If you owe money to the IRS, will they take your stimulus money to be repaid?
Posted by admin @ Friday, Feb. 6th 2009
redsonia1960 asked:
One of my co-workers said that the IRS told her daughter that they will be taking her stimulus money, due to the fact that she owes back taxes. I thought the money is ti stimulate they economy, not the government.
One of my co-workers said that the IRS told her daughter that they will be taking her stimulus money, due to the fact that she owes back taxes. I thought the money is ti stimulate they economy, not the government.
Posted in News
February 8th, 2009 at 8:37 am
That wouldn’t make any sense. Your logic seems correct, if they take it for tax payments then it wont be spent.
February 12th, 2009 at 11:18 am
The IRS is not a credit card company. If you owe them money, they will take it. That’s the government for ya.
February 14th, 2009 at 6:44 pm
You owe back taxes, and you’re worried you might not get you’re money so you can spend it.
February 16th, 2009 at 4:36 am
Yes, the IRS can take practically anything, even IRAs and 401Ks which cannot be touched by any other government agency, they’ll take your shorts if you don’t hide them.
February 18th, 2009 at 10:25 am
They made it clear, it’s for people who paid taxes. If you didn’t pay taxes “all” you will not get a check.
February 19th, 2009 at 3:54 am
Yes, it will be captured to pay the debt. It does “stimulate” her personal economy by reducing her debt! The government is going to get their money one way or another and the IRS always keeps refunds if you owe them.
February 19th, 2009 at 6:04 am
IRS will take the rebate. IRS has to take the money since one owes and has not full paid account. Which is a good thing because one get closer to paying off the debt.