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Posts Tagged ‘federal tax refund’

Everything You Need to Know about Refund Offsets

March 13, 2015  |   Tax Advice,Tax Tips   |   Tags: , ,  

If you have certain unpaid debts, your tax refund can be taken to pay them. Depending upon how much you owe to the federal and/or state government, a portion or all of your refund can be used to satisfy the debt. This is called a refund offset. In the event that your tax refund is offset, you will be informed about it in advance. Typically, in ...

Common Causes of Tax Debt

February 20, 2015  |   Tax Tips   |   Tags: , ,  

Taxpayers do not always wind up with a tax debt because they do not pay their taxes on time. In certain instances, a tax debt comes as a surprise. To better understand what to expect, consider these common causes of tax debt: Non-payment of Taxes A common cause of tax debt is not paying what is owed before the filing deadline. If a taxpayer does not pay ...