IRS To Send Rebate Reminders To Taxpayers
Letters Make Sure Eligible Rebate Recipients Know That They Must File A Return
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(CBS)
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Interactive U.S. Taxes Find out more about where your dollars go, and take a quiz on filing with the IRS.
The letters are part of an effort to ensure people do not miss out if they are eligible for a tax rebate check under the recently passed $168 billion economic aide plan.
The IRS is reminding people to file a 2007 tax return so they will receive the payment.
Treasury Secretary Henry Paulson said his department and the IRS would work hard to get the word out. "For the majority of Americans, all they will need to do is file a tax return," Paulson said in a statement.
He said the IRS would work with the Veterans Affairs Department, the Social Security Administration and private groups such as AARP to "reach those who do not normally file a return and ensure they know how to get their stimulus payment this year."
The letters carry the headline "Economic Stimulus Payment Notice" and begin "Dear Taxpayer." They say the IRS is pleased to inform the recipient that Congress passed and President Bush signed into law a plan that will provide payments to more than 130 million households.
Sen. Charles Schumer, D-N.Y., said the IRS should focus "its time, energy and money" figuring out how to speed up the mailing of the checks. They are scheduled to go out starting in May.
The mailing that people will get next week tells them they may qualify for a one-time payment of up to $600 for individuals or $1,200 for a married couple filing jointly; there are additional payments of $300 for each qualifying child younger than 17.
"The IRS will figure eligibility, figure the amount and send the payment," the letter says. "This payment should not be confused with any 2007 income tax refund that is owed to you by the federal government."
The 2007 refunds will be made separately from the upcoming payments, the IRS says.
The IRS notices do not seek any financial information and will go to people who filed a tax return last year.
A separate mailing planned by the IRS for late March will go to certain recipients of Social Security and VA benefits. These benefits are generally nontaxable and recipients do not file tax returns.
In order to get a payment, people in this group will need to file a tax return if they received at least $3,000 from a combination of certain Social Security benefits, veterans benefits and earned income. The minimum payment for this group will be $300 for an individual and $600 for a couple filing jointly.
The IRS has created a sample Form 1040A with information on how to fill out the lines necessary to enable eligible people who do not normally file a tax return to receive the stimulus payment. Details on eligibility, payment amounts and requirements can be found at www.irs.gov which is the agency's Web site.
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- "And in 2008, the International Council of Shopping Centers projects 6,000 stores could close as Americans decide what they can live without."
Don''''t worry retail stores!!!! Bush and the idiots (sounds like a band but it really is the name of the stupid Bushmeister and the idiotic, azz kissing Congress) are putting together a stimulus package to save you. It goes like this:
1. They borrow 161 billion dollars and give it to the low to mid income American taxpayers.
2. They beg the tax payer to forgo bills/debt and just go out and spend it all at your stores.
3. They have their fingers crossed that people are too ignorant or irresponsible to use the rebate for a bill and actually go out and buy a few things.
4. After each of them spends maybe 25.00 apiece at your store--you are stupid enough to see it as an incentive--and you go out and build new stores and hire lots of new workers to capitalize on the money that ...uhmmm...they no longer have...cuz they already...uhmmmm..spent it at your store.
5. Anyhoo. The plan is for all sides to ignore the dominoes falling and to plant yet another set at the end of the stack. Bush and the idiots only need this to work until Jan 29. 2009 after which (as far as Dubya is concerned) the economy can let ''''er rip. - Reply to this comment
- Finally, something the IRS will do that will benefit all of us. And be careful with that message all in CAPS. Sounds like a scam! Certainly SPAM like another posting mentioned.
- Reply to this comment
- Hello Tax Payers
Finally a little refund on all the money being bilked
billked? bilked
out of my check by FICA
figure it out
FICA now takes out more money than
the Federal Taxes.
Finally a little bit of the FICA comes back this
year
instead of wasted on countless millions of Illegals.
Sincerely give me my FICA money Back Bear
Fuzzy - Reply to this comment
- The IRS will be sending "reminders" telling taxpayers that in order to get a rebate check, they must file their taxe returns for 2007.
Naturally, the IRS is not in a hurry to get your tax money, its just that, THEY ARE IN A HURRY TO GET YOUR TAX MONEY!!! Otherwise, how could they give you your rebate if you don''t send them money first!
AND REMEMBER, the rebate money you get today will be considered FULLY TAXABLE INCOME by the IRS for 2008, requiring you to declare the same on your 1040 in 2008, or else!
Therefore, begin making quaterly payments to the IRS NOW, so you won''t get hit with a tax bill, interest, and penalties when you file in 2009 (if the USSA isn''t bankrupt by them)!!! Remember, the Great Emperor Bush II will be watching you, even if Congress hasn''t approved FISA yet!!!!
SIG HEIL, BUSH!!!!
sig heil, McCain???? - Reply to this comment
- Helloooooooooooooooo!?
This is your reminder, that this is NOT a rebate!~ its an advance on your 2008 tax year return you''ll file in 2009. So if you normally dont get anything back, next year you are SOL!
Think about it and plan! - Reply to this comment
- Maybe not a scam but certainly a SPAM. Get out.
- Reply to this comment
- Where''s my check?
Gimme my check!
I want my check!
Ain''t my money! - Reply to this comment
- I have been trying to understand how the IRS and the government figures the age for dependents. I lost the EIC on my 2006 return because my son turned 17 in December of that year. He was a junior in high school and living at home. How can that not be considered a dependent? This year we don''t get the "incentive" refund because he''s not under 17, although he''s now a senior in high school and still a dependent living at home. What''s up with that? Are we supposed to kick our children out when they turn 17 now so that we don''t have to continue spending money on them? I bet you a dollar to a doughnut that our fat, wealthy congressman and women find a way to claim their children over 17 and get their EIC at the same time.
- Reply to this comment
- Every year I get a state rebate and I have to claim it on the federal return the next year. I bet the state will take it''''s cut of the federal return next year in the very least.
GW.... if you are going to give people the money, just give it all ready!!! They are waiting for the tax season 1. because they probably don''''t have the money to give back yet and need the taxes they collect to give this tax break back, and 2) they are hoping the raises some Americans get this year will put them over the tax cut off and they won''''t have to refund them money they paid last year.
We see what''''s going on.
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Posted by ibzjem at 10:39 AM : Feb 29, 2008
Thanks for pointing out that legally, taxes are due (in the next filing year) when you receive a rebate for the right-wing nuts posting here who obviously have not reported such income...freakin'' Bushbot Reaganite idiots! - Reply to this comment
- Every year I get a state rebate and I have to claim it on the federal return the next year. I bet the state will take it''s cut of the federal return next year in the very least.
GW.... if you are going to give people the money, just give it all ready!!! They are waiting for the tax season 1. because they probably don''t have the money to give back yet and need the taxes they collect to give this tax break back, and 2) they are hoping the raises some Americans get this year will put them over the tax cut off and they won''t have to refund them money they paid last year.
We see what''s going on. - Reply to this comment



