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Aug 21st, 2007, 02:18 PM
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#1 |
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Junior Member
Last Online:
Aug 21st, 2007 02:19 PM Join Date: Aug 2007
Posts: 1
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Tax law
I am receiving interest income from a lawsuit filed several years ago.
The company is in bankruptcy and the checks come from a trust. I owe the irs and franchise tax board money. My question is can the IRS or the CA franchise tax board garnish the interest income I get from, this? Thanks Bill |
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Aug 23rd, 2007, 03:52 PM
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#2 |
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Posts: n/a
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Re: Tax law
Yes unless in some cases if it was for personal injury or to pay for other bodily injury, etc.
Best to have a lawyer try to set it up so that it will be protected. |
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