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DEBT AND EIP

Audi J
Level 1

A client owe taxes in 2020 but he didnt received his EIP1 or 2. Does the IRS will deducted from his taxes to pay his debt with them?

i understood they wont.

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3 Comments 3
sjrcpa
Level 15

My understanding is they won't for the EIP, but if the 1040 has a refund they'll take it.

The more I know, the more I don't know.
Just-Lisa-Now-
Level 15
Level 15

They wouldnt take the advances, but now it a refundable credit on the tax return and fair game.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
BobKamman
Level 15

https://procedurallytaxing.com/more-trouble-with-notices-and-more-discussion-of-offsets/

See discussion in last four paragraphs of how IRS could decide not to do this, but hasn't yet.