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I owe the IRS, can my rebate be applied toward my tax owed at the time of filing?

April 26, 2017applied Business Finance IRS rebate tax taxes United

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I owe the IRS, can my rebate be applied toward my tax owed at the time of filing?

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If you don’t pay your taxes in full by April 15, any rebate you receive will be used to pay your taxes, PLUS PENALTIES AND INTEREST. Here is a Q&A from the IRS: Q. I owe some money on my 2007 tax return but the amount I owe is less than my expected stimulus payment. Can I wait to pay the balance due and simply let my stimulus payment cover it? A. You should file your 2007 return and pay the entire balance due by April 15. You should not wait for your economic stimulus payment to offset the balance due. If you wait, penalties and interest will accrue between April 15 and the date the balance is paid, even if it is ultimately covered by the stimulus payment, which will not be available before May.