Ask the taxgirl: 2007 Liability and Rebates
Taxpayer asks:
For 2007 I owe $1000 to the IRS. I’m entitled to a tax rebate of $1800 (married filing jointly with 2 kids). Should I pay the IRS the $1000 and then receive the $1800 tax rebate check? Or should I not pay the IRS a $1000 and then I will receive tax rebate check of $800 ($1800 - $1000).
Taxgirl says:
The rebate has nothing to do with your 2007 liability. So go ahead and pay the $1000 and wait for your rebate. If you don’t pay, it might hold up your rebate check - plus you’ll be subject to interest and penalties.
Like any good lawyer, I need to add a disclaimer: Unfortunately, it is impossible to give comprehensive tax advice over the internet, no matter how well researched or written. Before relying on any information given on this site, contact a tax professional to discuss your particular situation.
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2 opinions for Ask the taxgirl: 2007 Liability and Rebates
Free Money from the Government!
Feb 19, 2008 at 8:58 pm
[…] For more information about tax liabilities and the rebate, see my prior post on the subject. […]
Ask the taxgirl: Will the rebates affect my tax due?
Apr 17, 2008 at 7:53 am
[…] Um… I’m not sure what happened but it is not be related to the rebate. The rebates will not affect your 2007 liability - you can read my prior post on 2007 liability and rebates here. […]
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