I was awarded, by a fort Worth judge, that the loan was null and void but I am scared to file my income taxes because I am worried that the IRS will take it all, can they do that for student loans?
2007-01-15 03:04:07 · 7 answers · asked by Charles e 1 in Business & Finance ➔ Taxes ➔ Other - Taxes
Yes they can..and I suggest you file you're taxes because you can get arrested for not doing so! Either way you're hit...you do owe them the money, so just pay! Before things get more serious.
2007-01-15 03:07:36 · answer #1 · answered by Sandy H 3 · 0⤊ 0⤋
Yes they can. Was the student loan organization a party to the hearing where the loan was declared null and void? Have they received a copy of the judgement, and agreed to it? If so, then you might have a chance. But it's pretty strange that a judge would declare a student loan null and void if you, or a school you were attending, actually did receive the money. If you didn't get it nor did a school on your behalf, then you'd have an arguing point.
2007-01-15 03:39:08 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
Yes they can and yes they do. Not sure what you were awarded by a judge but if you have been out of school for more than 6 months or still get bills from a student loan account, go online and try to view your account information. Better yet, call and inquire. If you have some type of order, they will need a copy of it.
In addition, if you are currently in default on a student loan visit the following government website; http://www.ed.gov/offices/OSFAP/DirectLoan/index.html
This program (The William D. Ford Federal Direct Loan Program) pulls you out of default and if you have a low income the payback is minimul as it's income contingiant (there's no credit check either). I can't say enough positive comments about this program!
Good luck to you!
2007-01-15 03:20:58 · answer #3 · answered by Mary R 5 · 0⤊ 0⤋
If you have a judgement saying the student loan is null and void, that means YOU DON"T OWE IT. The IRS cannot collect what you don't owe. If the IRS attempts to take the $$, then give them a copy of the judgement and they will not take the money. You HAVE to file your tax returns. The only way the IRS can take your money is if the company you owe the money to has a judgement saying that you owe them the money. You are saying that they do not have any such judgement, so you will be fine. File your taxes and keep a copy of that judgement handy.
2007-01-15 03:24:27 · answer #4 · answered by DG 2 · 0⤊ 0⤋
If you file a joint return, any return can be held to apply to your default. If he files Married Filing Separately, he can't claim you as a dependent. If you owe a small amount at the end of the year, there is no refund to be held. Pay back your loan. I don't want to.
2016-05-24 06:08:02 · answer #5 · answered by Anonymous · 0⤊ 0⤋
yes they can, if you dont take care of it now , it will be triple the amount in a short amount of time, irs dont care , they will take it all.
2007-01-15 03:09:44 · answer #6 · answered by curious 1 · 0⤊ 0⤋
yes, they can do that. something like this happened to my neice.....ask your lawyer about this. but the irs can and will do anything....lol.
2007-01-15 03:07:49 · answer #7 · answered by intelligentbooklady 4 · 0⤊ 0⤋