2007-02-28 09:05:56 · 9 answers · asked by sweetray 1 in Business & Finance ➔ Taxes ➔ United States
Commercial Debts cannot take your Federal Refund,
Only Federal or State Liabilities can Offset your Refund
2007-02-28 09:08:21 · answer #1 · answered by Anonymous · 1⤊ 0⤋
NO! commercial debts are not to any extent further subject to offset of your refund. in effortless words debts to govermnent businesses (frequently decrease back taxes yet there are others), defaulted authorities certain student loans, and unpaid baby help are subject to offest. If the creditor receives a judgement adverse to you they'd nicely be in a position to placed a lien on your monetary agency account in some states to implement the judgement. you should lose a refund that way, notwithstanding it really is not any longer an offset of your tax refund, yet a lien on your monetary agency account.
2016-12-05 01:58:08 · answer #2 · answered by ? 4 · 0⤊ 0⤋
They can't take your tax refund before you receive it. Once you have the money, the MAY be able to take the account you put it in. This would require a court order.
2007-02-28 10:27:37 · answer #3 · answered by STEVEN F 7 · 0⤊ 0⤋
They can't take your federal income tax before you get it, but if you put the money in your bank account and they garnish your wages to get the money, they can take almost all of the money you have in your bank account too.
2007-02-28 13:36:35 · answer #4 · answered by flintgeneral 2 · 0⤊ 0⤋
The only people who can seize your return is the IRS, or someone who has a court order from a federal court. They can't just seize it because they feel like it!
2007-02-28 09:10:21 · answer #5 · answered by Fireyblondeleo 1 · 0⤊ 3⤋
They usually target your wages (Garnishee).
But if you owe them money you may as well pay them because they can make your life miserable with bad credit scores etc..
They won't go away.
2007-02-28 09:09:42 · answer #6 · answered by Anonymous · 0⤊ 0⤋
No, they can't. Look at the sources for more information.
2007-02-28 09:09:21 · answer #7 · answered by www.HassanAnsari.com 1 · 0⤊ 2⤋
even if they can I doubt they will it would cost them more in court costs and lawyers fees then what they would end up making
2007-02-28 09:09:40 · answer #8 · answered by Anonymous · 0⤊ 3⤋
No they can not.
2007-02-28 09:09:39 · answer #9 · answered by Just my thoughts 1 · 0⤊ 0⤋