annuity accounts

Can The IRS Take Money Out Of Your Retirement Account?

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Can The IRS Take Money Out Of Your Retirement Account? Can the IRS take money out of your retirement account? Put simply, yes. If you owe back taxes, the IRS can legally garnish your pension, 401(k), and other classifications of retirement accounts. Not only is the IRS legally authorized to garnish your pension and retirement

Can Your Bank Account Be Garnished In Florida?

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Can Your Bank Account Be Garnished In Florida? Can your bank account be garnished in Florida? In Florida, bank account garnishment is authorized by Chapter 77 of the Florida Statutes. Under Section 77.03, a judgment creditor can request that a court issue a writ of garnishment. Once issued, the creditor serves the bank with the