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Ask the taxgirl: 2007 Liability and Rebates

by Kelly on February 14th, 2008

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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POSTED IN: ask the taxgirl, individual