Monday, June 2, 2008

Economic Stimulus

I haven't received my Economic Stimulus check yet. I owe $4200 to the IRS and we were supposed to get $1500 back. Are they going to keep this money or will I eventually get any of it?

I'm afraid the IRS will hang on to this money and any future tax refunds or stimulus checks until the balance is paid in full or the collection statute expires. Although I'm sure this is not what you wanted to hear, take heart in knowing over one third of your balance has now been paid and an Installment Agreement could get rid of this burden pretty quickly.

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