QUESTION
If I owe income tax from a previous year can I still get a refund? How?
Asked on May 19th, 2015 on Taxation - Florida
More details to this question:
I have a tax account and am current on my payments. Will I still be able to get a tax refund from the IRS?
4 ANSWERS
Taxation Law Attorney serving Glendale, CA
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Irsfeld, Irsfeld & Younger LLP
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Your question is not completely clear to me. I think you are saying that you owe money for 2013 (or earlier) taxes but are entitled to a refund of 2014. If so, your refund will be used to offset and reduce your debt.
Answered on May 20th, 2015 at 6:15 PM
Commercial & Bankruptcy Law Attorney serving Powell, OH
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Ronald K. Nims
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No, the IRS will offset your refund against your previous tax debt even if you have an installment agreement.
Answered on May 19th, 2015 at 4:21 PM
Appellate Attorney serving Grosse Pointe Farms, MI
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Musilli Brennan Associates, PLLC
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That will depend on your payment agreement, normally they take the refunds.
Answered on May 19th, 2015 at 3:16 PM
Generally if you owe taxes to the IRS, they will seize your refund and apply towards your outstanding balance.
Answered on May 19th, 2015 at 2:56 PM