Thousands Losing Tax Refunds Because of Parents’ Old Debts
Friday, 11 April 2014 | by Pat's Picks
Talk about saddling the next generation with debt. The Washington Post says the government has confiscated refund checks from thousands of taxpayers - to cover debts owed by someone else in their family - usually their parents. Some of these debts go back several decades. The government’s effort to collect these outstanding debts goes back three years - when a single line tucked into the farm bill lifted the 10-year statute of limitations on government debts.
SOURCE: Washington Post