If it says I’m in debt will that money be taken out of my return?
021197
2 Replies
sierrapeaks
Level 3
Feb 9, 2020 4:14:25 AM
Yes.
5 years ago they took $3,300 out of my return. But at least the debt is paid in full. Otherwise the IRS will screw you royally on interest.
JeanneLO
Intuit Alumni
Feb 9, 2020 8:34:16 AM
If you have a refund offset the IRS can use part or all of your refund to offset the debt. You will receive a letter from the Bureau of the Fiscal Service is your debt is offset.