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Your income tax refund can be decreased by what is commonly called an offset.This can occur if you have outstanding federal or even some state debt(s). .Having worked in tax preparation for many years I have seen offsets occur for various reasons. The most common reasons for a federal tax refund offset are child support arrearage,unpaid federal tax debt and outstanding student loan debt.What is important to note is that a third party known as Federal Management System(FMS) handles the offset,not the IRS.The IRS in most cases will not provide a reason or any information about the debt/offset and will refer directly to FMS.
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When filing for the federal income tax return do you have to attach schedule a for the state income tax return?
No, when filing for the federal income tax return, you do not attach the Schedule A for the state income tax return.
Can Federal tax return be garnished for student loan?
yes - it can be garnished for any federal obligations
If you are making you monthly payments on your student loan can you still get your income tax at the end of the year?
If you are not delinquent with your student loan, your federal income tax refund will not be garnished.
Can the your income tax refund be garnished?
I had a car that was financed through HSBC repossessed last year. It was repossessed. Can HSBC take my federal income tax refund for this repossession?
Can you get an anticipation loan on my tax return if your wages are being garnished?
you can get on but they will take what is owed and send you the rest
Can your income tax check be garnished if your wages are already being garnished?
if my wages are being garnished can they still take my income tax check?
Can your federal income tax return be garnished?
If you owe back taxes, or owe the social security, have a judgment aginest you the taxes can be garnished.
What is the income tax credit for a child?
a credit agency garnished my income tax,is the the child tax credit exempt from the garnishment?
When filing for the federal income tax return do you have to attach schedule a for the state income tax return?
No, when filing for the federal income tax return, you do not attach the Schedule A for the state income tax return.
What percent of your tax return can be garnished?
100% can be garnished and for as many years as it takes to repay the debt.
Can Federal tax return be garnished for student loan?
yes - it can be garnished for any federal obligations
How can you garnish your child's father's tax return?
A tax return is an official form with information about your income and what taxes you might owe, among other things. It has no value and thus cannot be garnished. Perhaps you mean a tax refund, which would be a very different question.
If you filed a joint tax return in Michigan can your return be garnished?
Yes this could be very possible.
Can wages and Income tax be garnished at the same time for student loans?
yes and no
What tax to file if you move states?
One federal 1040 income tax return and a resident state income tax return an a nonresident or part year resident state income tax return.
What are the similarties between the state income tax and the federal income tax?
The amount of your tax liability is based on your TAXABLE INCOME after your income tax return is completed completely and correctly down to the TAXABLE income line of each income tax return.
What are the months covered for income tax return?
Income tax return is due before April 15
