Tag: offset

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The Department of Treasury’s Bureau of the Fiscal Service (BFS) issues IRS tax refunds and Congress authorizes BFS to conduct the Treasury Offset Program (TOP). Through the TOP program, BFS may reduce your refund (overpayment) and offset it to pay: Past-due child support; Federal agency non-tax debts; State income tax obligations; or Certain unemployment compensation debts owed…

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If your student loans are in default, you’re probably worried about your tax refund. Will the student loan lenders take it? First, let’s set the record straight on private loans. Private student loan companies can’t take your tax refund. The lender may be able to take money from your bank account, but that’s only if they’ve sued…

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Your tax return may show that you’re due a refund from the IRS. However, if you owe a federal tax debt from a prior tax year, or a debt to another federal agency, or certain debts under state law, the IRS may keep (offset) some or all of your refund to pay that debt. What…

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The law allows the use of part or all of your federal tax refund to pay other federal or state debts that you owe. Here are six facts from the IRS that you should know about tax refund ‘offsets.’ A tax refund offset generally means the U.S. Treasury has reduced your federal tax refund to…

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Jan 16

Refund Status

What does your Refund Status look like today!  Have you submitted your Income Tax Return to the IRS to be E-Filed? Now the waiting game begins to see if we get approved for a refund or not. We’re gonna show you a little bit of information about how the “Where’s My Refund” Refund Status bars…

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