The IRS Kept My Refund!

October 17, 2010
Written by: steve

Refund Inquiries        Maybe you can file an Offer in Compromise
Question: Can I receive a tax refund if I am currently in a payment plan for prior year’s federal taxes?
Answer: As a condition of your agreement, any refund due you in a future year will be applied against the amount you owe.
Continue making your installment agreement payments as scheduled because your refund is not considered as a substitute for your regular payment due.
You may not get all of your refund if you owe certain past-due amounts, such as federal tax, state tax, a student loan, or child support. You can contact Financial Management Service (FMS) toll-free at 800-304-3107.
The IRS will automatically apply the refund to the taxes owed.

Filed Under: IRS Tax Advice
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