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gmaandsam Asked January 2014

Can IRS take money owed from account if person is POA?

i owe the IRS(shhh) if i am POA for my grandma's finances, is there a chance the IRS could take money I OWE from grandma's account?

I spoke with gma's bank manager who insisted the IRS could not garnish any money owed from gma's acct because i would be managing her finances with the money, not my own. i was told that very thing happened to a family member and after i explained that to him he called his branch office manager who again, said the IRS could not & would not garnish income owed by a person listed as another's POA.

i'm still afraid of the risk. has anyone heard or know of this happening? please help!

gmaandsam Jan 2014
thanks for your reply's. i'm still not sure whether i will have gma appoint me POA
i do manage her money & have both her check book and ATM card in my possession because she can't be trusted with either. she made her first property tax payment(late) & started her first payment on UNPAID property taxes.
all i want to do is keep gma in her home for the rest of her life & make things as easy(on me) as possible.

jeannegibbs Jan 2014
Perhaps the family member to whom you think this happened had a joint account. That is different from being on the account as POA.

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Labs4me Jan 2014
As long as that account is not joint with you, your grandmother's account is safe from IRS garnishemnt.

josiep Jan 2014
i would call just leave the account in her name and if Grandma is ok with that....get your name off the acct

i hear ya man!!

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