Reimbursement Offsets

Your income tax return might show you’re due a reimbursement through the IRS. Nevertheless, in the event that you owe a tax that is federal from the previous taxation 12 months, or even a financial obligation to a different federal agency, or specific debts under state legislation, the IRS may keep (offset) some or all of your income tax reimbursement to pay for your financial troubles. What types of debts could be offset? Past-due tax…