Working in a tax resolution firm, I have seen it over and over again. People filed their 2007 tax return when they heard all the hype about the stimulus check. Day after day they rushed to their mailbox waiting to receive their $600 check (or more for couples and families). And then one day, they walk out to the mailbox and- BAM- they have a letter from the Internal Revenue Service stating that their check went toward their tax debt.
Basically, what happened was that these taxpayers who hadn't filed their tax returns for years and years were off the IRS radar and then when the 2007 return was filed- all of a sudden the IRS has a new address for them and finally had the ability to try to collect on the debt that had accrued- whether from the taxpayer's filed returns or from substitute returns filed by the IRS.
Whenever a taxpayer has a tax liability, all refunds received will be kept and applied toward their tax debt. The IRS even has the ability in some cases to levy state refunds as well.
If you think you are entitled to a stimulus check- its not too late! As long as you file your 2007 return and do not owe taxes- your money should find you shortly. However, if you find yourself with a letter from the IRS and the check inside is replaced by a nasty letter, don't wait. Call the most trusted resolution firm in the industry to handle your liability and know that you are well represented before the IRS.
Wednesday, September 17, 2008
Still waiting on that stimulus check?
Posted by
Tabitha
at
7:32 PM
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