We all look forward to getting a nice fat refund from the IRS come tax time, but sometimes, what we get can be less than what we expected. What was supposed to be a new car down-payment gets whittled down to dinner for one. How can that happen?
Most times this scenario plays out when the taxpayer has some sort of debt that’s owed. The tax refund is fair game for repaying some – but not all – kinds of past-due debt.read more