If you want to learn about IRS Tax topic 151, you have come to the right place.
This guide will show you all the information you need to know about this topic.
Your IRS tax transcript shows different codes depending on your tax status.
You should be able to interpret these codes to file returns better and understand your tax refund information.
IRS Tax Topic 151
IRS tax topic 151 refers to reducing or withholding an individual’s tax refund to cover money the taxpayer owes the government.
This includes unpaid or back taxes, child support, and defaulted federal student loans.
The Internal Revenue Servicetakes your refund to satisfy any of the above debts, and you receive a letter with tax topic 151 to explain the reasons for taking your tax refund.
Why You Get The Tax Topic 151
You receive a letter with this topic because the IRS believes that you owe the government some money.
They will take some or all of your tax refund to satisfy your supposed government debt.
Tax topic 151 letters are sent to you to inform you of what the Internal Revenue Service is doing so that you don’t wonder why you received a reduced tax refund or none at all.
This is why you get the IRS code151 in your tax transcript in the US.
Do you have To Respond To Internal Revenue ServiceTax Topic 151?
Typically, you are not required to respond to the IRS 151 letter.
However, if the IRS believes that you still owe more debts after they seize your refund, they might pursue further collection efforts like contacting you.
If you believe the letter with tax topic 151 is an error, you should file a dispute under tax code 151.
You can appeal the decision directly with the IRS or forward it to the US Tax Court, Federal Claims Court, or the District court.
This is all you need to know about IRS Tax topic 151 in the US.
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