I'm using Turbo Tax and I don't see that as an option. Do I need to file on a 1040ez instead?
Thanks!
2007-03-20 06:35:42 · 9 answers · asked by Cold Texan 2 in Business & Finance ➔ Taxes ➔ United States
The IRS will likely just keep the money and post it to your outstanding debt.
-MM
2007-03-20 06:41:01 · answer #1 · answered by Anonymous · 2⤊ 0⤋
If you owe the IRS they will just keep your refund automatically. You will then receive a letter from them tellimg you the amount of your refund has been applied to your out-standing tax liability and either the balance still oweing or and refund check for the differance.
2007-03-24 04:14:21 · answer #2 · answered by cheatersrlosersbyme 1 · 0⤊ 0⤋
I was in the same boat last year and the IRS as well as the state in which I lived automatically applied the refund and sent out a statement explaining. I had some refund amount left and it was deposited as usual.
2007-03-20 06:51:11 · answer #3 · answered by jjoonthego 2 · 1⤊ 0⤋
The way I understand it, the IRS will automatically take what you owe from your refund. I also don't think it matters which form you use to file. My daughter had this problem, and they took the money out of her refund.
2007-03-20 06:46:15 · answer #4 · answered by Mighty Mo 1 · 1⤊ 0⤋
Don't worry, the IRS will apply it automatically for you. If your refund exceeds your balance due the IRS, you'll get a check for the difference after they subtract your debt from your refund amount.
2007-03-20 06:53:11 · answer #5 · answered by Bostonian In MO 7 · 2⤊ 0⤋
No, just file normally. The IRS will cross collect what you owe and as others have mentioned possibly a little extra for the interest and penalty kitty.... This will probably cause a delay in any remaining refund to which you are entitled of a couple of weeks.
good luck
2007-03-20 07:41:52 · answer #6 · answered by Wood Smoke ~ Free2Bme! 6 · 2⤊ 1⤋
The IRS will automatically offset what you owe from a previous year.
Due to interest and penalties, they will probably keep a little more than you expect though.
2007-03-20 06:39:34 · answer #7 · answered by Wayne Z 7 · 4⤊ 0⤋
They usually apply your refund to what you owe automatically, if there is still an overpayment on your part they will send you the difference.
2007-03-20 06:40:44 · answer #8 · answered by irishlass 5 · 1⤊ 0⤋
Don't worry about it - if you owe them money from previous years, they'll take care of applying your refund to your debt.
2007-03-20 15:12:52 · answer #9 · answered by Judy 7 · 0⤊ 0⤋
the IRS will take it and u don't have to do anything--they will notify u if u owe anymore.
2007-03-20 06:43:49 · answer #10 · answered by luminous 7 · 1⤊ 0⤋