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Payment plan and refund on current return

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    #1

    Payment plan and refund on current return

    Client is filing a payment plan for past taxes. Assuming that all payments are current, does anyone know if the IRS will take any refunds that they might receive in future years if there is still a balance due?

    Thanks,
    LT
    Only in government or politics is a "cut in spending" really an increase. It's just not as much of an increase as they wanted it to be, therefore a "cut".
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    #2
    They will take all refunds due until the debts is paid. Doesn't matter if there is a payment plan or not.
    You have the right to remain silent. Anything you say will be misquoted, then used against you.

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      #3
      Originally posted by WhiteOleander View Post
      They will take all refunds due until the debts is paid. Doesn't matter if there is a payment plan or not.
      Thanks - I suspected that but the instructions for the form did not state either way.
      Only in government or politics is a "cut in spending" really an increase. It's just not as much of an increase as they wanted it to be, therefore a "cut".

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      This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.

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