The IRS will eventually discover their error and will come collecting. The IRS will send out a letter explaining the situation and asking that you pay back the amount of excess refund. If you have already spent the excess, you are still required to pay. Call the IRS immediately to fix the problem. The IRS will collect on the money owed as they would back taxes.
300 billion
No. The IRS doesn't do that. It is up to you to collect.
They determine, asses, and collect internal revenues in the US.
10,000$, Then it must be reported to the IRS, and only if in cash.
The most recent complete IRS budget, up 6% from last year is $11.4 Billion. To collect over $3 trillion. Divide 11,400,000,000 by 3,000,000,000,000...it's basically in the rounding of the .4 with that 11B
Keep in mind that the IRS reports their statistics based upon the Federal Fiscal Year, which runs from October 1 - September 30. For FY2006 (October 1, 2005 - September 30, 2006) the IRS collected $2,518,680,230,000 (2.5 Trillion-ish)
The IRS will eventually discover their error and will come collecting. The IRS will send out a letter explaining the situation and asking that you pay back the amount of excess refund. If you have already spent the excess, you are still required to pay. Call the IRS immediately to fix the problem. The IRS will collect on the money owed as they would back taxes.
Typically, the Internal Revenue Service doesn't collect your refund if you owe them money. They will keep your federal refund.
Only the IRS knows for sure.
300 billion
No. The IRS doesn't do that. It is up to you to collect.
ask the IRS
They determine, asses, and collect internal revenues in the US.
10,000$, Then it must be reported to the IRS, and only if in cash.
Debts to the IRS are confidential; the IRS cannot disclose the debt unless they bring a civil suit to get the money.
collect taxes from the poor