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I have a court order to borrow money from my 401K to pay support for my daughter (college tuition). I have successfully applied for the loan and have a live check in my name. I owe both the state and the IRS back taxes and am currently in a collection agreement with the IRS for a portion of what I owe. Can the IRS seize the loan funds if I deposit the check in my daughter's account?
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the funds have not been deposited yet...it is still a live check. I just want to be sure that if I make the deposit they will not take it from her account and jeopardies her support.
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