Will The IRS Take My Federal Refund If I Owe State Taxes? The IRS can seize some or all of your refund if you owe federal or state back taxes. It also can seize your refund if you default on child support or student loan debts. Will I get my federal tax refund if I
How Do I Know If Student Loan Will Take My Tax Refund? The IRS provides a toll-free number, (800) 304-3107, to call for information about tax offsets. You can call this number, go through the automated prompts, and see if you have any offsets pending on your social security number. How do I stop the
How Do You Show Financial Hardship? proof of income (pay stubs, offer letter, etc.) proof of other income (e.g., alimony, child support, disability benefits) an expense sheet laying out all your expenses. tax returns (two years worth of returns) profit and loss statement. current bank statements. What are examples of financial hardship? Illness or injury.
What Is The Penalty For Paying NC State Taxes Late? The late payment penalty is 10% of the tax not paid by the original due date of the return. If a timely extension is filed, the penalty will apply on any remaining balance due if the tax paid by the original due date of the
What Is The Interest Rate On Back Taxes? The interest rate charged by the IRS on back taxes is the federal short-term rate plus 3%. The rate is set every 3 months. Keep in mind that if you owe back taxes for several years, you may have different rates applied to the balance due over