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Posted by Alan on April 30, 2008, 4:36 pm
Please log in for more thread options Phil Marti wrote:
> "Pye" wrote:
>
>> So I filed my 2007 Federal Taxes. I owed them $70 when I filed but
>> had not sent the money. Should I assume that the rebate check will
>> come on time ( per the alst two digits of Soc Sec) and that the $70
>> owed will be deducted from it?
>
> Yes. They'll also deduct the penalty and interest you owe for not paying
> your 2007 taxes on time.
>
> Editorial comment. With the politicians and press blathering about a
> "rebate," unless I missed it IRS never did a Q&A addressing OP's situtation.
> This is the third time I've seen this come up in various venues. Someone at
> IRS was asleep at the switch.
>
Here's the only Q&A I've seen on offsets.
Q. The notice I received shows that I should have gotten more
than the government actually deposited into my bank account. Did
something go wrong?
A. It could be that the amount deposited into your bank account
was what remained of your stimulus payment after it was offset
for money you owed on back taxes or other debts such as a student
loan or child support. If this is the case, you’ll receive an
additional notice, providing details on the offset.
There are other Qs & As on timing that say a taxpayer won't get
an ESP until the IRS has finished processing the 2007 tax return.
That leaves me to believe that the ESP will be offset for 2007
taxes not paid with the filing of the return.
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