For income reported on a 1099-R, there is an option to declare if the money was used for an IRS levy. Does that refer to paying income taxes for the prior year's return?

letster · ‎June 6, 2019

MichaelL1 · ‎June 6, 2019

No, when the IRS does a levy, they are taking an aggressive enforcement action against you to pay the taxes, such as levying the bank account, your pay check etc.

Paying your taxes when due is not the same action.

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MichaelL1 · ‎June 6, 2019

No, when the IRS does a levy, they are taking an aggressive enforcement action against you to pay the taxes, such as levying the bank account, your pay check etc.

Paying your taxes when due is not the same action.

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For income reported on a 1099-R, there is an option to declare if the money was used for an IRS levy. Does that refer to paying income taxes for the prior year's return?

For income reported on a 1099-R, there is an option to declare if the money was used for an IRS levy. Does that refer to paying income taxes for the prior year's return?

For income reported on a 1099-R, there is an option to declare if the money was used for an IRS levy. Does that refer to paying income taxes for the prior year's return?

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For income reported on a 1099-R, there is an option to declare if the money was used for an IRS levy. Does that refer to paying income taxes for the prior year's return?

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For income reported on a 1099-R, there is an option to declare if the money was used for an IRS levy. Does that refer to paying income taxes for the prior year's return?

For income reported on a 1099-R, there is an option to declare if the money was used for an IRS levy. Does that refer to paying income taxes for the prior year's return?

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