Can IRS Take Annuities?

  1. 61667 POINTS
    Steve Savant
    Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona
    Non-qualified tax deferred annuities are personal property and an economic asset. It is feasible to think that the IRS could collect liquid assets to satisfy taxes due after attempts to secure payment had been made. A tax attorney in familiar with the IRS is best suited and should be consulted in payment resolution disputes with the IRS.
    Answered on September 5, 2013
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