April 15th
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.
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.
Is where you owe more money
No, a person will not owe taxes to the IRS if they haven't worked in 8 years. Taxes are only due on money earned.
One can find advice if one owes money to the IRS by visiting the IRS website. On the site they have 10 tips for Taxpayers who owe money to the IRS. Included in these tips are ways to make payments and applying for additional time.
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.
To determine if you owe the IRS money, you can check your tax records or contact the IRS directly for information on your tax status.
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.
Is where you owe more money
Yes, you can still receive a refund from the IRS even if you owe them money. The refund will be used to offset the amount you owe, and you will receive the remaining balance, if any.
No, a person will not owe taxes to the IRS if they haven't worked in 8 years. Taxes are only due on money earned.
One can find advice if one owes money to the IRS by visiting the IRS website. On the site they have 10 tips for Taxpayers who owe money to the IRS. Included in these tips are ways to make payments and applying for additional time.
The IRS will notify you.
Debts to the IRS are confidential; the IRS cannot disclose the debt unless they bring a civil suit to get the money.
If you require a tax extension and do not owe any money to the IRS, then you are in good shape. However, if you do owe money to the IRS, then you are still going to have to pay up by the deadline. Even if you want to get a tax extension, you will have to pay at least 90% of what you owe to the IRS ahead of time. The other 10% of what you owe may then be given to the IRS by the tax extension deadline. Be sure to understand the tax extension deadline rules so you do not get into legal trouble with the IRS.
The IRS can actually garnish your wages if you owe back taxes. However, they will work with you on an installment plan if you need it. The IRS wants their money so they will try to give you a discount if you ask for it.
Usually if you owe back taxes, IRS will send you a letter to notify you that you owe IRS money. However, if you are not sure, try to call IRS at 1-800-829-1040. Also you can go and visit an IRS local office (if they get one in your city.) For more information, check the related links below.If you can not read, or understand the different codes, consult with a licensed tax professional such as an Enrolled Agent.