As the 2015 tax season approaches, you may be getting excited about your potential tax refund.
However, that excitement may be premature if you have outstanding federal or state debts. The Treasury Department’s Bureau of the Fiscal Service (BFS) issues federal tax refunds, and Congress authorizes BFS to reduce your refund through its Treasury Offset Program (TOP) to pay:
• Past-due child and parent support;
• Federal agency non-tax debts; Read more