Why the IRS Reduced Your Refund and What You Can Do If you were expecting a tax refund but received less than anticipated—or none at all—you may have experienced a tax refund offset. The Bureau of the Fiscal Service (BFS), a division of the U.S. Department of Treasury, manages the Treasury Offset Program (TOP), which…
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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…
