0
If you owe a student load will the IRS withhold you tax refund?
Wiki User
∙ 15y ago
For government insured or guaraneed loans, which equal debts owed the government, yes the invoke the right to offset and will not send you any money until you pay what you owe. Makes sense.
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
Can the IRS withhold your refund if you recently had your house forclosed on?
The IRS cannot withhold the refund if your house is foreclosed on. However, if the mortgage debt forgiveness results in the IRS treating you as having more taxable income, it may reduce or eliminate the refund. If you've recently been foreclosed on, talk to a tax professional to see if it will affect your tax refund.
Will the IRS withhold your taxes for being sued?
Yes, the IRS could withhold your taxes if there is a judgment against you. If you are sued for back child support, for example, your refund could be given directly to the other parent.
When can IRS garnish your tax refund?
An IRS refund can be seized for child support arrearages and/or tax arrearages. And in some cases for repayment of federally funded student loans.
If a deferrment on a student loan has been done will IRS still garnish?
if a deferrment has been done on a student loan wll IRS still garnish refund.
Can the IRS take you tax refund if you have a defered student loan?
If it is in deferred status, they will probably not take your tax refund. If your student loan is delinquent, then they will be seize your refund and put it toward your debt.
Will you receive income tax return if you owe the IRS?
No the IRS will withhold your refund until the tax debt is paid. I know I had that happen to me and when it was paid in full I was able to start getting my refunds again.
How much can the IRS take out of a refund for a student loan payment?
If you are delinquent in your student loans to the point where your refunds are being intercepted, they can take the entire refund until the debt is satisfied.
The IRS is holding my income tax return because of defaulted student loan however they have garnished my wages for the past 12 months. Will they continue to withhold my return?
Yes...... They are the government....They can do most anything. HOWEVER!!! Talk to an attorney that specializes in IRS matters, You may find that he/she could manuver the IRS into cutting you a break as well as help protect your refund..
Who can keep your tax refund?
If you owe back taxes, the IRS can apply the refund to prior year's taxes owed. I think if someone is in default on a student loan, then tax refund may be withheld to pay that (not positive though). The IRS dot GOV website may have more information.
What if you owe IRS but have a refund?
If you owe money to the IRS for prior years taxes, and you have a refund due to you on this year's taxes, the IRS will keep the refund and apply it towards the debt that you owe.
Can a judgment take your tax refund?
AnswerThe IRS only seizes personal tax refunds when there are tax arrearages or court ordered child support arrearages.The IRS does not have the power to withhold personal tax refunds for creditor judgments.ACTUALLY THE IRS CAN HOLD YOUR REFUND FOR CREDITOR JUGDEMENT DEPENDING ON THE AMOUNT OF THE DEBT AND IF THE CREDITOR CONTACTED THEM THE YEAR BEFORE IT ALL DEPENDS ON THE TYPE OF CREDITOR
If you owe the IRS can you still get a refund?
No not if you are in the FMS offset refund program and your expected refund amount is less than the amount that is owed to the IRS.
