Tax question

BustedDownThePretext

with regard to the "economic stimulus:rolleyes:" tax rebate, i found this on the turbo tax website:

The IRS will use your rebate to pay for any outstanding debts, including back taxes, student loans, and child support, the same way it does with a regular refund.

forgive me if this sounds like a stupid question, but i'm a complete retard when it comes to taxes.

to me this reads that if i file and don't pay the $206 that i owe for 2007, they will deduct it from the $600 rebate. is that correct?

sponger

BustedDownThePretext wrote:

with regard to the "economic stimulus:rolleyes:" tax rebate, i found this on the turbo tax website:

The IRS will use your rebate to pay for any outstanding debts, including back taxes, student loans, and child support, the same way it does with a regular refund.

forgive me if this sounds like a stupid question, but i'm a complete retard when it comes to taxes.

to me this reads that if i file and don't pay the $206 that i owe for 2007, they will deduct it from the $600 rebate. is that correct?

Yes it's like when your high school holds your diploma from you until you return all of your overdue library books.