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What investments are protected from the IRS? I need to start investing for retirement and I owe back taxes. ?

September 28th, 2009 | | Tags: , , | 5 Comments | |

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5 Responses to “What investments are protected from the IRS? I need to start investing for retirement and I owe back taxes. ?”

  1. wartz Says:

    Investments are not protected at all. If you have the option to be covered by a pension, that would not be levy bait until after you retire. Deliberately hiding assets is a form of tax evasion that can be prosecuted.

  2. David C Says:

    Investments which are not identified with your social security number are not easily located by the IRS and, therefore, would not be confiscated for back taxes.

  3. AB Says:

    You should see a lawyer about settling your IRS debt. They can follow you until you die and the penalties and interest will keep adding up.

  4. joseph.foust Says:

    You are not anonymous on Yahoo!Answers, and you just posted your intention to evade taxes. Tax avoidance is legal…tax evasion is a crime.

    Pay your taxes, silly. Or your retirement plan will be "Free board & prison food."

  5. STEVEN F Says:

    NOTHING is protected from the IRS. The shirt on your back when they come to collect is not protected from the IRS.

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