Posted on 10/05/2025 3:57:32 AM PDT by know.your.why
Probably state income taxes.
I lived there and one year and didn’t have to file state taxes because I had no income (living off savings). However, since I had paid property taxes they inferred that I had income and sent me a bill for estimated taxes and notice that it would be taken from my bank account. Had to spend hours on the phone with state tax board and submit federal returns to stop the seizure.
Deposits are liabilities not assets. the banks owe the depositors. loans are assets. the borrowers owe the bank.
I had this happen with North Carolina. I moved in 2009. I got a few calls from a people claiming to be the NC Dept of Revenue saying I owed money and asked for a payment. In the day of scammers, I refused to give them any information over the phone and sometimes rudely told them it was very inappropriate for them to ask someone, unsolicited, over the phone.
Then, whammo, over $10k disappeared from my checking account. Wells Fargo gave me the documentation as to where it went…..NC Dept of Revenue. At least I then had contact info and an account number.
NC claimed I owed state income tax for the year 2010. Luckily I had solid proof that I moved in 2009. The money was returned. My complaint about doing this over the phone was answered with an excuse that they sent a letter first. The fact that I hadn’t lived there in years and the house was sold in 2009 didn’t register as common sense to the bozos at the NCDOR.
But, it was Wells Fargo.
EC
I guess you didn’t.
Do you pay your state local or federal taxes electronically or do you send in checks?
I think account access is different
Not true at all, from a legal standpoint. Deposits are liabilities, loans are assets fro banks.
I can tell you how in CA.
It’s written into the law, but in CA I thought the retroactive applies only to companies. And the constitutionality of that is being contested.
Since this appears to have come out of the blue, I’m really wondering about identity theft.
Not what FDIC insured means.
Dunno. But NYS demanded I pay income taxes and I’ve never been to the state, let alone worked there or did business there.
Very expensive to resolve.
They threatened to seize bank accounts, so instead money out in local banks and established trusts and some LLCs that made this not so easy.
I did a quick search and regular filers only have to keep tax records for 4 years, 6 if you underpay by 25% or more(LOL). The business related look back is longer up to 12 years. What is odd with this one, is just came out of the blue after 10 years after he left CA.
Reparations. Are you White?
Old Glory Bank is a micro bank:
Details on Capital
Stock Offerings: Old Glory Bank has actively raised capital by selling shares of its stock. In 2023, it sold shares for $10.44 million, and in 2024, it raised approximately $7 million and pursued a stock offering seeking up to $5 million.
Warrant Exercises: Warrants for Class B Common Stock have also been exercised, adding to the bank’s capital.
Crowdfunding: The holding company for Old Glory Bank is pursuing a Reg A+ crowdfunding campaign to raise up to $35 million, according to Kingscrowd.
In fact, I would get a report in as soon as you can. WF should have a 24/7 fraud line.
CA can tax you if the business has their HQ in CA and you do work for them from out of state. That doesn’t appear to be the case with this complaint.
You might see if you can get your local prosecutor or the Alabama attorney general interested. They might like to try to indict a California state official for theft. Might get some political mileage in parts of Alabama for that.
Meanwhile, as a practical matter, move your money out of the California based bank into someone more local. Leaving, of course, enough for outstanding obligations.
Hancock Whitney is a mid-sized bank with some Alabama locations.
First Horizon also is a mid-sized operation with some Alabama locations, but they’ve had some issues in recent years.
Truist Bank is a superregional with branches in Alabama.
There are likely some other truly local banks in the area, and credit unions as well; steer away from the national credit unions that Calfornia could get its teeth in.
That's a good thought. If someone worked under my social security number, their income would have deductions assigned to my retirement. I haven't seen anything on my SS statements that showed income I didn't generate, but I'll check again.
There was zero nexxus like that in my instance. They just did it, and refused to back down. It was literally a shake down.
I ended up with 30k in legal and accounting fees, but paid NYS nothing.
It was like talking to a malicious wall.
Rush was hounded by NY for years after he left for Florida.
Sounds like the California Franchise Tax Board estimated what income tax you owe for the remainder of the half year after you left and directed your bank to turn that over to them.
The California Franchise Tax Board has done this to military members who had been stationed there.
They know it's a scam and they have to return it but since there are no consequences to them, they try it.
Unfortunately, you’re going to have to contact the taxing authority. Get as much specific info from your bank as to what entity it was paid to.
CA and NY are notorious for hounding people after they leave the state. Even if you think you did a clean exit, that does not preclude errors on their part. They could’ve been mailing things to your old CA address and the mail did not forward.
Switching banks will not help in the future for similar events. All banks automatically allow government entities to execute withdraws. They presume the gov knows what it’s doing and you deserve it. They are not a court that decides the case for you. The default is to side w/the gov, so to say.
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