Yes if you owe the IRS money your tax refund will be offset, and usually if they are aware that you owe them money, they will offset it immediately.
It depends on whether the IRS is actively seeking for your unfiled returns to be filed. If the IRS does not have a reason to believe that you were required to file a return, then you will probably get your refund without any problems. However, if the IRS shows that you are missing some past year tax returns, and they have enough income reported to you that leads them to believe that you should have filed a return, they may hold your refund until you can get it filed. The IRS is also authorized to prepare a return for you if you fail to do so yourself. This is known as a 6020(b) return, or a "Substitute for Return". The IRS may have already done one of these based upon the income that was reported to you, and typically their estimates of what you would have owed are much higher than it would have been if you had filed the return yourself. If the IRS has done this, then they may already think that you owe them money on that Substitute for Return -- if that has happened, they will keep your refund and apply it towards your debt. If the IRS has done a Substitute for Return, you can still file your own return and provide the correct numbers by going through a "SFR Reconsideration" process. The IRS can take 4-6 months to process the actual return, though, so this could again delay your refund until they sort it all out.
Yes, you generally need to file your tax return by April 15, even if you expect to receive a refund. Failing to file on time can delay your refund and may result in penalties or interest if you owe taxes. However, if you need more time, you can file for an extension, which typically allows you until October 15 to submit your return, though any taxes owed must still be paid by the original due date.
I don't understand your question. A refund (rapid or otherwise) occurs when you have overpaid your taxes and the IRS owes you money. If you owe the IRS money, you will not be getting any kind of refund. If you are talking about the situation where this year's tax return shows a refund, but you still owe unpaid taxes from last year, do NOT apply for a rapid refund. The IRS will keep your refund to pay your back taxes and the rapid refund company will still charge you a fee for processing the rapid refund even though you won't be getting any refund. You've waited this long to get a refund. Even if the IRS wasn't getting your refund, is it really worth paying $100 or $200 in fees just to get your refund one week earlier? well that answer is not totally true if you owe the IRS does not mean will not get any refund back because they could have still owed it from the year before and the IRS will deduct what is owed and send out the difference
If you owe back taxes, the IRS can apply the refund to prior year's taxes owed. I think if someone is in default on a student loan, then tax refund may be withheld to pay that (not positive though). The IRS dot GOV website may have more information.
YesNO THEY CAN'T, SUPERTACO ~If your school debt has been sent to their collections department they can and sometimes will take your state refund. They don't usually take your federal though. A school can't take your return...but if as some here before, you are confused by the difference, and you have a loan (maybe arranged through the school), that is guranteed or insured under a federal program, then the IRS can and does send refunds to the lender.
If your wages are being garnished it will not effect how much you get back or pay in. Keep in mind though the garnishing authority could take your refund with a process called claim of right or offset.
You file a return, you get a refund...maybe. File and claim if you have it comiong. It's all or nothing though
It depends on whether the IRS is actively seeking for your unfiled returns to be filed. If the IRS does not have a reason to believe that you were required to file a return, then you will probably get your refund without any problems. However, if the IRS shows that you are missing some past year tax returns, and they have enough income reported to you that leads them to believe that you should have filed a return, they may hold your refund until you can get it filed. The IRS is also authorized to prepare a return for you if you fail to do so yourself. This is known as a 6020(b) return, or a "Substitute for Return". The IRS may have already done one of these based upon the income that was reported to you, and typically their estimates of what you would have owed are much higher than it would have been if you had filed the return yourself. If the IRS has done this, then they may already think that you owe them money on that Substitute for Return -- if that has happened, they will keep your refund and apply it towards your debt. If the IRS has done a Substitute for Return, you can still file your own return and provide the correct numbers by going through a "SFR Reconsideration" process. The IRS can take 4-6 months to process the actual return, though, so this could again delay your refund until they sort it all out.
Income tax refund calculators are useful to determine how much you'll be refunded, though some calculators also let you manipulate different scenarios to figure out how to increase your return. You'll need your pay stub or estimated years wages to calculate your expected return.
Yes, a college student who is claimed as a dependent on their parents' tax return can still receive a refund if they have earned income and file their own tax return. If their income is below the taxable threshold or if they qualify for tax credits like the Earned Income Tax Credit, they may receive a refund even though they are a dependent. However, the dependent status affects their eligibility for certain tax credits.
Yes, you generally need to file your tax return by April 15, even if you expect to receive a refund. Failing to file on time can delay your refund and may result in penalties or interest if you owe taxes. However, if you need more time, you can file for an extension, which typically allows you until October 15 to submit your return, though any taxes owed must still be paid by the original due date.
Loans are never taxable...I'm not sure what you mean by a loan refund though!
I don't understand your question. A refund (rapid or otherwise) occurs when you have overpaid your taxes and the IRS owes you money. If you owe the IRS money, you will not be getting any kind of refund. If you are talking about the situation where this year's tax return shows a refund, but you still owe unpaid taxes from last year, do NOT apply for a rapid refund. The IRS will keep your refund to pay your back taxes and the rapid refund company will still charge you a fee for processing the rapid refund even though you won't be getting any refund. You've waited this long to get a refund. Even if the IRS wasn't getting your refund, is it really worth paying $100 or $200 in fees just to get your refund one week earlier? well that answer is not totally true if you owe the IRS does not mean will not get any refund back because they could have still owed it from the year before and the IRS will deduct what is owed and send out the difference
Typically you will bring your paycheck stubs and a copy of last years return. The company will review it, determine what you should expect and loan you the money. Be prepared to pay about 5% in interest, though!
Yes they will intercept your taxes until that balance of back pay is paid and current. Then once you are paid you may have to ask that state that intercepted your tax returns to do a tax offset review. Give all documents that show you have paid and or current, then they may dismiss the lien against you. You may be entitled to a refund from that state.
Ryanair adheres to European regulations, even though they publicly make a fuss about it. Check their website for the refund process and terms and conditions. However, if you mean a refund on an unwanted flight ticket the answer is no; they don't give refunds. Airlines that do offer refunds are when you've paid a premium in the first place on your ticket for the opportunity to cancel your ticket at anytime for a full refund.
Yes, as long as your refund amount is more than your present or past tax liability.