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No. Usually a bank will send your debt to a collection agency. Most collection agencies don't have the authority to garnish your tax refund.

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Q: If you owe the bank money do they take your tax refund?
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Related questions

Can a bank you owe take your tax refund?

THEY can't have the IRS send it to them. But, once you deposit it in their institution, it loses it's identity as tax refund...it's just like any other money...and normally your agreements with the bank say they can take any funds on deposit there to offset whatever you owe them.


How long does it take the irs to take there money you owe them Will my tax refund be offset even though the irs process my tax return?

Yes if you owe the IRS money your tax refund will be offset, and usually if they are aware that you owe them money, they will offset it immediately.


Can a bank take you to court if you owe money?

Yes, you can be sued if you owe money.


How Long will take for your tax refund if you owe?

Ahhhhh . . . you do not get a tax refund if you owe. You pay them.


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.


If you owe restitution will they take your taxes?

can a personal person take a tax refund from my bank account if they are already getting my paycheck garnished


Can a bondsman stop you from getting your refund if you owe him money?

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If you receive a refund check does that mean you don't owe any money to the university?

If you get a refund check from a university does not mean you owe the university money. This means that the university owes you money and this is what the check is given to you for.


What should you do if unemployment says you owe them money?

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Can fed take my taxes if i owe state?

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Will the IRS take YOUR tax refund due to delinquent home loan?

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How to get in touch with compass bank if you owe them money