IRS Refund Status 2007
March 30th, 2006Question: Tax refund delayed due to owed taxes?
I am currently making payments for federal taxes owed for the 2005 year. I recently did my 2006 taxes, and I am getting a good refund. I noticed that when you check the status of the return on the IRS site, it says, “We have received your tax return and it is being processed. Unless we find mistakes or you owe other taxes, you should receive your refund by February 27, 2007.”
My refund is going to be larger than the amount I owe. So, my first question is, will they just deduct what I owe from my refund? And second, since I owe, will it actually delay me getting my refund deposited?
Answer: Yes and yes.
Marriage status affects taxes
When you file a federal tax return, you must choose a filing status, which determines your standard deduction, the amount of tax you owe and any refund.
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