Was it me or has anyone else had there income tax check snatched away by creditors....
It really hurts, that was money spent
I'm talkin like $2400,,,,damn
2007-02-20 05:01:20 · 9 answers · asked by Storm 2 in Business & Finance ➔ Taxes ➔ United States
Better luck next year!
2007-02-20 06:02:18 · answer #1 · answered by breezy 3 · 0⤊ 0⤋
If you owe any government entity money and are in default on it, including student loans, yep, they will take your tax refund.
If it is some other creditor, like a credit card, I have no idea how they could get your tax refund unless they have a judgement against you and garnished your bank account when the refund was deposited.
Don't mess around with the government. If you owe them money, pay it.
2007-02-20 13:07:12 · answer #2 · answered by Faye H 6 · 0⤊ 0⤋
this happens very often. i am always surprised at people who believe that they can get away with not paying there just tax and child support debts. the irs will not intercept nor do they care to any debt that is a consumer type debt. you must have owed the irs. a state taxing agency or a child support enforcement agency a justifiable amount of money and the irs is effect enforcing those types of justifiable debts. sorry your stuck and will not receive your refund this year or any year that these types of debts are due and owed. this is due to federal law.
2007-02-20 13:59:14 · answer #3 · answered by amazed 3 · 0⤊ 0⤋
Creditors can't grab your refund. Only government agencies such as for unpaid taxes, defaulted student loans, or unpaid child support. You must have one of those outstanding.
And it's not the IRS, it's FMS that grabs it. And they only do it because the law allows it.
2007-02-20 14:05:09 · answer #4 · answered by Bostonian In MO 7 · 0⤊ 0⤋
It doesn't get taken unless you have unpaid debts such as back taxes, child support, or student loans. Don't blame the IRS - they're not the one who didn't pay their debts in the first place.
2007-02-20 21:39:51 · answer #5 · answered by Judy 7 · 0⤊ 0⤋
If you have a judgement against you or have failed to pay your bills, the IRS can divert your refund to fulfill those obligations.
Tax refunds are not a guarantee - if you do not keep yourself in good financial standing you risk losing your refunds to pay your debts.
2007-02-20 13:49:38 · answer #6 · answered by nova_queen_28 7 · 0⤊ 0⤋
2 things.....first ....irs can take your money if it is a student loan, govt loan, or child support.....second.....NEVER never never....spend your refund before you get it...you are dealing with the irs and they can hold that money as long as they like....they'll pay interest mind you but only if the money is rightfullly yours
2007-02-20 13:10:53 · answer #7 · answered by cookiesmom 7 · 1⤊ 0⤋
No empathy or sympathy here. If you don't pay your bills, your creditors are entitled to that money. It isn't yours!
2007-02-20 13:06:29 · answer #8 · answered by kja63 7 · 1⤊ 1⤋
You must have deserved it. Start paying your bills on time and quit being a deadbeat.
2007-02-20 13:10:00 · answer #9 · answered by Anonymous · 1⤊ 1⤋