Federal income tax refund offset definition

Federal income tax refund offset means the intercept of Internal Revenue Service income tax refunds to pay sup- port as provided in 26 U.S.C. 6402 and 42 U.S.C. 664.
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Federal income tax refund offset means intercept of federal tax refunds from noncustodial parents who owe past-due support.
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Examples of Federal income tax refund offset in a sentence

  • In addition to the actions in subrule 71.6(1), the following may be used for the collection of food stamp overpayments.a. Federal income tax refund offset in accordance with Iowa Administrative Code rule 441—11.5(234).b.

  • All recipient claims submitted by Stateagencies participating in the Federal income tax refund offset program (FTROP) shall be subject to thematching procedures specified in thisparagraph.

  • Any collections received based on Federal income tax refund offset under section 464 of the Social Security Act (42 U.S.C. §664) and distributed by the Agency must be applied to satisfy child support arrearages.

  • The regulations in this subpart speci- fy the Agency procedures that will be followed in order to implement the Federal income tax refund offset proce- dures set forth in 26 U.S.C. 6402(d) of the Internal Revenue Code (Code), 31U.S.C. 3720A, and 301.6402–6 of the Treasury Regulations on Procedure and Administration (26 CFR 301.6402–6).

  • If a conditionally-assigned arrearage is collected through a Federal income tax refund offset, the collection is retained by the State to reimburse the State and the Federal government up to the cumulative amount of unreimbursed assistance paid to the family.

  • The reason for this change is to improve the currency of arrearage data.1.2 BackgroundRecent changes, resulting from the Deficit Reduction Act (DRA) of 2005, impact both the priority of offsets at Department of Treasury (removing the distinction in priority between Temporary Assistance to Needy Families (TANF) and non-TANF past-due support), as well as providing States with the authority to pass through Federal income tax refund offset collections to the family first.

  • In particular, collections from a source other than Federal income tax refund offset which are distributed to conditionally-assigned arrears and all collections distributed to family arrears will be disbursed directly to the TA family by the child support enforcement program.

  • Current support does not include collections applied to arrears ledgers by Federal income tax refund offset, or payments that were applied to any other arrears ledgers.

  • When a robot motion event is processed, the trajectory of the robot is compared to the positions of other nearby robots.

  • If a conditionally-assigned arrearage is collected through a Federal income tax refund offset, the collection is retained by the State to reimburse the State up to the cumulative amount of URA.

Related to Federal income tax refund offset

  • Federal Income Tax means any Tax imposed by Subtitle A of the Code, and any interest, penalties, additions to tax, or additional amounts in respect of the foregoing.

  • Consolidated federal income tax return means a consolidated return filed for federal income tax purposes pursuant to section 1501 of the Internal Revenue Code.

  • Unpaid estimated income tax means estimated income tax due but not paid by the date the tax is required to be paid under applicable law.

  • Pre-Tax Income means income, as determined by GAAP, prior to deduction of the Bonus Pool (as hereinafter defined) and income taxes, and if applicable, after the deduction of any bonus pool of a future officer bonus plan adopted by the Company relating to an applicable Award Year and adjustments approved by the Board as described herein.

  • Non-Income Tax Return means any Tax Return relating to Taxes other than Income Taxes.

  • Income Tax Act means the Income Tax Act (Canada), as amended from time to time;

  • Foreign Income Tax means any Tax imposed by any foreign country or any possession of the United States, or by any political subdivision of any foreign country or United States possession, which is an income tax as defined in Treasury Regulation Section 1.901-2, and any interest, penalties, additions to tax, or additional amounts in respect of the foregoing.

  • council tax benefit means council tax benefit under Part 7 of the SSCBA; “couple” has the meaning given by paragraph 4;

  • Tax Refunds means refunds of any Cash paid by the Participating CCAA Parties on account of Taxes, refunded to such Participating CCAA Parties from time to time by the applicable Taxing Authorities;

  • Income Tax Return means any Tax Return relating to Income Taxes.

  • Non-Income Tax means any Tax other than an Income Tax.

  • Tax Refund means a refund of Taxes previously paid and any overpayment interest within the meaning of Section 6611 of the Code or any similar provision under applicable Tax Law (whether paid by way of a refund or credited against any liability for related Taxes).

  • Net Tax Benefit has the meaning set forth in Section 3.1(b) of this Agreement.

  • Tax Credits means any state, local and/or federal production tax credit, tax deduction, and/or investment tax credit specific to the production of renewable energy and/or investments in renewable energy facilities.

  • Taxable Event means any change in control or other event which triggers the imposition of any Excise Tax on any Payment.

  • Tax Benefit Payment is defined in Section 3.1(b) of this Agreement.

  • Pre-Tax Earnings means the Corporation's earnings before income taxes as reported in the Company's Consolidated Income Statement for each fiscal year of the Performance Period, excluding any non-cash charge incurred in accordance with accounting principles generally accepted in the United States of America (GAAP) for any restricted stock or restricted stock unit awards granted during the Performance Period and all options, restricted stock and other equity compensation granted to Directors during the Performance Period.

  • Tax Benefit means any refund, credit, or other item that causes reduction in otherwise required liability for Taxes.

  • Tax Loss means the taxable income or tax loss of the Trust, determined in accordance with Section 703(a) of the Code, for each Fiscal Year as determined for federal income tax purposes, together with each of the Trust's items of income, gain, loss or deduction which is separately stated or otherwise not included in computing taxable income and tax loss.

  • Income Tax means any federal, state, local, or foreign income tax, including any interest, penalty, or addition thereto, whether disputed or not.

  • State Income Tax means any Tax imposed by any State of the United States (or by any political subdivision of any such State) or the District of Columbia, or any city or municipality located therein, which is imposed on or measured by net income, including state and local franchise or similar Taxes measured by net income, and any interest, penalties, additions to tax, or additional amounts in respect of the foregoing.

  • U.S. Source Withholdable Payment means any payment of interest (including any original issue discount), dividends, rents, salaries, wages, premiums, annuities, compensations, remunerations, emoluments, and other fixed or determinable annual or periodical gains, profits, and income, if such payment is from sources within the United States. Notwithstanding the foregoing, a U.S. Source Withholdable Payment does not include any payment that is not treated as a withholdable payment in relevant U.S. Treasury Regulations.

  • Income Tax Expense means, with respect to the Borrowers, for any period, the aggregate, without duplication, of all Taxes on the income of such Person for such period, whether current or deferred, determined on a Modified Consolidated Basis.

  • Input Tax Credit means the credit of input tax;

  • New jobs credit from withholding means the credit as provided in Iowa Code section 260E.5.

  • Pre-Tax Contributions means, for any Participant, the aggregate of the Participant's Basic Pre-Tax Contributions and Supplemental Pre-Tax Contributions contributed to the applicable Pre-Tax Contribution Account.