- 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
Showing posts with label Tax payments seized for parental debt. Show all posts
Showing posts with label Tax payments seized for parental debt. Show all posts
Saturday, April 12, 2014
Federal government seizes $424 million in tax refunds from children to pay back old debts owed by their PARENTS
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