Can the IRS take money of my credit cards as a levy? I don’t mean can I pay them with my credit card — I know I can. My concern is can IRS contact my creditors and just take money of my cards and then leave me hanging with the outrageous cash advance fees? I “heard from a friend” that the IRS can intercept credit card payments for a levy as well. Any truth?
7 Comments Already
May 19th, 2010 @1:47 am
I agree with Bostonian. The IRS cannot do this.
We still live in a “free” country. The IRS does not have the power to charge your credit cards without your permission.
Good question.
May 19th, 2010 @2:28 am
No, because that isn’t your money, that would be like the IRS took a loan out for you.
The IRS has the power to garnish wages.
May 19th, 2010 @3:18 am
Not true
May 19th, 2010 @3:37 am
no they will just hold your refunds until the amount is paid of all offsets owed
May 19th, 2010 @3:39 am
IRS levy power gives it the right to seize your assets. It does not give it the right to make you take a loan.
May 19th, 2010 @4:22 am
Beware of the “expertise” of friends.
No, that cannot happen. Your “friend” is wrong.
The IRS can attach your wages or levy bank accounts and investment accounts but they cannot borrow money in your name from credit accounts.
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