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IFERROR not working on #SPILL!

Why doesn't IFERROR work on the #SPILL! error? Is there another solution?

It's seems that Excel doesn't recognize #SPILL!, for example if I try ISERROR() it returns FALSE. I even tested =IF(A1="#SPILL!","Spill error present","") and it returned 0.
 
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In this case, because of what I'm doing, I'm ok with the SPILL error occurring when it does. It's just that I want to do error handling when I encounter it.
 
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