Who Can Seize Your Income Tax Refund?
This is a frequent question at this time of the year, when financially distressed taxpayers are confronted with a variety of collection efforts. While many creditors will threaten “seizure” of an income tax refund, there are usually only a privileged few that are permitted to “seize” or “intercept” an income tax refund. First, keep in […]
Prioritizing Debt Repayment from Your Income Tax Refund
This is the time of year when many consumer taxpayers are receiving their income tax refunds. While some of that money may be earmarked for special purposes – such as a vacation, large retail purchase or home improvements – many times it will be used to pay debt for which the consumer was already obligated. […]