Ways the IRS Can Seize Your Tax Refund

You might not want to hear this, but there are ways that the IRS can seize your tax refund. This means that you will not get your refund, or that they are keeping it until you have paid what you owe them. Many think that no matter what, they will be able to get their refund that the IRS owes them, but this isn’t completely the truth. Here are some ways that the IRS can seize your tax refund without your permission:

When you are behind on your federal student loan

One of the things that people don’t consider is that if they have a federal student loan, and they are behind on the payments, you can lose your tax refund.

The IRS is allowed to take your tax refund and pay the amount that you are behind on your student loan. They will refund you back, when there is any money left. This can be a surprise if you are planning on using that money, just to realize that they are seizing your tax refund.

When you owe child support

Many parents are struggling with the other parent to pay child support when they are divorced. Even if the court is saying that they should pay this child support, they just don’t pay the money so that their child can survive.

Now, the IRS has the right to seize your tax refund to pay for the child support that you are owing. Meaning is that the money will go to your child’s caregiver and not you. If you want the refund next year, you need to make sure that you are paying your child support each and every month.

Spouse support that is behind

There are some people that are obligated to pay spouse support for some reason. And, when you are failing to pay this, just like the child support, they can seize your tax refund and pay the spouse the money that they are legally should get.

This is to make sure that you are using the money to pay off your debt that you have with your spouse. This can be a good thing, so that you can start paying, without the worries about the outstanding amounts that you can’t repay.

When you didn’t file tax return the previous year

You might have forgotten or you didn’t think that you needed to file your taxes the previous year. The IRS has the right to seize your tax refund that you should have gotten this year to pay for the taxes that you didn’t do the previous year. This is why you should always do your tax return on time.

There are many cases where the IRS can seize your refund and pay off some debt. These mentioned reasons are just a couple of reasons why the IRS can seize your refund and pay off some of your debts that you neglected to pay. You might not get your tax refund back, but you will get the outstanding debt paid without any worries. Click: http://www.taxreturn247.com.au