Understanding When and Why Your Tax Refund Was Taken by the Government Few surprises are worse during tax season than opening your IRS transcript or bank app and realizing your expected refund has vanished—or been…
Understanding How the Treasury Offset Program Can Take Your Refund Few things are more frustrating than expecting a tax refund—only to find that some or all of it has been taken. If you check your…
Understanding How the Treasury Offset Program Takes Your Refund for Past-Due Debts If you expected a large tax refund but received much less—or nothing at all—your IRS Account Transcript may reveal two critical codes: TC…
Understanding the Treasury Offset Program and Why Your Tax Refund Can Disappear Overnight Every year, millions of taxpayers expect a refund—only to discover that all or part of their refund has been taken before it…
Receiving a reduced or partial tax refund means you’re getting less money back than you originally anticipated from the IRS. This commonly occurs when part of your refund is used to pay outstanding debts—like past-due…
Waiting for your tax refund only to find it’s less than expected can be a frustrating surprise. If your refund was reduced, there’s a good chance the Treasury Offset Program (TOP) is involved. But what exactly is…
College is a time for you to become independent, make lasting memories, and pursue an education that leads to a career you’re passionate about. However, higher education can come at a cost. Once you graduate,…
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…
What happens when the IRS Offsets Your Tax Refund? If you get a notice or status of an offset, your tax refund is going to be seized and put towards debt you owe to the…
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…
If a taxpayer receives a refund that is less than the amount that was submitted with the tax return, the refund may have been offset for a past due obligation. A refund offset is when an IRS…
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…
We have been getting multiple reports that some taxpayer tax refunds never hit their cards or banks. If you never received your tax refund after seeing a scheduled direct deposit date message here are a…
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…
Understanding Why the IRS Takes Refunds and Where Your Money Goes If you were expecting a tax refund and suddenly received less money than expected—or no refund at all—you may have had your tax refund…