New Changes in Tax Refunds: How to Settle Tax Debts with Tax Bills

We are in the tax return period, which many employed citizens make it through Download form 730. This can be done independently or through a professional: in the first case, you must pay special attention because any mistake causes you to lose taxes to which you would be entitled.

When you file your tax return and thereby show the tax refund you are entitled to, the IRS processes a complete series of studies aimed at verifying that this right actually exists and the general financial situation of the taxpayer.

What happens is, above all, the presence of tax debt or pending tax, the so-called tax bills. The legislation that governs this process for the return of the amounts due, however, is changing and the Finance Agency has announced good news in this regard: here is what it contains.

If you have tax debts, you can pay them this way

There is something new about tax debt and something called tax bills. If a taxpayer finds himself in this situation and, at the same time, the 730 shows that he has a tax refund available through the tax return, then they can use a compensation method to pay your debts.

All this happens as a result of communication between the Revenue Collection Agency and the Revenue Agency: in fact, it is possible to use the tax refund to pay off your debts to pay To do this is enough the taxpayer accepts it this step and everything happens automatically. However, if the person refuses, the debt will be pending and the refund will usually be issued.

What happens if you don’t make a decision

There is also an old provision which seems to allow the payment of debts​​​​​​​​​​​​​​​​​​​​​​​​​​with repayment​​​​​​​​​​​​​​​​ automatic, without waiting for the will of the taxpayer. Today it only works that way, if the taxpayer does not respond to the compensation request within a certain time, the refund can be seized to pay a debt.