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Can the IRS tell you if your student loan deliquent is going to get your federal refund?
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Your student loans are in default your attorney says if you file bankruptcy you will still receive your federal income taxes is this true?
While in general you should always follow your attorney's advice, you may wish a second opinion from another attorney this time. A bankruptcy does not get you out of student loans. If you were going to lose your income tax refund to the student loan people, then even after bankruptcy you still will.
How can one consolidate federal student loans?
The best way to consolidate student loans is to talk to a local credit union or bank. Large national banks tend to have higher rates and the government is going to increase rates of federal loans as well.
What are the differences between federal student loans and private?
Federal student loans have a feature where you can pay them back after you graduate school and get a job, while private loans make you pay for them while you are going to school, you should try to get a grant first before applying for any loan, because of the interest rates. www.finaid.org
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.
Irs Phone number to see if your taxes will be withheld for student loans?
I don't know of a phone number that you can call to see if your tax refund will be taken or partially taken for debts such as you mentioned here. The IRS is not the agency that handles this action, it is the Department of the Treasury, but a different department with the Treasury Department. If you have a debt of this type that is listed as delinquent, the odds are that funds will be taken for these debts. Also, if you have a debt of this type you will already know about it. Letters are mailed to people many times who have these debts and whether or not your refund is taken, look at it as a way to get the debt paid. Once debts are paid in full you will no longer have to worry about your refund going toward delinquent debts owed to a Government Agency.
Does IRS tell you if they are going to keep your refund due to student loan default?
You may not get advance warning, but you should receive a letter from the Treasury Offset Program telling you that your refund that you were expecting to receive has been offset. Many times, the offsetting agency (in your case, the student loans) will send you a letter beforehand informing you of their intent to offset your federal refund.
Your student loans are in default your attorney says if you file bankruptcy you will still receive your federal income taxes is this true?
While in general you should always follow your attorney's advice, you may wish a second opinion from another attorney this time. A bankruptcy does not get you out of student loans. If you were going to lose your income tax refund to the student loan people, then even after bankruptcy you still will.
Can you get a federal student loan if out of school?
yes, if you are applying to a school and have every intention of going.
Can student loan companies garnish your wages in the state of Wisconsin?
As a matter of federal law, wages may be "administratively attached" without going into state or federal court, for student loans. It doesn't matter what state law provides.
How can one consolidate federal student loans?
The best way to consolidate student loans is to talk to a local credit union or bank. Large national banks tend to have higher rates and the government is going to increase rates of federal loans as well.
What part of speech is refund?
Refund is a noun because it is a thing, a verb because it is an action, and an adjective because it can modify a noun. Are you going to receive a refund? (noun) I want you to refund my money immediately. (verb) When are the refund checks being mailed? (adjective)
What are the differences between federal student loans and private?
Federal student loans have a feature where you can pay them back after you graduate school and get a job, while private loans make you pay for them while you are going to school, you should try to get a grant first before applying for any loan, because of the interest rates. www.finaid.org
How much can a student child make before they file taxes?
Everyone who has federal or state tax withheld from their income (Form W-2, box 2 and 17) should at least fill out a return to see if they are owed a refund. If so, they should file to get their money back. Since most children who are students are their parent's dependent (claimed as a dependent on their parent's tax return), I'm going with that assumption. All dependents have the same filing requirements, whether a student or not. If a student makes less than the federal standard deduction, they generally don't have to file unless they want a refund of federal or state taxes withheld from their pay. The federal standard deduction for a single person changes every year and is $5,800 for 2011. There may also be a requirement to file if the dependent has a significant amount of investment income (over $950). See IRS Form 1040 instructions for filing requirements for children and other dependents for more details. Remember that your state may have different filing requirements, so a person may be required to file a state return even though they aren't required to file a federal return.
Hpw do you find out if a prior school loan is going to garnish my tax return?
If its federal you can call 1-800-304-3107. its the IRS refund offset line. if your worried about your state return i have no idea i am searching for the answer to that myself!
Tax Refund Estimate?
Most Americans will find that they are going to get a tax refund this year. If you are expecting a refund, you are probably going to file your taxes as soon as possible. Do you want to know how much you refund is going to be? There is an easy way to estimate what your tax refund is going to be for this tax year.Find Your Last PaycheckIf you are unable to wait until your W-2 comes out to file your taxes, or at least to calculate what you think your refund is going to be, the best thing to do is to find your final paycheck of the year. It will show you how much you have earned and it will show you how much you have paid in state and federal taxes. This will be your base to start calculating.Have Tax Tables And A Calculator HandyIf you like to do your taxes by hand, have the 2011 tax tables handy and your calculator. The first thing you want to do is to take your gross income and first subtract 5,800 for your standard deduction. Subtract your personal exemption of 3,700 dollars after that. Then, you want to subtract any other deductions such as student loan interest, or mortgage interest.You will now have what is considered your taxable income. Consult your tax tables to see what tax bracket this puts you in and what percentage of that taxable income you have to pay as tax. Once you have that number, you subtract any federal tax that you have paid already throughout the year. Repeat this process for your state taxes as it will differ in terms of deductions and percentage you have to pay.Don't Be Afraid To Use Tax SoftwareAssuming that the tax software has been upgraded to the current tax year, you can put in income estimates and try to see how much you are getting back as a refund. This way you can plan ahead and maybe change your withholding for the next tax year.Estimating your refund is all about figuring out how much tax you owe, subtracting what you have paid and hoping that you get a negative number. The higher the negative number, the bigger the refund you can get when you file your taxes.
What is your math grade going to be?
I am a straight 'A' student. I am a straight A student.
How do you find out what's going on with your tax refund?
Contact the Infernal Revenue Service
