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Yes, as you can't claim it as an expense unless it has been paid, therefore it can't be added to a deduction against income, which will effect anyone's refund.
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∙ 16y ago
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How Long will take for your tax refund if you owe?
Ahhhhh . . . you do not get a tax refund if you owe. You pay them.
What if you owe IRS but have a refund?
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.
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.
You owe 6000.00 in taxes from 2007 and will get a refund of 3500.00 this year will you get to keep the refund?
If you still owe that money, your refund will probably just get deducted off your taxes.Read more >> Options >>http://www.answers.com?initiator=FFANS
Can a bondsman stop you from getting your refund if you owe him money?
no
If I owe back child support is it possible I will get my refund?
no
Can fed take my taxes if i owe state?
if i owe federal taxes will they take my state refund
Can you get in trouble for not paying medical expenses after a car accident?
Yes, the doctor and/or medical facility to whom you owe the bill can (and probably will) take you to court.
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.
Do you receive a refund if you owe one of the creditors on your bankruptcy?
No. The debt is simply discharged so you don't owe it.
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.
How do you file for a refund?
You file your return, like everyone else, and if you owe money you pay it and if you have a refund coming, you receive it.
