Can the IRS take money from my bank account or a safety deposit box?
Yes, and no. Lets address the last part. I REALLY hope you don’t have money in your Safety Deposit Box. That is a HUGE violation. Although banks can’t know what you have in there, if they suspect anything, we can contact the IRS and very easily get a Warrant to search your box. If they find money in the SD Box, that is around a $500,000 fine and up to 25 years in jail. So take that money out for your sake. EDIT: I appologize, I did not see that they are already garnishing your pay check. In this case, they cannot do a Levy on your account since you are already paying off debt. If you stop, at any point, they can. What I said about your SD Box still goes. And yes, they can take money out of your account. They can VERY simply do an IRS Levy on your account, where they legally cease all that you owe. More info on Levy’s here http://www.irs.gov/businesses/small/arti… EDIT: If you regularly place
