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We owe the IRS around $700 for an overpayment from them from 2015. Will that amount come out of our return automatically?

 
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AlanT
Expert Alumni

We owe the IRS around $700 for an overpayment from them from 2015. Will that amount come out of our return automatically?

Yes, if you owe the IRS $700 for a previous year and will be receiving a refund for 2018, the IRS will use your refund to offset the prior year debt.  You will receive a refund for the balance, if any, after the debt has been satisfied.  

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AlanT
Expert Alumni

We owe the IRS around $700 for an overpayment from them from 2015. Will that amount come out of our return automatically?

Yes, if you owe the IRS $700 for a previous year and will be receiving a refund for 2018, the IRS will use your refund to offset the prior year debt.  You will receive a refund for the balance, if any, after the debt has been satisfied.  

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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