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.
This discussion has been locked. No new contributions can be made. You may start a new discussion here
My understanding is they won't for the EIP, but if the 1040 has a refund they'll take it.
They wouldnt take the advances, but now it a refundable credit on the tax return and fair game.
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.
You have clicked a link to a site outside of the Intuit Accountants Community. By clicking "Continue", you will leave the community and be taken to that site instead.