IRS Refunds

Each dependent you claim lowers your taxable income. For 2010, every dependent, or exemption, resulted in a $3,650 reduction. However, the Internal Revenue Service has specific guidelines regarding…

Between April 1996 and September 2010, the Treasury Department garnished over $56 billion in tax refunds, according to the U.S. Treasury Department Fiscal Year 2010 Report. Most of these refund…

The United States Department of Education, specific state agencies collecting child support payments and other debts owed to the federal government can garnish your Internal Revenue Service refund…

The Social Security Administration (SSA) overpaid taxpayers to the tune of $2.5 billion in 2009, according to the SSA website. If the SSA overpays, it is not free money, and the administration will…

When taxpayers fail to file their required tax returns, the Internal Revenue Service has several legal mechanisms it can use to force taxpayers to file their tax returns. The IRS can garnish or levy…

Before you plan to spend your tax refund, your check may be significantly lower than you expect. The Internal Revenue Service, or IRS, can adjust your refund check without going through the official…

The Internal Revenue Service (IRS) and the United States Department of Education (DOE) can take your IRS refund check if you have past-due taxes or if you have defaulted on student loans or…

Failure to file your tax return or pay your taxes in a timely manner will result in an assessment of penalties by the Internal Revenue Service. The collection process begins with an issuance of…

When you file for bankruptcy in Nevada, you essentially ask the bankruptcy court for help paying your debts. The bankruptcy court will take over, and if you have any funds available with which your…

When you take out student loans, you sign a contract committing to repay the debt. One of the consequences of not paying the debt is that the lender can offset your federal tax refund. When this…

The Internal Revenue Service (IRS) offers three methods of getting your tax refund: a check, direct deposit or purchasing U.S. Series I Savings Bonds. If you file your return selecting a direct…

When you owe money to the Internal Revenue Service, the tax agency often assesses interest and penalties to boost the amount it collects. So you might assume that the IRS extends taxpayers the same…

It may come as a surprise, but the IRS considers state tax refunds to be taxable income in certain situations. Before spending your state tax refund, you may want to check with an accountant about…

After waiting patiently for the arrival of an IRS refund check, it can be deflating to be unable to cash the check upon receiving it. Sadly, this occurs for many people attempting to cash their refund…

When you file your tax return, it's understandable to want your tax return processed as soon as possible. The sooner you get your tax refund, the sooner you can spend or invest this money according to…

When a person owes money to a creditor and the creditor wins a legal judgment against him, the judge may authorize him to take one of two actions to seize the money by force, if payment from the…

When you have a debt that you cannot afford to pay, the creditor can use a wage garnishment to force you into paying it. This involves having money taken directly out of your paycheck to repay the…

Although most of us eagerly await our refund checks, receiving a check which is more than we anticipated can cause a great deal of anxiety. The unexpected cash triggers a flood of questions: What if I…

The United States Department of Education offers financial assistance to needy individuals who qualify. The financial assistance provided is in the form of student loans or grants such as the Pell and…

Some people look forward to tax time because they receive a tax refund when they file. If you receive a federal tax refund, you never have to worry about paying taxes on it the following year;…

Once a taxpayer submits a tax return to the Internal Revenue Service, his return is acknowledged by the IRS and processed. The processed tax return may be accepted or rejected by the IRS. If the…

Many taxpayers look forward to tax time because they get a refund of some of the taxes their employer withheld from their paychecks. If you file your tax return electronically, you may need to fax a…

The Internal Revenue Service can delay your refund for weeks or even months. Uncle Sam is well within his rights to release your refund only at a time when he deems it appropriate, and there is very…

If the IRS owes you a refund, you have up to three years to claim it. You must file a tax return for the year you are claiming the refund and all subsequent years.

When you find an error on your tax return concerning your income, filing status, deductions or credits, it is often necessary to submit an amendment of your return. To submit the amendment, you must…

Nobody wants to lose money, no matter how small the amount. Telephone companies understand this. For this reason, there are protocols in place that will allow you to request refunds from phone…

Waiting for a tax return can be frustrating, but the more you know about IRS procedures and rules, the less time you can waste worrying. There are many reasons why the IRS would delay a tax return,…

Once you have filed your federal income taxes, you're anxious to receive your refund. The IRS provides an online tool that will give you the approximate date of your refund. Although the refunds are…

If you have a refund coming from the IRS, you want to get your hands on the money as soon as possible. Fortunately, the IRS makes it easy for individual taxpayers to track the status of their refunds…

Every year millions of Americans file tax returns. To keep up with the demand for status updates on expected refund checks, the IRS maintains a refund-status page online. On this Web page you can…

Overpaying your taxes and getting a refund takes the sting out of the annual ritual of filing your taxes. The IRS provides two ways for taxpayers to receive the refunds. In an effort to minimize the…

In 2008, a stimulus payment was issued to qualified taxpayers, disabled veterans and retirees. According to the Internal Revenue Service (IRS), more than 124 million households were eligible for the…

Each year Americans must file their tax return by April 15. If you have underpaid your taxes, then you must cut Uncle Sam a check. However, if you have overpaid your taxes, then the government owes…

Taxes can be stressful, but knowing that you have a refund coming can help alleviate the pressure after tax time. After you submit your tax return, the IRS makes it easy for you to track the status of…

If you are expecting a refund from your federal tax return, you can monitor the status of your refund processing from the IRS Website. Within 72 hours of the electronic filing acceptance or 3 to 4…

People who have overpaid taxes to the IRS will receive a refund after they file their tax returns. If you file electronically, you should wait at least 72 hours after the IRS acknowledges receipt of…

Checking your mailbox every day for your refund from the Internal Revenue Service (IRS)? You are not alone. Millions of people are eagerly awaiting their checks too. While most taxpayers have no…

Your IRS refund status is easy to find, easy to check, and saves a lot of stress in wondering and waiting. Whether you are desperate for the money from your IRS refund or you just cannot wait to spend…

While you cannot avoid paying taxes and filing your annual tax return, every once in a while, you get some good news: you overpaid Uncle Sam and are entitled to a refund. There is a three-year time…

The IRS has a procedure for taxpayers that allows them to request an elimination of all or part of penalties that have been assessed and interest that has accrued or a refund of certain taxes on Form…

During tax season, "Where's my refund?" is a common question from taxpayers. The Internal Revenue Service does not provide an official schedule stating when refunds are issued, but it does provide…

If you are wondering why you haven't received your federal income tax refund, there are three ways to check the status of your IRS tax return's status. Electronic filers can go to the IRS website…

Tax returns are official forms filed with the Internal Revenue Service (IRS) by April 15 of each year. Based on their tax returns, many taxpayers will receive a refund check in the mail from the IRS.…

If a taxpayer qualifies for a tax refund, the Internal Revenue Service has an online tool where you can check on the refund's status. When you file electronically, you can check on the status of the…

In 1990, FICA tax was split into separate wage bases for social security and Medicare taxes. Many people still refer to the two taxes collectively as FICA. There is no limit to the wages Medicare tax…

Throughout the year, most people have money withheld during the year to pay their anticipated tax bill. However, this amount is only an approximation of what you are expected to owe, not an exact…

When you don't pay your taxes, the IRS has full authority to place a lien against your bank account, wages and any other property or asset you own. This also includes your refund. The challenge is…

Waiting for your IRS tax refund check can be stressful, particularly if you have a large refund coming. Luckily, the IRS lets you track your refund, whether you chose to receive a paper check by mail…

Checking your IRS refund status is now much easier than in years past because you can bypass waiting on hold on the Internal Revenue Service's toll-free line and access the information yourself…

Anyone living and working in the U.S. is required by law to pay taxes and file a federal income tax return each year. While many taxpayers actually look forward to the tax season because of…