Question:

I owe the IRS back taxes, will I still receive an economic stimulus payment?

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I owe the IRS back taxes, will I still receive an economic stimulus payment?

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3 ANSWERS


  1. nope


  2. Only if your check is more than what you owe.

  3. The IRS will put the stimulus payment towards your back taxes.  Hopefully you have setup something the IRS for your back taxes, you don't want to be hit with late penalties and interest.

    If you can't pay, the IRS will work with you to setup a payment plan.  If you qualify, you could receive an offer in compromise, which you will only end up paying a fraction of what you owe (very hard to obtain though, need to prove many things)

    You can also get help from professionals to help setup one of these things, don't let it go on too long cause the fines and interest will add up.  Here is a site you can get help: http://www.taxdebtaid.com/tax_consultati...

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