went to get my refund and was informed that i had a gov debt. so what happens do i get any part of that back or none at all?
2007-02-03 05:40:50 · 7 answers · asked by tiny 1 in Business & Finance ➔ Taxes ➔ United States
You owe the government so why should they pay you back?
2007-02-03 05:43:45 · answer #1 · answered by Anonymous · 2⤊ 1⤋
no longer authentic, i comprehend i'm late, yet perhaps some else is going via this. #a million) do not report #2) request an extension, really person-friendly on the internet web site #3) consolidate your loans and ensure you call consistently to make certain even as they'll document the consolidation to the dep. of Ed. contact the IRS and locate out your stability. no matter if that is $0 yet they nevertheless say you've an offset, you may run into an situation the position they'll deliver the money to the dep. of Ed. and then refund it lower back to you. once your loan is consolidated you no longer owe any funds to Dept of Ed so that they could't take your refund. filing an extension delivers till Oct to get all of this dealt with. do not pay interest to unfavorable Nancies and do not provide up. I did it through April 15 and that i began Jan 15.
2016-11-24 21:16:09 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Yes they will take this years refund and any future refunds until this is paid in full. This only happened because apparently you defaulted on the loan by not making payments.
You should contact the lender to see if you can consolidate the loan, then start paying on it as you should have to begin with.
You can contact Financial Management Services (the agency that directs any Federal debt to be offset) at 1–800–304–3107
2007-02-03 05:47:32 · answer #3 · answered by Anonymous · 0⤊ 0⤋
They can hold it to pay off the unpaid debt. If the refund is larger than the debt, you should get the remainder back.
2007-02-03 05:43:13 · answer #4 · answered by TheOnlyBeldin 7 · 1⤊ 1⤋
http://loanconsolidation1.blogspot.com has good ideas and help for student loan consolidation and refinancing student loans
http://loanconsolidation1.blogspot.com
2007-02-05 06:41:06 · answer #5 · answered by Anonymous · 0⤊ 1⤋
Deadbeat! You should have paid the loan....I at least hope you lose it all.
2007-02-03 05:44:43 · answer #6 · answered by Anonymous · 2⤊ 1⤋
You owe it, they take it.
2007-02-03 05:47:59 · answer #7 · answered by Anonymous · 2⤊ 1⤋