Carlsbad, NM asked in Collections and Tax Law for New Mexico

Q: Hello, my federal tax refund was just taken to pay us dptmnt of education for a loan from dec 5,08. Is that legal in NM?

the account went into collections and was opened on dec 5, 2008. it has been over 7 years. Is that llegal for the IRS to take my taxes for this even though its been over 7 years?? They took my taxes last year as well but that was in the 7 year period. Can you please help me out. Thanks.

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1 Lawyer Answer
Marshall Jason Ray
Marshall Jason Ray
  • Albuquerque, NM
  • Licensed in New Mexico

A: The following constitutes general information and not legal advice specific to your situation. The collection options available with respect to federal student loans and private student loans are different. With federal student loans, there are few ways to make outstanding debt go away. Paying it off is the main one. There is no statute of limitations on federal student loan debt. In other words, it is not a viable plan to attempt to wait out and allow student loan debt to expire, or for a statute of limitations to run. Again, the collection options on delinquent federal student loans are extraordinary.

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