Child support:Money you’ve received from child support payments may also be exempt from collection. However, if you’re behind on child support, it may be easier for an ex to tap your bank account.12 Who Uses Levies Several different types of creditors might be responsible for alevy. The...
The IRS may perform a levy on a 1099 contractor to collect back taxes owed from the previous year. Find out about IRS 1099 levy contractor options with help from TurboTax in this video.
Bank accounts are prime targets for recouping back taxes. Typically, the IRS contacts your bank and places a 21-day hold on your account. If you haven’t worked things out with the IRS after that time, the bank may send some or all of your money to the IRS. Your house could be in...