Last year my tax return was taken to pay off part of a student loan. In the spring I contacted the company that holds the loan and set up a re-payment plot to get out of a default status. It’s a nine payment plot and my last payment is due on January 31st. How do I find out if I am still in the status that my return would get taken?
Dear chas: An installment agreement with the IRS abates all offset actions as long as you are current with the arrangement. I would call the offset number and also the company that holds the loan. If your last payment is Jan 31 2009 it is unlikely they will offset your debt if you have been current with all payments.
This advice was prepared based on our understanding of the tax law in look at the time it was written as it applies to the facts that you provided. Click on my profile to read more. Errol Quinn Enrolled Agent Master Tax Advisor
call this number and find out Offset number: 1-800-304-3107
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Dear chas: An installment agreement with the IRS abates all offset actions as long as you are current with the arrangement. I would call the offset number and also the company that holds the loan. If your last payment is Jan 31 2009 it is unlikely they will offset your debt if you have been current with all payments.
This advice was prepared based on our understanding of the tax law in look at the time it was written as it applies to the facts that you provided. Click on my profile to read more. Errol Quinn Enrolled Agent Master Tax Advisor
References :