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This answer will depend on what type of money is owed and to who. If you are in the FMS offset refund tax program for any legal government debts it is possible for the FMS to get a part of or your entire refund amount.
The Department of Treasury's Financial Management Service (FMS), which issues IRS tax refunds, has been authorized by Congress to conduct the Treasury Offset Program. Through this program, your refund or overpayment may be reduced by FMS and offset to pay any past due child support, Federal agency non tax debts, or state income tax obligations.
Go to www.irs.gov and use the search box for Topic 203 - Failure to Pay Child Support, Federal Non Tax and State Income Tax Obligations
http://www.irs.gov/taxtopics/tc203.html
For additional information, FMS can be reached at 800-304-3107.
What else can I help you with?
What if you have no money to pay your taxes?
You are legally required to pay taxes. Taxes are only due on money you have earned therefore if you owe taxes you have had the money. If you do not pay the taxes you owe you will be sent to court and made to pay - even if you go to prison you will still owe the tax man.
What happens if an employer did not withhold federal income taxes from your checks even after being questioned as to why not?
Its pretty simple "You owe money to the FED. GOV no matter what" consequences of that scenario is you will have to pay to IRS when you file you're taxes at end of the year.
What will happen if you file the current years taxes and owe for back taxes?
You will have to pay a fine. And pay all the money back that you owe.
Do i owe taxes if i haven't worked in 8 years?
No, a person will not owe taxes to the IRS if they haven't worked in 8 years. Taxes are only due on money earned.
What if you owe IRS but have a refund?
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.
Can the state withhold federal income taxes if you owe welfare?
Your state can flag your account to withhold your federal refund in order to meet a debt owed;however, in general, your state,they can only take your taxes if you owe on a student loan, have back child support, or owe taxes. I guess you need to contact Dept of revenue of your state.
What if you have no money to pay your taxes?
You are legally required to pay taxes. Taxes are only due on money you have earned therefore if you owe taxes you have had the money. If you do not pay the taxes you owe you will be sent to court and made to pay - even if you go to prison you will still owe the tax man.
When is the deadline for paying taxes if I owe money?
The deadline for paying taxes if you owe money is typically April 15th of each year.
What happens if an employer did not withhold federal income taxes from your checks even after being questioned as to why not?
Its pretty simple "You owe money to the FED. GOV no matter what" consequences of that scenario is you will have to pay to IRS when you file you're taxes at end of the year.
What will happen if you file the current years taxes and owe for back taxes?
You will have to pay a fine. And pay all the money back that you owe.
What is the percentage of money the IRS can withhold for back taxes owed?
Up tot he full amount of any payment you receive from the Gov't. Law now is the Gov't won't pay people (or Cos) who owe them money. Sort of makes sense.
Do i owe taxes if i haven't worked in 8 years?
No, a person will not owe taxes to the IRS if they haven't worked in 8 years. Taxes are only due on money earned.
What if you owe IRS but have a refund?
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.
Why do I owe 6000 in taxes?
You owe 6000 in taxes because the amount of taxes you owe is based on your income, deductions, and credits. If you didn't have enough taxes withheld from your paychecks throughout the year or didn't make estimated tax payments, you may owe money when you file your tax return.
Can a tax chart help you to figure out how much money you owe in taxes?
Yes, a tax chart help you to figure out how much money you owe in taxes. You can find a tax chart online.
If you didnt owe money for 2007 but you did owe for past years will you still get a check?
i think if you don't owe taxes for 2007,but owe taxes on prior years you should still get a stimulus check as long as you are making monthly payments on what you owe.
Can you not withhold federal taxes from my paycheck?
No, as an employer, I am required by law to withhold federal taxes from your paycheck.
