| Tax Levy on Bank Account... |
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This gets rather confusing. Back in 1992 I did not file my taxes. Back then I was living in New York City. Our friends at the IRS noticed it hit me with an audit and I ended up owing a bunch of money. I paid it -- as if I had a choice. Since then I moved to upstate New York and from there down to Georgia. Yesterday while checking my accounts online I noticed my account balance was suddenly zero and that there was a tax levy placed on my account. I checked with my bank and they said that it was a tax levy placed on my account from New York State: the IRS had told New York about my audit/reassessment. Apparently New York State had been sending notices to find New York City address, in which I had not lived in over 15 years. Read Entire Article |
While nobody likes filing tax returns, most people are rewarded handsomely for their efforts: About 75% of taxpayers get a refund, according to the Internal Revenue Service. In 2005, the average refund rang in at more than $2,000, a nice chunk of change.
| AP - More than 3 million people will have to wait until February to get their tax refunds because of Congress' late fix to the alternative minimum tax, the IRS said Thursday. | |
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