Ask The Taxgirl: Rebates For Those Who Owe Back Taxes?
Taxpayer asks:
I ran across your blog while searching for some info on the Tax “stimulas” rebate. To make it short, my husband and I are paying on back taxes (Federal – not state) for 2005. Will we still receive the rebate, or will it go to what we already owe?
Thanks, I have not seen any information on this yet.
Taxgirl says:
I’m afraid that I don’t have good news for you. If you owe for prior taxes or have other federal liabilities, including overdue child support or past due federal student loans, the IRS will apply at least a portion of your rebate towards those liabilities. I don’t know what formula or criteria they’ll use to determine how much will be used for liabilities versus how much you get to keep.
Before you go: be sure to read my disclaimer. Remember, I’m a lawyer and we love disclaimers.
If you have a question, here’s how to Ask The Taxgirl.
It is my understanding the IRS gets the rebate if you owe taxes from previous years. How is this suppose to help the economy????
How about STATE student loans that one may owe on?
My Parents owe State Taxes, will they get thier rebate check back?
I WOULD LIKE TO KNOW THIS ANSWER AS WELL
YOU WILL NOT GET IT ! IF YOU OWE ANY BACK TAXES , THEY TOOK IT FROM ME AND I WAS ON A PAYMENT PLAN , AND STILL OWE THEM 205 BUCKS !
THE ANSWER TO THE REFUNDOR STIMULUS REBATE IS THE IRS WILL TAKE THE WHOLE REFUND. I OUGHT TO KNOW THEY HAVE TAKEN ALL OF MINE WHICH WAS $600.00. THEY ALSO HAVE TAKEN NOT ONLY THE REFUND BUT ALSO THE STIMULUS CHECK OF SEVERAL PEOPLE
THE ANSWER TO THE REFUND OR STIMULUS REBATE IS THE IRS WILL TAKE THE WHOLE REFUND. I OUGHT TO KNOW THEY HAVE TAKEN ALL OF MINE WHICH WAS $600.00. THEY ALSO HAVE TAKEN NOT ONLY THE REFUND BUT ALSO THE STIMULUS CHECK OF SEVERAL PEOPLE THAT OWE.