I defaulted on my student loans on December 24 (Merry Christmas) and I was wondering if the IRS would garnish my tax return immediately? Or does it usually take a while for the IRS to flag you?
Focus CPA Group-(562) 281-1040
I defaulted on my student loans on December 24 (Merry Christmas) and I was wondering if the IRS would garnish my tax return immediately? Or does it usually take a while for the IRS to flag you?
Bostonian In MO says:
Before they take your refund, you should get a letter from IRS.
January 14, 2010, 2:47 pmRead http://taxipay.blogspot.com/2009/01/when…
dshivonn says:
If you just missed your first payment, rest easy. Student loans don’t go into formal default status until you are at least 9 months behind on payments.
January 14, 2010, 2:49 pmYou can call 1-800-304-3107 to see if you’ve been flagged for an offset.