Post: IRS levy of excluded assets post BK
Posted by Chris on 11/05/07
I cannot find any case law supporting the IRS's ability to levy a 401K account post chapter 7 discharge without a lien. If the tax liability has been discharged and there was no lien filed how can they levy the excluded assets of a 401K? I know if a lien had been filed that would survive the 7 discharge. I also know that the IRS doesn't need lien to levy a 401K account. They also say they don't need a lien to levy excluded assets but I don't see how that can work once the liability is discharged. What are they levying the account for? I hoping to get some history before contacting the counsel the field agent is working with. Thanks for any help.
Posts on this thread, including this one
- IRS levy of excluded assets post BK , 11/05/07, by Chris.
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