Will the IRS take federal on delinquent student loan or state taxes?
If your Federally Guaranteed student loans are in a Default status then the collection agency will place your name on the Tax offset list. Once on this list, you will not receive a tax refund check, instead it will be credited to your student loan balance.
If you need help getting out of default, or getting a garnishment lifted, then contact Default Management Services, Inc. for help. You can Google the name for a phone #. Ask for Doug, he is knowledgeable.
Generally your Federal Income tax refund can be taken to pay any past taxes due, unpaid student loans, unpaid and delinquent child support due, and most any amount due to a federal or state agency. It is far more unlikely for the refund to be attached for normal credit balanced due if not due to a government agency though it has been done.
You will want to consult with your tax specialist for each state you need to file your taxes with. Filing multi state returns can get very complicated, as each state has different rules. The only states that do not have state income tax is florida, Alaska and Nevada and New Hampshire and 5 others. If you live in a state which imposes tax you must file both federal and state tax returns each year.
It depends on the state. Individual and business income taxes, sales taxes, use taxes, property taxes, excise taxes, fuel taxes, road taxes, professional licensing fees, entertainment taxes, casino taxes -- the possibilities are nearly endless. Let us not forget the taxes we pay to the federal government that the federal government pays to the state governments so they'll do what the federal government wants them to do.
If my wife works for me, will I still be tax free as far as payroll taxes or federal/state taxes are concerned?
You can file a federal tax return and get a refund regardless of the status of your state taxes. If you owe overdue taxes to the state and they have gotten around to it, the state can intercept your federal refund. So, your refund might go to paying your overdue state taxes instead of being sent to you. But unless you file a federal tax return, no refund will be generated and your state taxes…
You have your w-4 from when you worked at Ross and federal taxes were taken out the federal taxes for 2 years plus . In Texas we do not pay federal taxes how do you get reimbursed?
Residents of all states pay federal taxes. Texas does not have a state income tax. If you lived in a different state and worked in Texas, you still have to pay state tax in the state you lived in. If you don't owe any federal tax, your tax professional will file a tax return to the federal government which will get you a refund.
Can New York State ask the federal government to relinquish Social Security benefits to pay off state taxes?
No. The Social Security law allows garnishment of Social Security benefits payable to beneficiaries in only 3 major cases: Child support, spousal support and delinquent or owed Federal taxes and debts. Therefore, the states cannot lay claim to those benefits nor can the Federal government transfer them to anyone else (including creditors. See the Related Links below for more information.