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Can refunds from unfiled tax returns cover old IRS debt before a levy? In this video, I respond to a viewer who owes about $20,000 for 2018 and 2019 and expects refunds from their 2023–2025 returns.
I explain why the exact IRS notice matters, how to ask for a collection hold, why filing promptly is important, and what to consider if you received an LT11 or CP90. We also cover checking the current balance with penalties and interest and reviewing each tax year separately.
CHAPTERS
0:00 $20,000 owed and refunds from unfiled returns
0:51 Identify the IRS levy notice
1:42 Asking the IRS for a collection hold
2:18 Filing the returns and refund deadlines
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