I owe some back taxes + penalties ($4,000). it's been turned over to collection agency. They came & took my savings $1,000).

Asked over 1 year ago - Denver, CO

I am 63yr old single woman w/ little income. It took me 2yrs to save $. Can a private company do that?

Attorney answers (3)

  1. 4

    Lawyers agree


    Answered . Yes, they can garnish all of a checking or savings account.

    The information provided in this answer does not create an attorney-client relationship. If you are interested in... more
  2. 4

    Lawyers agree

    Answered . Yes -- and they will do so until they get all of their money, plus interest. You ought to try and negotiate a resolution pronto -- that can save you some dough. An attorney could try to pull that off for you for a few hundred bucks.

    Best of luck.

    In no way am I offering you legal advice, and in no way has my comment created an attorney-client relationship.... more
  3. 3

    Lawyers agree

    Answered . the IRS is using private companies for tax collections, but these still have the authority of the IRS when it comes to garnishing accounts, best to work out a payment plan or discuss alternatives with a tax attorney

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