HomeDoes the money received from an auction of the car go towards the debt owed even if you received a refund from it also?
Wiki User
2015-07-15 18:35:34
2015-07-15 18:35:34
IF you got the "surplus" refund, it should have been payed off. You must have had a lot of equity(down payment) in the car to get a refund.
Related Questions
If you owe money to the IRS for prior years taxes, and you have a refund due to you on this year's taxes, the IRS will keep the refund and apply it towards the debt that you owe.
Money received can be income, payment for services rendered, credit towards a debt, etc.
First, the return needs to have been processed (not just received) by April 15. If you were expecting direct deposit and you had fees deducted from the refund or received a refund loan, you'll get a check instead.
Sure. You can file for BK regardless of how much money you have or have coming.
You probably didn't file a tax return for the correct year, OR ...You don't qualify for one, OR ...You owe money to someone and the refund was garnished (by the way a garnished refund is still considered received even though it was used to pay money you owe to someone else).
If you are an American citizen, you might try asking the IRS this question, but it sounds quite irregular to me. Chances are, the government will want to issue your refund to you, rather than to someone else. If they don't, they risk causing confusion about the issue of why they issued money to that other person, and whether you received the refund to which you are entitled. And after all, if you want someone else to have the money, you can always turn it over to that person once you have received it.
I have been waiting for my refund for almost a month they are rediculous
No its not taxed. When you receive your refund, you will notice that their nothing withheld from your refund of any sort. You definitely do not have to report your refund to the IRS-its your money that you earned.
yes you can, go with the receipt to the place you bought it and they gonna give you your refund :D
My refund i paid my tax preparer came back to me why?
It means to get your money back.
Yes, the IRS can, and will, garnish an income tax refund if money is owed from an audit.
Typically, the Internal Revenue Service doesn't collect your refund if you owe them money. They will keep your federal refund.
No, if you close the auction on howrse you don't get the money and the bidder gets the horse.
If you buy something and you need to send it back for some reason they will give you your money back. This is a refund.
You will be mailed a Form 1099-G if you have received money from the government. Essentially if you have received a refund from certain state governments you will be mailed this matching federal form.
One can get a refund on a money gram money order when it is made out to someone who sent it back by checking the swift number on the money gram order and placing a block on it.
If you get a refund check from a university does not mean you owe the university money. This means that the university owes you money and this is what the check is given to you for.
According to my research Will Window are known to please their customers and believe in refunding money. Will window will refund your money if the window cracks within 30 days.
Contact them and ask for a refund.
You file your return, like everyone else, and if you owe money you pay it and if you have a refund coming, you receive it.
Hopefully you do not own them money. In that case, yes you can still get a refund.
the car that you donate can be sold at auction for a good price and that money will go towards cancer treatment for a suffering adult or child.
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)
I have also been send the loan document and i send in collateral and they never send me money. They told me that I had to send in insurance and I did and then they said i need money for taxes. I have asked for a refund and we'll see if they refund my money. When you call, no one ever answers. Deena Williams never answers her phone unless she knows she is getting her money from Western Union.
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