Tax Refunds May Be Applied to Offset Certain Debts

By |March 28th, 2012|Categories: Tax Refunds|

Past due financial obligations can affect your current federal tax refund. The Department of Treasury’s Financial Management Service, which issues IRS tax refunds, can use part or all of your federal tax refund to satisfy certain unpaid debts.

Here are some important facts the IRS wants you to know about tax refund offsets: