Dear [IRS Representative], I am writing to formally request that the Internal Revenue Service (IRS) refrain from offsetting my tax refund for the tax year [year] in order to resolve my outstanding debt with the state of New Mexico. I have recently become aware of the offset program and its potential consequence on my tax refund, and I believe there are circumstances that warrant an exception in my case. Firstly, I would like to provide some context regarding the nature of my debt with New Mexico. [Provide details on the specific state debt, such as unpaid taxes, penalties, or interest]. While I understand the importance of fulfilling my tax obligations to the state, I would like to state that this debt was incurred due to unforeseen financial hardship that I experienced during the [specific time period when the debt was accrued]. During this challenging time, I faced [describe the circumstances contributing to your financial hardship such as job loss, medical expenses, or family emergencies], which significantly impacted my ability to meet my financial responsibilities. Despite my best efforts, I was unable to allocate the necessary funds to fully resolve my state tax debt in a timely manner. However, I am now in a more stable financial position and committed to fulfilling my obligations. As evidence of my dedication, I have taken proactive steps to rectify the situation. [Provide details of any actions taken, such as enrolling in a payment plan, making partial payments, or seeking professional advice on how to address the debt]. Moreover, I would like to emphasize that the offset of my tax refund will further exacerbate my current financial circumstances. [Explain the adverse effects the offset would have on your financial situation, such as inability to cover necessary expenses, provide for dependents, or meet other outstanding debts]. In light of these circumstances, I kindly request that the IRS grant an exception and refrain from offsetting my tax refund to resolve the debt owed to New Mexico. This alternative would allow me to allocate the refund towards essential living expenses and gradually repay my state tax obligation through an agreed-upon payment plan. By doing so, I will be able to honor my commitments to both the state and federal tax authorities while ensuring the well-being of myself and my dependents. I understand that the decision regarding my request rests solely with the IRS, but I sincerely hope that the circumstances outlined above serve as compelling grounds for granting an exception in my case. I assure you that I am dedicated to resolving my financial obligations and maintaining a responsible and compliant tax record moving forward. Thank you for considering my request, and I would greatly appreciate any assistance or guidance you can provide. Please do not hesitate to contact me at [your contact information] if you require any further information or documentation. Sincerely, [Your Name] Additional types of New Mexico Sample Letter for Request for IRS not to Offset against Tax Refund may include: 1. New Mexico Sample Letter for Request for IRS not to Offset against Tax Refund (Business): This variant can be used by business owners who have outstanding state tax debt and need to request that their tax refund is not offset by the IRS to resolve the debt. 2. New Mexico Sample Letter for Request for IRS not to Offset against Tax Refund (Innocent Spouse Relief): This type of letter may be used by individuals who believe they qualify for innocent spouse relief, a provision that allows a spouse to be relieved of tax, interest, and penalties on jointly filed tax returns. 3. New Mexico Sample Letter for Request for IRS not to Offset against Tax Refund (Financial Hardship): This version can be used by individuals who can demonstrate severe financial hardship and explain how an offset of their tax refund would significantly worsen their financial situation.
New Mexico Sample Letter for Request for IRS not to Off Set against Tax Refund
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How to fill out Sample Letter For Request For IRS Not To Off Set Against Tax Refund?
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FAQ
So, your explanation letter to IRS should include the following writing items: Name, address, and contact information of the taxpayer. An explanation expressing your desire to appeal the IRS conclusions. The tax period. A list of the points you disagree with and your explanations. Facts supporting your position.
The ?Notice of Intent to Offset? tells you that you have a delinquent debt and part or all of your federal payments will be seized by the government. Federal tax refunds are typically offset by the IRS, although they may also accept other forms of federal payments.
The ?Notice of Intent to Offset? is telling you that you have taxes owed and the government is going to seize part or all of your federal payments. The IRS commonly offsets Federal tax refunds, but they can also take other types of federal payments as well.
You will have 60 days to pay the benefit overpayment in full or prove the overpayment is not owed. The Department of the Treasury will notify you by mail when a federal offset occurs. The letter includes the amount and date of the offset, and EDD contact information.
The Treasury Offset Program (TOP) collects past-due (delinquent) debts (for example, child support payments) that people owe to state and federal agencies. TOP matches people and businesses who owe delinquent debts with money that federal agencies are paying (for example, a tax refund).
Ing to the IRS, your letter should include the following: Taxpayer's name, address, and contact information. A statement expressing your desire to appeal IRS's findings to the Office of Appeals. The tax period in question. A list of the items you do not agree with and the corresponding reasons.
Offset letter The letter explains that we plan to notify BFS of the debt if you do not pay in full within 60 days. BFS will send you a letter explaining why your federal refund was reduced and that it may take several weeks before the federal refund reaches FTB.
For example, with the Low and Middle Income Tax Offset (LMITO) for 2021-22, if your taxable income is $37,0000 or less, you will receive a $675 offset on your tax payable when you lodge your tax return. If your income is $48,001 to $90,000, however, the offset is worth $1,500.
