Not just any creditor can intercept your tax refund, but there are certain instances where your money can be seized to secure uncollected debts. Your federal refund can be intercepted for debts ascertained by the Internal Revenue Service, certain federally guaranteed student loans, past due child support, or monies owed to any government or state agency (such as payback of food stamps or even indebtedness to the state department of revenue). Interception of state refunds vary by state, and some instances where your state refund may be applied to a debt may include but is not limited to taxes owed to the state, hospital bills or even past due utility bills.
If the judgment is for state or federal taxes then any refund is subject to seizure by the agency holding the judgment. If it is a creditor judgment, a tax refund would only be subject to attachment if it were placed in a bank account that was being levied by the judgment creditor.
A judgment creditor can levy a bank account even if it is joint. A judgment creditor can only garnish income if there is no other way to recover monies owed. A judgment creditor can place a lien against real property but cannot perfect the lien as a forced sale of a primary residence. A judgment creditor cannot seize a tax refund.
A creditor can put a lien on federal income tax refunds and usually will when the debt is that of a student loan or child support. Other creditors can if the right paperwork is filed within a specified time frame to the IRS.
You will receive a judgment from the creditor a year before they intercept only your state income tax. The judgment will say income tax intercept on it. A federal agency can intercept your federal taxes also.
A tax refund schedule can be found online at various different site. Some of these include http://www.irs.com/2011-federal-tax-refund-schedule/ as well as http://www.efile.com/tax-refund/where-is-my-refund/. where is my refund
If the creditor is a government agency, then yes. If the creditor has not won a court settlement to garnish your wages, then no.
AnswerThe IRS only seizes personal tax refunds when there are tax arrearages or court ordered child support arrearages.The IRS does not have the power to withhold personal tax refunds for creditor judgments.ACTUALLY THE IRS CAN HOLD YOUR REFUND FOR CREDITOR JUGDEMENT DEPENDING ON THE AMOUNT OF THE DEBT AND IF THE CREDITOR CONTACTED THEM THE YEAR BEFORE IT ALL DEPENDS ON THE TYPE OF CREDITOR
If the judgment is for state or federal taxes then any refund is subject to seizure by the agency holding the judgment. If it is a creditor judgment, a tax refund would only be subject to attachment if it were placed in a bank account that was being levied by the judgment creditor. I would consult with a tax attorney.
If the judgment is for state or federal taxes then any refund is subject to seizure by the agency holding the judgment. If it is a creditor judgment, a tax refund would only be subject to attachment if it were placed in a bank account that was being levied by the judgment creditor.
No if it is for creditor debt. Yes if it is for child support or tax arrearages.
A judgment creditor can levy a bank account even if it is joint. A judgment creditor can only garnish income if there is no other way to recover monies owed. A judgment creditor can place a lien against real property but cannot perfect the lien as a forced sale of a primary residence. A judgment creditor cannot seize a tax refund.
A creditor can put a lien on federal income tax refunds and usually will when the debt is that of a student loan or child support. Other creditors can if the right paperwork is filed within a specified time frame to the IRS.
You will receive a judgment from the creditor a year before they intercept only your state income tax. The judgment will say income tax intercept on it. A federal agency can intercept your federal taxes also.
Not really, because the Trustee will want to get that money to pay off your creditor. You dont have a "right" to that money but it will instead depend on the amount of the refund and any local trustee practice.
A tax refund schedule can be found online at various different site. Some of these include http://www.irs.com/2011-federal-tax-refund-schedule/ as well as http://www.efile.com/tax-refund/where-is-my-refund/. where is my refund
The answer depends on who the creditor is and the status of the debt. If the debt was a student loan or other non-dischargable debt, then your tax refund can be taken. If the debt WAS discharged, ANY collection action of any kind on a discharged debt is a violation of the permanent injunction of the discharge and therefore illegal. If the creditor was not included on the creditor matrix, then informing them of the bankruptcy and discharge of the debt may be all that is necessary to have the refund returned to you. In other cases it may be necessary to file a Motion for Contempt against the creditor in bankruptcy court. This would require the re-opening of the bankruptcy.
A tax refund loan is a loan that is provided to you until you receive your tax refund. You can pursue this option if you have done your taxes and are expecting a refund.