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
Thanks for any help.
Posts on this thread, including this one
- IRS levy of excluded assets post BK , 11/05/07, by Chris.