Each year, some taxpayers file their tax returns and eagerly await a refund, only to find it has been reduced or withheld. When taxpayers have unpaid federal or state tax debts, including child support, tax law allows the IRS to offset the debt by applying a refund toward it. For some taxpayers, this refund is essential for covering necessary expenses, and losing it can create a hardship. The National Taxpayer Advocate (NTA) advises eligible taxpayers to document the economic hardship and seek an offset bypass refund (OBR). The NTA warns that this must be done before the IRS offsets the refund. So if you need an OBR, gather your documentation now. For more about OBRs: https://bit.ly/3C4D9iY
Our Blog 