Answer to Question #25433 in Finance for Chinge

Question

is us treasury tax refund the same as federal tax refund?

Answer 1

The IRS has power to require people to file Federal tax returns under 26 U.S.C. § 6011. Persons required to file Federal income tax are identified by 26 U.S.C. § 6012. People who receive more than the statutory minimum amount of gross income must file.
In most cases, the Financial Management Service uses the Treasury Offset Program to collect Treasury debts by the offset of tax refunds and other Federal payments. See § 5.9(c) of this part. If not already transferred to the Financial Management Service under § 5.9 of this part, Treasury entities will refer to the Treasury Offset Program any past-due, legally enforceable debt for collection by tax refund offset.See 26 U.S.C. 6402(d), 31 U.S.C. 3720A and 31 CFR 285.2.