Yes, the IRS may hold your refund if you owe taxes or have other outstanding debts such as unpaid child support or federal student loans. They can use your refund to offset these debts.
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.
If I owe back child support money, will the IRS hold my refund or delay my refund? Yes. The Bureau of Fiscal Service (BFS) might delay or offset your refund to pay your debt. For child support tax refund concerns, contact your debt agency to determine if it submitted your tax debt for a tax refund debt offset.
Typically, the Internal Revenue Service doesn't collect your refund if you owe them money. They will keep your federal refund.
Yes, the IRS can take your tax refund if you are in bankruptcy, particularly if you owe back taxes or have not filed your tax returns. However, if your bankruptcy case is under Chapter 7 and you have unpaid tax liabilities, the IRS may offset your refund to cover those debts. In a Chapter 13 bankruptcy, your refund may be considered part of your disposable income and could be used to pay your creditors. It is essential to consult with a bankruptcy attorney for guidance specific to your situation.
Yes, there is no fee to amend your taxes, but you may owe additional taxes or receive a refund depending on the changes made.
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.
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
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 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.
It depends. The IRS may be expecting that you owe additional taxes and can hold refunds until you get it all squared away. Given the backlog, however, they may not yet be aware that you haven't file 07 and 08.
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.
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.
Yes, but they will first deduct any amount you owe from what your refund would be.
If I owe back child support money, will the IRS hold my refund or delay my refund? Yes. The Bureau of Fiscal Service (BFS) might delay or offset your refund to pay your debt. For child support tax refund concerns, contact your debt agency to determine if it submitted your tax debt for a tax refund debt offset.
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.
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.
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.