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Q: Can IRS take your refund if your in bankruptcy?
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If you filed bankruptcy in Dec of 2004 can you get your refund that has already been taken for 2002?

No, the IRS will get to keep it. And, even if you could get it back, the bankruptcy trustee would probably take it to distribute to your creditors.


Can IRS hold funds for bankruptcy?

can the IRS take your check if you file bankruptcy , chapter 13 or will I have to submit the check to them once received.


What happens when your income tax refund is garnished for debt?

So you were expecting a tax refund from the IRS after you filed a tax return. Insteasd of getting your refund, the IRS sent you a letter saying that your refund was used (garnished) to satisfy your back tax debt. What is going on? This means that you have a back tax liablility with the IRS and the IRS will take your refund to satidfy that debt. If you got your refund check garnished and you were unaware you owed the IRS, you need to take care of this situation fast. The IRS can start enforced collections against you and go as far as garnishment of your pay and levy your bank accounts. You can find out more at wallysworldoftaxes.blogspot.com.


Will the bankruptcy trustee take all of your tax return refund?

I think it depends on when the bankruptcy is discharged, but it would be discussed at your meeting with the creditors and the trustee. If it wasn't discussed, then the refund is yours.


How much can the IRS take out of a refund for a student loan payment?

If you are delinquent in your student loans to the point where your refunds are being intercepted, they can take the entire refund until the debt is satisfied.

Related questions

If you do not owe the IRS will your refund been taken if you file bankruptcy?

It depends on the courts. I had a friend who went through bankruptcy and was owed a refund from the IRS. The trustee for the bankruptcy ordered her to turn over the refund to the courts to be paid out to creditors. So it could happen, but they cannot actually intercept or offset your refund. They will just order you to pay it to the trustee.


If you filed bankruptcy in Dec of 2004 can you get your refund that has already been taken for 2002?

No, the IRS will get to keep it. And, even if you could get it back, the bankruptcy trustee would probably take it to distribute to your creditors.


If you already have a payment arrangement with the IRS will they take your refund?

Yes, if you already have a payment arrangement with the IRS but have a refund due, they will take the refund. If you have a balance due, they will apply your tax refund to this balance.


Can the IRS take your refund if your being audited but no money is due yet?

No. The IRS can only offset your refund if they have already made an assessment against you.


Can IRS hold funds for bankruptcy?

can the IRS take your check if you file bankruptcy , chapter 13 or will I have to submit the check to them once received.


Can IRS take your refund for court ordered debt?

Yes, the IRS is entitled to dock a refund for a variety of things, including court ordered debt.


How long does it take to get a refund from the irs after you have filed?

21 Days


Will the bankruptcy court take a tax refund in Montana?

Yes.


Can a collection agency take your IRS refund?

They won't get it from the IRS....except for something like child support.


What happens when your income tax refund is garnished for debt?

So you were expecting a tax refund from the IRS after you filed a tax return. Insteasd of getting your refund, the IRS sent you a letter saying that your refund was used (garnished) to satisfy your back tax debt. What is going on? This means that you have a back tax liablility with the IRS and the IRS will take your refund to satidfy that debt. If you got your refund check garnished and you were unaware you owed the IRS, you need to take care of this situation fast. The IRS can start enforced collections against you and go as far as garnishment of your pay and levy your bank accounts. You can find out more at wallysworldoftaxes.blogspot.com.


Can the IRS take your refund even if you have a payment arrangement?

Yes, unfortunately.


How long does it take the irs to take there money you owe them Will my tax refund be offset even though the irs process my tax return?

Yes if you owe the IRS money your tax refund will be offset, and usually if they are aware that you owe them money, they will offset it immediately.