As soon as it's paid off it reverts back to you.
No, Federal and State taxes can also be offset.
No. The spouse should file an "injured spouse" form with the IRS.
If you owe back child support then both state and federal taxes can be intercepted.
Financial Management Services. Through this program, your refund or overpayment may be reduced by FMS and offset to pay back taxes, any past due child support, Federal agency non-tax debts, or state income tax obligations.
1201 is usually an offset due to owing back taxes, child support......etc.
The Federal Tax Refund Offset Program (FTROP) is the method used for collection of child support arrearages. The custodial parent does not contact the IRS directly, they must contact their state's division of child enforcement to find out if they are eligible for the assistance.
No. It will be held by the IRS and applied to your tax bill. So you won't get a check in the mail or deposited into your account, but you will get a credit towards your back taxes. The same is true if the IRS is currently keeping your refund through the Treasury Offset Program for student loans, child support, etc.
yes!If you default on your monthly obligation and the judge order a tax intercept for past child support on your federal and state taxes then they will take your taxes.
The main ones are to offset a debt to a gi=overnment for taxes or something else,child support, and student loans not paid.
yes see links below
Yes, but only for back child support and unpaid federal taxes.
When you are in the refund offset program through the FMS yes this will happen and you will be notified when it does happen.