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When will I know if my federal refund will be garnished for money owed to a property management company?

Arlington, VA |
Filed under: Tax law

Recieved a letter today that I have 90 days to pay their settlement offer and the account would then be closed and satisfied.Is it safe to assume I am ok til at least that 90 day mark? I have already filed my taxes..opted for a check,not direct deposit..if I do nothing what would be their next step? I really just want to know if I can expect my tax return to be ok,I am really counting on this money..

Attorney Answers 3

Posted

Not to sound cheeky, but I suppose you'll know for sure about 1 second after you find out the check clears.

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Posted

If you owe money to the IRS they will deduct it from any refunds you are to receive.

Any individual seeking legal advice for their own situation should retain their own legal counsel as this response provides information that is general in nature and not specific to any person's unique situation. Circular 230 Disclaimer - Advice given in this response cannot be used to eliminate penalties with the IRS or any other governmental agency.

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Posted

You don't mention what the property management company is, but as a general rule, non federal and state agencies, i.e. private companies, can not attach IRS Refund Checks directly. Can they attach your bank account if they go through the procedures? Yes usually. I don't know what Virginia law says, but as a rule, most companies when they offer a settlement, will usually wait until the time expires, but it's not usually required by state law.

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