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Default Student Loan
Jessica Said:
Tax refund garnishment due to default student loan?We Answered:
Dear chas: An installment agreement with the IRS abates all offset actions as long as you are current with the arrangement. I would call the offset number and also the company that holds the loan. If your last payment is Jan 31 2009 it is unlikely they will offset your debt if you have been current with all payments.This advice was prepared based on our understanding of the tax law in effect at the time it was written as it applies to the facts that you provided. Click on my profile to read more. Errol Quinn Enrolled Agent Master Tax Advisor