The form 8995 is calculating a 20% deduction from your taxable income. If you are reporting a business loss, there will not be a deduction so your refund will not change. However, if you are reporting a profit, then you will get the 20% income deduction; meaning a higher refund or less tax due.
Filing after January 31st but before April 15th will not flag your return. However, you mention an offset. That usually indicates some kind of government debt. If there is some outstanding government debt, your refund will most likely be used to pay that debt. If there is refund left over it will be issued to you.
Here is a link with more information on the Treasury Offset Program.
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