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Merlo, Accountant
Category: Tax
Satisfied Customers: 9783
Experience:  25+ years tax consulting. Specializing in returns for US citizens living abroad
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Can the IRS levy a checking or savings account with 2 names

Resolved Question:

Can the IRS levy a checking or savings account with 2 names on the account (not married or living together) when only one person owes delinquent taxes?
Submitted: 6 years ago.
Category: Tax
Expert:  Merlo replied 6 years ago.



Yes, the IRS can levy any account that is in the delinquent taxpayer's name, even if there are joint owners on the account. They can also place liens on any property owned by a delinquent taxpayer, even if the property is jointly owned.


If you have joint accounts and owe back taxes, you would be best to take your name off of any joint accounts, as that could affect the joint owner as well.


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