I have a bankruptcy and tax return concern. If I filed bankruptcy last year, will I lose my refund?
No. Details about bankruptcy and tax refund issues follow:
If your refund was offset and the IRS was aware of the bankruptcy, contact:
- Bankruptcy court — Request a referral to insolvency. This will reverse the debt offset, and your refund money will be issued with code BPI 3.
- Agency on the offset notice or the Department of Treasury’s Bureau of Fiscal Service (BFS) — Request the offsetting agency issue a refund. You can call the BFS at 800-304-3107 or TDD 866-297-0517.
Depending on the type of return and bankruptcy you filed, the bankruptcy estate might take your refund to pay your other debts. If you have questions about this, contact the bankruptcy trustee.
Do you need more time to file taxes? Review these time-sensitive tax pro tips to prepare for the tax filing extension deadline. Read more from our pros on the H&R Block blog.
Need to know how to report hobby income reported on a 1099-MISC form? Learn more from the tax experts at H&R Block
Get the facts from H&R Block about IRS injured spouse relief, which allows a spouse to claim his or her share of a joint tax refund in specific situations.
Receive an IRS 5598 letter? Learn more about letter 5598, why you received it, and how to handle it with help from the tax experts at H&R Block.