I did not pay enough taxes to the IRS in a previous year and am repaying what i owe through a monthly payment plan set up with the IRS where they deduct a monthly fee. I am looking into getting Solar for my house and the company says I am entitled to a tax credit from the State, and from the Federal Government. Would I get a check from the Government, or would they apply it to my backtaxes? I need to know because it will affect the amount of the loan I am taking to buy the Solar system.

It will not apply to your back taxes; however, you?d get a check for the credit from the IRS. Once you receive approval of your IP, you and the IRS are bound by the terms of the agreement, unless you fail to file your tax returns or pay taxes that arose after the IP was entered into; You miss a payment; Your financial condition changes significantly -- either for the better or worse;The IRS discovers that you provided inaccurate or incomplete information as part of the negotiation. However you need to contact the IRS to see I f there is any possible option that you can choose