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If you owe money to the IRS for prior years taxes, and you have a refund due to you on this year's taxes, the IRS will keep the refund and apply it towards the debt that you owe.
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∙ 13y ago
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If you owe the IRS can you still get refund?
Yes, but they will first deduct any amount you owe from what your refund would be.
If you owe the IRS can you still get a refund?
No not if you are in the FMS offset refund program and your expected refund amount is less than the amount that is owed to the IRS.
How long does it take the irs to take there money you owe them Will my tax refund be offset even though the irs process my tax return?
Yes if you owe the IRS money your tax refund will be offset, and usually if they are aware that you owe them money, they will offset it immediately.
If you owe the IRS can you still get a rapid refund?
I don't understand your question. A refund (rapid or otherwise) occurs when you have overpaid your taxes and the IRS owes you money. If you owe the IRS money, you will not be getting any kind of refund. If you are talking about the situation where this year's tax return shows a refund, but you still owe unpaid taxes from last year, do NOT apply for a rapid refund. The IRS will keep your refund to pay your back taxes and the rapid refund company will still charge you a fee for processing the rapid refund even though you won't be getting any refund. You've waited this long to get a refund. Even if the IRS wasn't getting your refund, is it really worth paying $100 or $200 in fees just to get your refund one week earlier? well that answer is not totally true if you owe the IRS does not mean will not get any refund back because they could have still owed it from the year before and the IRS will deduct what is owed and send out the difference
If you owe IRS how long will they hold your remaining refund check?
The IRS would probably hold your check anywhere from 2 1/2-3 weeks. I know, it sucks but everyone knows that the IRS just HAS to have their money to.Lord knows what the above was trying to say.if you owe the IRS or other governments, then you don't get a refund. You owe.If you owe them less (after including all the penalties and interest , etc you owe on what you owed) than you had coming as a refund, they will keep what you owe and pay the rest in a slight delay (depending on many things including time of year, say 4 weeks extra) past what normal processing would be.
If you owe the IRS can you still get refund?
Yes, but they will first deduct any amount you owe from what your refund would be.
If you owe the IRS can you still get a refund?
No not if you are in the FMS offset refund program and your expected refund amount is less than the amount that is owed to the IRS.
How long does it take the irs to take there money you owe them Will my tax refund be offset even though the irs process my tax return?
Yes if you owe the IRS money your tax refund will be offset, and usually if they are aware that you owe them money, they will offset it immediately.
If you owe the IRS can you still get a rapid refund?
I don't understand your question. A refund (rapid or otherwise) occurs when you have overpaid your taxes and the IRS owes you money. If you owe the IRS money, you will not be getting any kind of refund. If you are talking about the situation where this year's tax return shows a refund, but you still owe unpaid taxes from last year, do NOT apply for a rapid refund. The IRS will keep your refund to pay your back taxes and the rapid refund company will still charge you a fee for processing the rapid refund even though you won't be getting any refund. You've waited this long to get a refund. Even if the IRS wasn't getting your refund, is it really worth paying $100 or $200 in fees just to get your refund one week earlier? well that answer is not totally true if you owe the IRS does not mean will not get any refund back because they could have still owed it from the year before and the IRS will deduct what is owed and send out the difference
Can the IRS offset my ny state refund?
Typically, the Internal Revenue Service doesn't collect your refund if you owe them money. They will keep your federal refund.
Can you get a ral when you owe the IRS?
Of course not...an RAL is a loan taken secured by your refund (refund anticipation loan = RAL). No refund, no loan. The places that do RALs are such rip offs, they'll find some other way to rip you off though. If you read the terms and conditions of a RAL, you have to certify that you do not owe money to the IRS. If the IRS keeps your refund, you will end up having to pay back the RAL at an incredibly high interest rate...probably higher than the IRS charges!
When you pay more than you owe in taxes and the IRS gives you money backwhat is that money called?
A tax refund or tax rebate is a refund on taxes. When your tax liability (the amount of tax you owe) is less than the amount of taxes paid or taken out of your paycheck, the IRS will give you a tax refund once your return is filed.
If you owe IRS how long will they hold your remaining refund check?
The IRS would probably hold your check anywhere from 2 1/2-3 weeks. I know, it sucks but everyone knows that the IRS just HAS to have their money to.Lord knows what the above was trying to say.if you owe the IRS or other governments, then you don't get a refund. You owe.If you owe them less (after including all the penalties and interest , etc you owe on what you owed) than you had coming as a refund, they will keep what you owe and pay the rest in a slight delay (depending on many things including time of year, say 4 weeks extra) past what normal processing would be.
Will you get your rapid refund from h and r block if you owe the IRS?
H and R Block will not lend you the money if you are in the FMS income tax OFFSET REFUND PROGRAM
Can you get a return if you owe back taxes?
If you owe back taxes, the IRS will automatically deduct that amount from your refund. Depending on that amount, you can only receive what is left from that deduction.
Do IRS owe you refund?
They didn't this past year. Guess I'll just have to wait to see about next year though.
Who can keep your tax refund?
If you owe back taxes, the IRS can apply the refund to prior year's taxes owed. I think if someone is in default on a student loan, then tax refund may be withheld to pay that (not positive though). The IRS dot GOV website may have more information.
