Can my federal income tax return be seized by a credit card company?

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Can my federal income tax return be seized by a credit card company?

2007-02-25 05:02:58 · 2 answers · asked by FREDDYJONES 1 in Business & Finance ➔ Taxes ➔ United States

2 answers

Commercial debts are not subject to Federal Offsets

2007-02-25 05:06:26 · answer #1 · answered by Anonymous · 2⤊ 0⤋

NO! Commercial debts are not subject to offset of your refund.

Only debts to govermnent agencies (usually back taxes but there are others), defaulted government guaranteed student loans, and unpaid child support are subject to offest.

If the creditor gets a judgement against you they may be able to put a lien on your bank account in some states to enforce the judgement. You could lose a refund that way, but it's not an offset of your tax refund, but a lien on your bank account.

2007-02-25 05:11:01 · answer #2 · answered by Bostonian In MO 7 · 2⤊ 0⤋