I owe money to a government student loan and they are already garnishing my wages and I just recieved notice today that they took my state refund can I anticipate them taking my federal tax return too?
2007-02-20 16:32:30 · 8 answers · asked by Jennifer D 1 in Business & Finance ➔ Taxes ➔ United States
Financial Management Services directs the State and Federal Goverments to hold your refunds and submit them to FMS for past due State and Federal Obligations. To find out if your refund will be offset call FMS @ 1-800-304-3107
2007-02-21 00:09:32 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Sure can, and will take it. And they seem to be going back farther all the time to do so. I had the IRS take one of my client's refund to pay on a student loan incurred in 1991 after years of him slipping by without paying it. He said the IRS guy told him they got new and better computers. They will also take your refund for past due child support, unpaid taxes, and debts owed to other government agencies like the Veterans Administration. Both H&R Block and Jackson Hewitt tend to use the same bank to fund their Refund Anticipation Loans which is a huge bank called HSBC. HSBC owns many financial entities that operate under different names than HSBC. If you get a "Rapid Refund Loan" and ever defaulted on a credit card or loan to one of their entities, they can take your refund too to satisfy an unpaid debt. If you live in a community property state such as Texas, they can take your portion of your refund to pay your spouse's unpaid debts and child support, etc. Some of that can be avoided by the spouse filing an Injured Spouse form 8379, but it's at the whim of the IRS if they will accept it or not.
2007-02-20 17:41:45 · answer #2 · answered by Anonymous · 0⤊ 2⤋
Yes, they will get your federal refund too.
2007-02-20 17:10:44 · answer #3 · answered by Brian G 6 · 0⤊ 0⤋
Yes, unless what they've already taken pays off what you owe.
2007-02-20 16:57:15 · answer #4 · answered by Judy 7 · 0⤊ 0⤋
Its unanimous. They can and will take it faster than you can say IRS. Shotgun is right too. They will take it for other things too. And the easiest way for them to catch any of these things you owe is to file electronically.
2007-02-20 19:57:35 · answer #5 · answered by jeff410 7 · 0⤊ 2⤋
yep they probably will but look on the bright side, they are not garnishing your wages
2007-02-20 16:44:04 · answer #6 · answered by kissmymiddlefinger 5 · 0⤊ 0⤋
yes
2007-02-20 17:09:23 · answer #7 · answered by cork 7 · 0⤊ 0⤋
If it doesn't satisfy the payments in arrears, yes.
2007-02-20 16:37:03 · answer #8 · answered by John T 6 · 0⤊ 0⤋