FREQUENTLY ASKED QUESTIONS (FAQS) continued
Q. Can a person receive a tax refund if they are currently in a payment plan for prior year’s federal taxes?
A. Condition of your agreement, any refund due you in a future year will be applied against the amount you owe.
- Continue making your installment agreement payments as schedule because your refund is not considered as a substitute for your regular payment due.
- You may not get all of your refund if you owe certain past-due amounts, such as federal tax, state tax, a student loan, or child support.
- IRS will automatically apply the refund to the taxes owed.
Additional information:
• Form 9465 (PDF), Installment Agreement Request
Q. What is a split refund?
A. A split refund lets you divide your refund, in any proportion you want, and direct deposit the funds in up to three different accounts with U.S. financial institutions.
Additional information:
• Form 8888 (PDF), Direct Deposit of Refund to More Than One Account.
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