how do i find out if my tax refund got picked up by student loans, because the irs.gov said it was deposited?

Question

on 3/2 but its not there yet?

Answer 1

Call Financial Management Services at 1-800-304-3107 they are the Agency that directs the IRS to Offset for Federal and State debts.

Banks do not always post the refund on the date that the IRS releases them you need to check with your bank on Monday to see if they posted it.

There is an offset indicator on your account with the IRS, The IRS can not tell a taxpayer who they owe or what amount is being offset until FMS processes the offset


http://www.irs.gov/taxtopics/tc203.html

FMS will send you a notice if an offset occurs. The notice identifies your original refund amount, your offset amount, the agency receiving the payment, and the address and telephone number of the agency. The IRS will not be informed of the agency receiving the offset but FMS will notify us of the amount taken from your refund. Contact the agency shown on the notice if you believe you do not owe the debt or you are disputing the amount taken from your refund. Contact the IRS only if your original refund amount shown on the FMS offset notice differs from the refund amount shown on your tax return.

Answer 2

The refund was sent by direct deposit to your bank on Friday. It would not appear on your account immediately.

First, contact the bank Monday 3/5 and verify the deposited amount. If it is different from the amount on the tax return, you can call FMS or the IRS to track down the difference.

If you used a commercial preparer, they will know whether there has been an offset, so you can check with them before calling FMS.

Answer 3

If the IRS actually gave you a deposit date, then I doubt it was siezed to pay your student loans. They would notify you by mail and send you a notice---they would not give you a deposit date on the Where's My Refund website. Usually when they say they are going to deposit your refund, the money is there that morning in your bank account. If you went through a tax preparer and did a Refund Anticipation Loan and they had to route it though their system first and then deposit it into your account, then you won't see your money for a few more days.

Answer 4

Rob knows just enough to be wrong. Financial Management Service does NOT 'direct the IRS' to do anything with your refund. The IRS tells Financial Management Services how much your refund is. FMS then deducts any offset and issues your refund. The IRS never actually issues your refund. The phone # [phone] is correct however.

Answer 5

If you are deliquent on a government loan, of course it got taken!

If I borrowed $100 from you and didn't pay it back when I promised to, and then I gave you $100 to go buy me something, what would YOU do?

You should call the bank you owed the money to and see what the status is...