Saturday, April 12, 2014

Federal government seizes $424 million in tax refunds from children to pay back old debts owed by their PARENTS

  • U.S. Treasury has grabbed $75 million this year from Americans whose debts are more than 10 years old, thanks to a single line in the farm bill
  • Many of the debts trace back to the deceased parents of the people who now see their IRS tax refund checks sent back to Washington, D.C.
  • Only about 10 per cent of appeals are granted
  • A Maryland woman said she lost nearly $3,000 because the Social Security Administration overpaid her mother in 1977 after her husband died, leaving her with five children to raise
  • Before the farm bill language turned up, Uncle Sam couldn't recover money that was owed for more than a decade

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.