These letters are IRS Debt Indicator codes, and they indicate
whether the taxpayer has any outstanding debt. If the taxpayer has a
"I", "F", or "B" debt indicator, the
refund will be applied to the debt owed before any amount is refunded
to the taxpayer. The IRS Debt Indicator will be listed on IRS
Acknowledgment Reports and within Client Status under
the Summary tab, as Debt Code.
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Debt Indicator
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Explanation
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N
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None; the taxpayer has no outstanding debt to the federal
government.
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I
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The taxpayer owes back taxes to the IRS. For inquiries, the
taxpayer may contact the IRS at (800) 808-4262.
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F
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The taxpayer has a debt with one or more of the agencies
managed by the Financial Management System. This debt could be
for student loans, child support, etc. For inquiries, the
taxpayer may contact the FMS at (800) 304-3107.
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B
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The taxpayer owes both the IRS and the Financial Management
System
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