Can the IRS take any or all of the personal injury settlement to satisfy the previous tax liens
Yes. Talk to your attorney about this.
In no way am I offering you legal advice, and in no way has my comment created an attorney-client relationship. You are not to rely upon my note above in any way, but insted need to sit down with counsel and share all relevant facts before receiving fully-informed legal advice. If you want to be completely sure of your rights, you must sit down with an experienced criminal defense attorney to be fully aware of your rights.
Once you deposit it, yes. Discuss options with your attorney.
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I agree with Mr. Deasey. Consult with your personal injury lawyer. Your personal injury lawyer may recommend you also consult with a tax lawyer. Good luck!
My responses to questions on Avvo are never intended as legal advice and must not be relied upon as legal advice. I give legal advice only in the course of an attorney-client relationship. Exchange of information through Avvo's Questions forum does not establish an attorney-client relationship with me. That relationship is established only by individual consultation and execution of a written agreement for legal services.
There is no personal income tax on personal injury recoveries, but federal tax liens are treated differently. There are ways to protect your money by having it be deposited into a trust or different type of account. Speak to your attorney or tax consultant, they should be able to help you.
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