Any stimulus payment will offset to a federal tax liability or other federal/state liability.
Sure, the way payment is made doesn't change a thing. The offset is made well before the payment is issued, by check or electronic check.
The Treasury Department can offset SSI disability payments to cover an over-payment or other debt. An offset notice is mailed to the individual, which provides an individual an opportunity to appeal the offset before it occurs.
Yes, a large down payment can help offset low income when applying for a mortgage by reducing the amount of money you need to borrow and potentially improving your chances of approval.
The benefit of payment terms are considered cash flows. A price increase can offset the cost of having an account opened for extended periods of time.
I Recently Received Court Document From Arbitration Demanding an offset from A Medical Insurance payment for an accident’ Is This legal or withstanding? As the plain tiff why is this necessary? Very confused!
In and of itself, no. If it's done with intent to defraud, it might be, but it's not the "stopping payment" part that's technically illegal, it's the "fraud" part.
You may not get advance warning, but you should receive a letter from the Treasury Offset Program telling you that your refund that you were expecting to receive has been offset. Many times, the offsetting agency (in your case, the student loans) will send you a letter beforehand informing you of their intent to offset your federal refund.
The letter needs to include what your intentions of payment are. A brief explanation of the reason that you are behind might help for the person reading it to make a determination.
funds are used for intent authorized by Congress
Paying someone's bills can be considered a gift, depending on the circumstances and intent behind the payment.
I remember in 2001 when they last did this type of rebate check, that part of our check was kept as garnishment for student loan payment. So more then likely they can and will keep this rebate check to offset any federal payment that is due. ------------- For offset purposes, the stimulus payment is treated like any other tax refund. This means that part or all of your payment can be used to pay past-due federal or state income taxes or non-tax federal debt such as student loans and child support.