Pats Fan <kingfish02375[at]yahoo.com> wrote:

- quote -

The student loan repayment request is processed by Financial
Mamagement, an entirely separate Treasury Department
organization. IRS has responded to an order from FMS to
offset the refund and forward the amount to them.

That's money is long gone. Might even have been repaid to
lender by now.

IRS is out of the picture unless there is a balance remaining
for further offset.

So at least some of the student loan has been repaid.

__
Art Kamlet ArtKamlet [at] AOL.com Columbus OH K2PZH

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Pats Fan wrote:

- quote -

Nope.

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- quote -

No

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Pats Fan wrote:

- quote -

This may be a good time to talk about Santa Claus and the
Easter Bunny.

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Pats Fan wrote:

- quote -

But you have raised a critical issue that applies to many
situations both Federal and State for a variety of debts.
Unfortunately you been had!

The only solution I know is tax planning so it does not
happen again.

Dick

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This is one of those, "I don't feel that great even asking
this question, but I will anyway".

T/P files return, resulting in overpayment of $1000, should
get refund. IRS sends $1000 to college as satisfaction of
school loan. Later, Amended Return for unintentionally
Underreported Income is filed, resulting in T/P actually
owing $500. Therefore $1500 is due the IRS. Is there any way
T/P can pay IRS $500 and have the college pay back the IRS
the $1000 that had been sent to them "in error"?

Some simplification done here, but actual situation.

Thanks.

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >