ongoing installment plan and the 1200 stim check

Technical topics regarding tax preparation.
#1
ShawnE  
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anyone know if the IRS will "grab" the 1200 and apply it to balance due from prior years?
I can't find nada on that. are we having fun yet?
 

#2
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133
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21-Apr-2014 7:44am
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Endwell NY
Possibly not. See (3) below.

6248(d) EXCEPTION FROM REDUCTION OR OFFSET.—
Any credit or refund allowed or made to any individual by reason of section 6428 of the Internal Revenue Code of 1986 (as added by this section) or by reason of subsection (c) of this section shall not be—
(1) subject to reduction or offset pursuant to section 3716 or 3720A of title 31, United States Code,
(2) subject to reduction or offset pursuant to subsection (d), (e), or (f) of section 6402 of the Internal Revenue Code of 1986, or
(3) reduced or offset by other assessed Federal taxes that would otherwise be subject to levy or collection.
 

#3
skassel  
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San Mateo County, CA
That comports with what I was told yesterday by someone in DC that was in position to know.
Steve Kassel, EA
 


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