Can I Get a Refund If I’m on an IRS Payment Plan?

“Can I receive a tax refund if I’m making payments under an installment agreement or payment plan for another federal tax period”?

This is a question I am asked almost daily.

ANSWER: No. One of the conditions of your installment agreement is that the IRS will automatically apply any refund against taxes you owe.

SOLUTION: You can make sure you are not over withholding on your wage income by checking the IRS withholding estimator here: https://apps.irs.gov/app/tax-withholding-estimator

Even if you’re on an IRS payment plan, you can revise that plan to more favorable terms for you or even settle the back tax debt.

For help resolving your tax debt for good, schedule a free consultation with The Tax Resolution Experts here: http://bit.ly/Backtaxbanisher