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Typically, the Internal Revenue Service doesn't collect your refund if you owe them money. They will keep your federal refund.
You still owe money.
Yes, you can be sued if you owe money.
It depends on how overdue you are on your payments and how much money you owe.
You can't.
pitt county nc
yes
The average settlement for an Inland Revenue Service settlement is approximately 12 percent on the dollar. This varies with how much or how little you owe.
If you are Canadian , I imagine your Inland Revenue is much like our IRS , and they can seize pretty much anything you own. Intercept tax refunds, garnish wages, whatever.Get a Tax Attorney if you still have any money left, and at least demand an audit, if you think this was a mistake.
Increase in asset; increase in liability. Receiving money is revenue. receiving money you haven't earned yet means you owe that work. What you owe is a liability.
Typically, the Internal Revenue Service doesn't collect your refund if you owe them money. They will keep your federal refund.
When you owe money to another lender, you are a _____.
When you owe money to another lender, you are a _____.
You still owe money.
Yes, you can be sued if you owe money.
Yes up to the amount of past due taxes, interest and penalties that are due.