if you owe money to the irs and to student loans who will take ur tax refund
2007-11-24 04:54:47 · 5 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
Does it matter any ways? When the government is involved they will take it all, and until you finally get rid of the debt, they tack on interest payments. Sounds like you went to college, use you brain. Get a job and pay it off quickly, instead of taking the long way. In the end you will pay less.
2007-11-25 04:44:59 · answer #1 · answered by Nifty Bill 7 · 0⤊ 0⤋
If you owe IRS, it is in your best interest to file as soon as possible because your refund will be applied to your back taxes as of the date the return is processed or April 15, whichever comes first. You can save on late payment penalty and interest with the earlier credit posting date.
2007-11-24 16:14:20 · answer #2 · answered by Anonymous · 0⤊ 0⤋
The IRS always comes first in line. Next in line would be any unpaid government-backed student loans in a default status.
2007-11-24 13:00:22 · answer #3 · answered by Bostonian In MO 7 · 0⤊ 0⤋
The IRS until you have satisfied your debt to them, then your student loan.
2007-11-24 13:18:51 · answer #4 · answered by The Budster 4 · 0⤊ 0⤋
IRS always gets theirs first, all others come in second.
2007-11-24 12:58:03 · answer #5 · answered by spiritwalker 6 · 1⤊ 0⤋