What means IRS?

liigo Business 50

  What happens when your income tax refund is garnished for debt?

  So you were expecting a tax refund from the IRS after you filed

  a tax return. Insteasd of getting your refund, the IRS sent you a

  letter saying that your refund was used (garnished) to satisfy your

  back tax debt. What is going on? This means that you have a back

  tax liablility with the IRS and the IRS will take your refund to

  satidfy that debt. If you got your refund check garnished and you

  were unaware you owed the IRS, you need to take care of this

  situation fast. The IRS can start enforced collections against you

  and go as far as garnishment of your pay and levy your bank

  accounts. You can find out more at

  wallysworldoftaxes.blogspot.com.

Related Q&A:

What means IRS?

Oh boy, IRS stands for the Internal Revenue Service. It's like the big agency in the United States that's in charge of collecting taxes and making sure everyone follows the tax rules. You know, they deal with all that complicated stuff related to income taxes and making sure people pay what they owe. It's a pretty important organization when it comes to the government's finances and all that jazz. So, basically, if you have any tax-related questions or need to handle your taxes, the IRS is the place that comes into play.