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Are IRA accounts eligible for levy under the FRM program?

April 26, 2017accounts eligible FRM IRA levy program

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Are IRA accounts eligible for levy under the FRM program?

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Yes, all IRA accounts are eligible for levy. The account holder is responsible for all liabilities resulting from the early withdrawal of funds due to a levy by DOR. Other retirement type accounts, such as 401(k) and 403 (b) accounts are exempt from DOR levy.