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Will the IRS take federal on delinquent student loan or state taxes?
Wiki User
∙ 14y ago
If your Federally Guaranteed student loans are in a Default status then the collection agency will place your name on the Tax offset list. Once on this list, you will not receive a tax refund check, instead it will be credited to your student loan balance.
If you need help getting out of default, or getting a garnishment lifted, then contact Default Management Services, Inc. for help. You can Google the name for a phone #. Ask for Doug, he is knowledgeable.
Wiki User
∙ 14y ago
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Can you get federal student aid if your parents owe back taxes?
Yes. Just because they owe back taxes, doesn't mean that it will affect your student aid.
Can student loans be taken out of your federal taxes?
Yes, if your at a public school but not at private schools
Do federal student loans count as income for tax purposes?
No. Student loans are borrowed money, and is not considered "income;" therefore, you do not include them on your taxes.
What is public revenue?
direct taxes and indirect taxes(includes customs) -- both at state level and federal level.
Your son is a full time student and seventeen years old he only made sixty five hundred dollars last year does he have to file taxes?
His job didn't take out any federal taxes will he have to pay taxes
When can federal taxes be taken?
Generally your Federal Income tax refund can be taken to pay any past taxes due, unpaid student loans, unpaid and delinquent child support due, and most any amount due to a federal or state agency. It is far more unlikely for the refund to be attached for normal credit balanced due if not due to a government agency though it has been done.
Can IRS take your refund for a garnishment?
ONLY for: 1-Unpaid delinquent student loans 2-Prior unpaid taxes 3-Delinquent child support
Can the state withhold federal income taxes if you owe welfare?
Your state can flag your account to withhold your federal refund in order to meet a debt owed;however, in general, your state,they can only take your taxes if you owe on a student loan, have back child support, or owe taxes. I guess you need to contact Dept of revenue of your state.
Does TurboTax do all federal state AND local taxes?
Yes, TurboTax has the capabilities of doing both federal and state income taxes. If you choose the free version for the federal taxes you will have to pay a fee to complete the state taxes.
What are federal estate taxes?
Federal state taxes are taxes to be paid to the federal government on owned property. Theses taxes are to be paid once a year.
Are social security taxes state taxes?
Social Security is a federal program. It is a federal "tax" not a state tax.
Do you have to send a copy of the state taxes with my federal taxes?
No
What is mandatory deductions?
state taxes, federal taxes, and local taxes.
Can additional federal taxes paid in 2007 for tax year 2006 modify your state taxes for 2007 taxes?
No. While State taxes are a deduction to Federal income and hence may change your tax due to the Feds, your Federal tax does not effect your State taxes in any year.
Do you have to pay taxes on your non-federal student loan?
No, it is a debt not income.
Do you pay state and federal taxes on state pension?
no
Are state taxes deductible for federal corporate income taxes?
Yes, most state taxes are going to be deductible for federal taxes. Consult the tax manuals or your tax preparer for more information.
