Your tax refund could be offset by debts

Posted on May 13, 2014

If you have unpaid obligations, such as overdue child support, state income tax, or student loans, part or all of your 2013 income tax refund may be redirected to pay the debt. The Treasury Department’s Bureau of Fiscal Service runs the offset program, and it is this agency that will send you a notice if an offset occurs. The notice will list the original refund and offset amounts, plus the name and contact information of the agency that received the payment. For more details or assistance, contact our office.

Gilliland & Associates, PC is a full-service CPA firm specializing in tax planning for individuals and businesses in the Northern Virginia area. We are based in Falls Church, VA and also service clients in the McLean and Tysons Corner, VA. Gilliland & Associates specializes known for our superior knowledge and aggressive interpretation and application of tax laws, we help you keep more of your earnings by finding you the lowest possible tax on your business or personal tax return. You can connect with us on Google+ <https://plus.google.com/108764776146415485651/posts> , LinkedIn <http://www.linkedin.com/in/gillilandcpa> , Facebook <https://www.facebook.com/gillilandcpa> , and Twitter <https://twitter.com/dnggcpa>

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