Is it true that the (irs) can get into your bank account and more of your personal security Information, if you dont pay your taxes and such?

There's only so much the IRS can do.

They cannot garnish more than 25% of your wages. So if you file a W4 form with your employer for 9 exemptions, the employer won't withhold as much tax, and it works out about even.

If the IRS is pursuing money from you, about once a year they will ask your bank to send the contents of your checking and savings accounts to them. So, in January of each year, change banks. Your new bank won't report to the IRS anything about your new account until the next January, when they file 1099 forms for the interest earned. Until the IRS knows about the account, they can't seize the account.

Also, they don't seize credit card balances, because that is money that belongs to the credit card company, not to you. You can live just fine using credit cards instead of checking accounts, or using cash for everything.

Home ownership is a huge liability. Anyone with a grudge can sue you, win a frivolous court case, and then put a lien on your home to collect the judgement. The IRS is not the only one who can do this. The best option is to hire someone to own your home for you. That way you can live in it, but someone else takes all the ownership liability. If you rent-to-own, then the home owner must sell the house to you in a few years, for a set price, but that contract itself can be sold to someone else just like selling your own house. You still make a profit from the real estate.

The IRS relies on people being scared of them. They want you to be scared. But the truth is you can live just fine and do all the normal stuff, even if they keep pursuing you for tons of money.

Yes, but before they can just take the money out of your bank account(s), they have to first issue you a TAX DUE NOTICE and - assuming you don't pay it within the time period (usually 90 days) or work out a deal with them - they then must issue you a with a Notice of INTENT TO LEVY, with instructions of what you must do to appeal. If you do not appeal within the time limit (30 days?) or fail to win your appeal, then the IRS can take as much money as they claim you owe them out of any bank account you have within the US and its territories, and also out of any overseas bank IF the US has the appropriate bilateral agreements with that country (it does with most).

In point of fact, however, a regular creditor or anyone else with a monetary claim against you, who has obtained a judgement against you, can do the same thing (at least with US bank accounts), and he doesn't have to wait or tell you. He does, however, have to notice you that he is seeking a judgement from the court. But if you don't contest it in court, or contest and lose, the claimant can go straight from the court to your bank and take what the court has awarded him. He can also show up at your home or business (if its yours) with the Sheriff's deputies and take goods and possessions up to the value of the award. Anybody can do this if you have defaulted on a debt to them -- though bankruptcy will give you some protection against all private creditors and debt-collectors, but not tax-collectors.

Yes, it is true. The IRS can run amok and it is very difficult to exercise your rights if the IRS decides to prosecute you and seize your property or accounts.

Yes the irs can levy your bank accounts,seize your home, business or personal assets only for amount due. But they have procedures to follow. 4 notices are issued 30 days from the date tax due or returned filed. Then it goes to phone collection if under 100,000.00. Then if you dont respond, it goes to field collection. And when it get to field collection, your at their mercy. You have to be given taxpayer bill of rights, all four notices plus final notices. This applies to service center where you file, phone and field collection. If you owe the ball is in your hands at the time you file. At that point you can request installment agreement and tell them what you can pay. They might not agree all the time. But if the do,pay on time and dont default. You also can make a offer to pay and pay in installment. But you cant owe any future taxes or the offer will default and they will go back and tack on the waive taxes with penalty and interest.

IRS can do anything it wants in finding out your financial status when your in arrears and probably even when your not!

The answer is both YES and NO. If you do not pay your taxes the IRS can place a levy on your bank account(s) and remove all the money in your account, on the day the levy takes place, up to the amount of the tax liability. They cannot access any of your personal banking information however.

Also, if you want to keep your bank account(s) hidden from the IRS and you have Direct Deposit through your employer, get off it and just deposit your checks in the bank's deposit box. Direct Deposit is just another paper trail from your employer to your bank. The IRS loves to scam us all, so don't make their job easier.

The system of Taxing Income is legal and has been up held in every challenge to the courts.

You should never get to the point of owing.

The paymnt of federal Incom Taxes is a Pay as you go system. Your w-4 takes care of that. Every account you open with any financial entity in the US has you file a w-9, even a checking account. This reports the info to the bank. The IRS sends out notices of Back-up withholing requrirements to financial intistutions. They respond, by saying that this SSN does not have a Savings or Interest baring account but a checking.

The IRS does have the authority if you disregard notices to lien or levy all Assets - checking etc.

Be thankful this is an anonymous services. Several of these statements in this response border on Official Tax Protests that can be prosecuted, even though the Service at this time does not prosecute these type of potests unless they are promoting a tax avoidance scheme.

The IRS can only raid accounts they know about. If you have an interest-bearing account, your bank will have to file a Form 1099 with the IRS. If you just have a checking account, they'll never know.

I'd also recommend that you cancel your credit card and just use a debit card. Credit card companies like Visa and MasterCard share information about cardholders with the IRS. Debit card transactions, however, are not monitored by credit card companies, even if your debit card has a credit card company's logo on it.

Hope this helps.

Just had the IRS take $7000 out of our acccount on a tax due of $9000 due to incorrect tax form for 2006. we hired a tax accountant to deal with them for 2006/7/8 but he didn;t inform them. They have cripled us and our youngest daughter now has to leave college as sophomore due we now have no money to pay fees. We had just got emergency 401k loan to pay for her college and as soon as it hit the account they pounced. We both work hard in skilled jobs but lost our house to foreclosure in 2008, have a son who is a US Marine seving our country, and have 2 girls in college. We have paid tax through wages and this has happened. Gutted and now our family fabric is being torn apart. Is there any hope for us.....