edited: