What debt can offset my tax refund?
The following circumstances create the potential for debt offset that can affect your refund:
- Overdue federal tax debts
- Past-due child support money
- Federal agency non-tax debts
- State income tax debt
- Unemployment compensation debts owed to a state (for fraudulent wages paid or contributions due to a state fund)
- Student direct and guaranteed loan repayments
- Small Business Administration (SBA) loan repayments
- Department of Housing and Urban Development (HUD) loan repayments
The IRS intends to terminate your installment agreement. Learn more about IRs letter 2975 and how to address it with help from the tax experts at H&R Block.
If it is determined that you have seriously delinquent tax debt, your passport application may be denied. Learn more from the tax experts at H&R Block.
Many taxpayers are stumped by Form 1099-K. Find 1099 k instructions and helpful information in this easy-to-read article from H&R Block.
Have you found yourself wondering how the IRS classifies Bitcoin? Our tax pros discuss relevant IRS Bitcoin law and notices. Learn more with H&R Block.