2007-12-31 09:39:03 · 6 answers · asked by densheng 1 in Business & Finance ➔ Taxes ➔ United States
Yes
2007-12-31 09:42:29 · answer #1 · answered by T D 2 · 1⤊ 0⤋
Yes, it can.
Any tax debt to the government, federal or state, can be repaid by them seizing any future refunds you may have when you file your return, if the balance has not been paid in full.
Say you owe 10,000 to the US government. You file your 2007 return and have a refund of $2,000. You won't see your refund as the government will seize the money to pay down your debt and the remaining amount due would then be $8,000 excluding any penalties and interest.
2008-01-01 13:40:16 · answer #2 · answered by MrMojo1 5 · 0⤊ 0⤋
If you are paying on FEDERAL TAXES and have an installment agreement with the IRS, if you read the letter that was sent to you when you request the installment agreement one of the things you agreed to is all future refund will be applied to your existing installment agreement, and you still need to make your monthly payment when it is due. If you refund pays off the amount due, IRS will refund the difference to you.
IRS also offsets refunds to the Attorney General for back pay on child supports cases, and IRS also offsets refunds to student loans.
2007-12-31 17:46:29 · answer #3 · answered by Ms. Angel.. 7 · 1⤊ 0⤋
Yes they will. I speak from experience.
2007-12-31 17:46:27 · answer #4 · answered by jt66250 7 · 1⤊ 0⤋
Yes
2007-12-31 17:42:52 · answer #5 · answered by kdwolfaz 1 · 1⤊ 0⤋
Yes they will.
2007-12-31 17:42:47 · answer #6 · answered by Judy 7 · 2⤊ 0⤋