Ask Experts Questions for FREE Help !
Ask
    CPC's Avatar
    CPC Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Nov 24, 2015, 09:07 PM
    Can NY State levy Social Security after deposit in bank?
    Can NY State levy my bank account - for back taxes owed - if the only income I have is from Social Security?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Nov 24, 2015, 09:22 PM
    Yes, they can. They cannot touch your Social Security, but other funds in the bank account CAN be levied by the state to pay unpaid taxes.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
    Expert
    		  
    #3

    Nov 24, 2015, 10:05 PM
    The issue will be now, you will have to go to the court and prove which of the funds is your social security and which is not. They can keep funds frozen
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #4

    Nov 25, 2015, 06:42 AM
    Once funds are deposited in a bank account there is no indication of where those funds originated from.

    If you know you are subject to a judgement or tax levy, then you need to inform your bank that the only funds being deposited are from protected sources. If the account has already been levied, then you need to go to court and prove that the only source of funds in the account are from protected sources.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Bank account levy.included cash deposits from unemployment and social security [ 2 Answers ]

Yesterday, an attorney in New Jersey placed a levy on my checking account. My income consists of Social Security and Unemployment. The amount levied, was all inclusive of my last direct deposit social security check of 8/26/09. I explained this to the attorney's office and sent faxes of my...

Social security benefits levy [ 1 Answers ]

I receive social security benefits. For some time now the IRS has been levying 15% of my monthly benefit amount. My understanding is that this is legitimate. However, this month the FDIC has also begun levying an additional 15% of my benefits. (I have an old amount due the FDIC from '92. My...

Bank levy on someone on social security [ 5 Answers ]

Can debt collector put a levy on someone's checking account if they are on social security? I am 70 years old and receive social security and I work some too. Can they take your extra income that you earn or is there a limit on what you can earn and they can take the rest, I put my extra income...

Finding a bank for my social security direct deposit [ 2 Answers ]

I am having trouble finding a bank to open a checking account for direct deposit of my social security check. I am 64 and disabled and my credit is ruined due to not being able to work for 6 years and divorce. Bank of America and Wells Fargo have turned me down so I have to resort to paying $20.00...

Bank levy and social security [ 2 Answers ]

I get direct deposit, my only income is social security, an old credit card debt phoned me today and told me they were going to garnish my checking account-I thought if my income came from social security that they couldn't please help

View more questions Search