The income that they said was not reported was a part time job and I didn't make but like $4000 with that job and about 18,000 at my fulltime job. Since I made sure that they had all income reported this time, would they not bother me about owing the money when they claimed that all my income wasn't reported for 2005 and send my whole refund to me? I also sent a paper into them and I said on their paper that I would try my best and have the taxes due by April 17th. I was wondering will they send me the refund for 2006 and then I will have to mail them a money order or will they take it right away? My friend said that if they send me the refund then I don't have to worry about it and they must have made a mistake on their part. Any advice would be greatly appreciated. Thanks.
2007-03-27 07:39:42 · 7 answers · asked by Butterfly28 1 in Business & Finance ➔ Taxes ➔ United States
You should have amend your 2005 return unless you agreed with the IRS tax calculations. You should pay what you owed to the IRS in 2005 because it earned interest. Now, if you have refund in 2006, they will deduct what you owed in 2005 and will send you the rest, if there's any.
2007-03-27 08:51:36 · answer #1 · answered by Shayne 1 · 0⤊ 0⤋
You're being kind of stupid here.
Of course they'll keep your 2006 refund if you still owe money from 2005.
Also, you "sending a paper" and saying that "I'll do my best to get my taxes in on time" aren't going to cut it. If you need an extension then you need to file the right paper work. Just sending a "paper" won't do it.
2007-03-27 14:45:44 · answer #2 · answered by Box815 3 · 1⤊ 1⤋
Yes, if you owe a debt to the IRS, they will offset any State or Federal refunds you have coming to lower that debt. If your refund covers the debt completely you'll get whatever is left. If it dose not, you'll get a bill for the balance.
2007-03-27 14:48:14 · answer #3 · answered by Bostonian In MO 7 · 3⤊ 0⤋
They'll keep as much of your refund as is needed to satisfy what you owe.
2007-03-27 18:00:10 · answer #4 · answered by Judy 7 · 1⤊ 0⤋
In my experience, they will deduct what ever you owe and you will get the remainder of your refund.
2007-03-27 16:20:18 · answer #5 · answered by Frank F 1 · 0⤊ 0⤋
What Bostonian Said! Don't listen to your friend's advice....
good luck & bless
2007-03-27 14:58:12 · answer #6 · answered by Wood Smoke ~ Free2Bme! 6 · 2⤊ 0⤋
They will go thru any means to get their money back! Of course they will keep it.
2007-03-27 15:11:56 · answer #7 · answered by Me 4 · 0⤊ 0⤋