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I had a car that was financed through HSBC repossessed last year. It was repossessed. Can HSBC take my federal income tax refund for this repossession?
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∙ 14y ago
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If you are making you monthly payments on your student loan can you still get your income tax at the end of the year?
If you are not delinquent with your student loan, your federal income tax refund will not be garnished.
What happens when your income tax refund is garnished for debt?
So you were expecting a tax refund from the IRS after you filed a tax return. Insteasd of getting your refund, the IRS sent you a letter saying that your refund was used (garnished) to satisfy your back tax debt. What is going on? This means that you have a back tax liablility with the IRS and the IRS will take your refund to satidfy that debt. If you got your refund check garnished and you were unaware you owed the IRS, you need to take care of this situation fast. The IRS can start enforced collections against you and go as far as garnishment of your pay and levy your bank accounts. You can find out more at wallysworldoftaxes.blogspot.com.
Can a tax refund be garnished even though its the ex spouses income which money was owed?
If you files jointly for that year I think they can hit you both until paid
If your pay is being garnished for student loans can they still keep your tax refund check?
Not sure who "they" are...but they can use all legal means to collect what you swore you would pay.
Can your income tax return be garnished?
Your income tax refund can be decreased by what is commonly called an offset.This can occur if you have outstanding federal or even some state debt(s). .Having worked in tax preparation for many years I have seen offsets occur for various reasons. The most common reasons for a federal tax refund offset are child support arrearage,unpaid federal tax debt and outstanding student loan debt.What is important to note is that a third party known as Federal Management System(FMS) handles the offset,not the IRS.The IRS in most cases will not provide a reason or any information about the debt/offset and will refer directly to FMS.
If you are making you monthly payments on your student loan can you still get your income tax at the end of the year?
If you are not delinquent with your student loan, your federal income tax refund will not be garnished.
Can your wages be garnished if you are on government assistance?
If you have a job on top of the assistance, that money can be garnished. Anything you might get back for income tax refund can be taken also. The government assistance can't be garnished.
No longer on Social Security but owe can your income tax be garnished?
Yes. If you owe the federal government money, the Department of the Treasury can withhold your income tax refund to satisfy the debt.
What happens when your income tax refund is garnished for debt?
So you were expecting a tax refund from the IRS after you filed a tax return. Insteasd of getting your refund, the IRS sent you a letter saying that your refund was used (garnished) to satisfy your back tax debt. What is going on? This means that you have a back tax liablility with the IRS and the IRS will take your refund to satidfy that debt. If you got your refund check garnished and you were unaware you owed the IRS, you need to take care of this situation fast. The IRS can start enforced collections against you and go as far as garnishment of your pay and levy your bank accounts. You can find out more at wallysworldoftaxes.blogspot.com.
Can your income tax check be garnished if your wages are already being garnished?
if my wages are being garnished can they still take my income tax check?
When filing for the state income taxes do you receive your federal income tax refund as well as your state income tax refund?
No, when filing for the state income taxes, you will receive your federal income tax refund as well as your state income tax refund.
Can medical bills be taken from federal tax refund?
It is unlikely that a tax refund would be garnished for past due medical bills. Generally refunds can only be garnished for certain things, and medical bills really aren't one. Tax refunds are garnished in instances of: child support arrearages past due federal tax past due state income tax unpaid federal student loans government program repayments However, if you deposit it into an account that they have the right to garnish, the funds lose their identity as a tax refund.
If I'm currently being garnished by student loan company can they also take my income tax refund?
If it is a govet' insured or guaranteed loan, yes.
Can a tax refund be garnished even though its the ex spouses income which money was owed?
If you files jointly for that year I think they can hit you both until paid
Is tax refund an income?
No
Do you have to claim federal tax refund on Oregon state return?
You do not have to report any income tax refund on any tax forms, it is not income.
What is the income tax credit for a child?
a credit agency garnished my income tax,is the the child tax credit exempt from the garnishment?
