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Authorized Signer Avoiding a Levy or Garnishment

Answered by: 
John Burnett

Question: 
I know that an authorized signer can't be levied or garnished, but can an authorized signer have their funds deposited (especially a government direct deposit) into an account that they are not a co-owner of attempting to avoid a levy?
Answer: 

That is one of the best arguments for preventing an authorized signer from commingling his/her personal funds with those of the account owner. Surely, your depositor would not be pleased if the IRS issued a subpoena for account records if it discovered that the delinquent taxpayer was squirreling funds away in someone else's account.

First published on BankersOnline.com 11/10/08

First published on 11/10/2008

Filed under: 
Operations
Filed under operations as: 
Garnishment
IRS
IT

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