 If i filed taxes but the person who prepares didn't send them in what do i do? |
| 2007-2008 i filed taxes and i did what i was supposed to do but the person who did the filing to the i.r.s did not send last years and this years forms some irs guy showed up at my house..any advice ... |
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 If I earned less than $5 interest on my savings account should I amend my return if I forgot to report it? |
| My 1099int was online and I didn't think to look for it before I filed. Now I realize that I have less than $5 interest income that I did not include on my return. Should I amend the return, ... |
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 If i deposit $25,000 into a bank account from online gambling winnings, will it be audited by the irs? |
| i placed a $170 wager online for a team to win the championship, and the payout is $25,000 if they win it all. it might be unlikely, but if i do win will the large deposit draw the attention of the ... |
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 Will I get $300 or $600 tax rebate check? |
| i earned $8919.58 in income, over $700 taken out in federal tax. I received my tax refund check and it was about $680 so I only paid roughly $20 in taxes. Will I get $600 because over $700 was taxed ... |
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 Can an American open a bank account in Canada? |
| I'm married to a Canadian and just moved to Canada. I don't have a Canadian tax ID. But I'd like to open a Canadian checking account. Thanks.... |
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 Do I have to file jointly if I haven't changed my name with ssn.? |
| I just got married and didn't change my name. How should i file my taxes?... |
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 Can I get more in my stimulus check because I had twins in March? |
| I know the economic stimulus checks are based on 2007 tax returns, but I had twins in March which would mean $300 more per child. Is there anyway I could contact someone and get the extra money or ... |
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 15 yr old son workin 20 hrs/wk gets paid $100 wkly- no taxes withheld but soc.security- will get w2-god or bad |
| just told he will get a w2 at end of yr- only withholding is s ocial security- He will have to pay in right?? he will work 12 months out of the yr at about 20 hrs a which he nets about $100 a wk- ... |
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 What do I do, I supported my kids ALL year and their other parent claimed them on her taxes- mine rejected? |
| My ex-husband claimed his two kids on his taxes this year and the return was rejected because their biological mom claimed them first. The thing is she hasn't given even a dollar in the past 9 ... |
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 Do you understand the W-4 form well? Well help me understand how mine should be filled out. Please read detail |
Well, here is my situation. I am not married yet, but living with my g'f and our dog, Charlie.
We divide the bills, and we have no children. I do not pay child support or get food stamps ... |
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Aaron S | 2008 Economic Stimulus Payments, Are they just an early tax refund? |
Does anybody know the truth?
My brother-in-law told me that at the end of the year, if we were to get a refund for 2008, the refund amount will have the stimulas money deducted from it. This would be saying that the stimulas package is just an early 2008 refund.
He also mentioned that if we did owe for 2008 taxes at the end of the year, that we would be forgiven up to the amount of the stimulas package and still owe the difference. (If this is true, I'm going to raise my deductions.) |
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Richard M
|
The rebate will not effect your 2008 federal tax liability or refund. The law says the IRS can't recover any extra rebate payment by reducing your 2008 refund or adding to your 2008 tax bill.
The "rebate" is an advance credit against your 2008 tax return (which will be filed in 2009). However, it is calculated based on the amounts shown on your 2007 return. When you file your 2008 return, the IRS will recalculate your "rebate" based on the 2008 amounts. If this results in a larger "rebate", you will receive a check for the difference. If this results in a smaller rebate, you will not have to repay the difference.
The "rebate" will not increase or decrease any tax refund to which you are entitled. It is an additional refund. |
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v b
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The tax tables have been left unchanged for 2008.
If your hypothetical refund for 2008 is $1000, it's still $1000 after the rebate.
The problem is, the IRS had to give people a way to claim the refund in 2008 if they didn't get it early based on their 2007 return. This will be a worksheet. The worksheet will calculate the rebate using the 2008 numbers. If it's more, you get a credit. If it's less, you DON'T pay it back.
Unfortunately, most software packages have treated the rebate as a possible refund of $1600, then ask if you got a check and if you did, drop your refund to $1000 (the original amount if they'd never screwed around) and it makes people FEEL like they are paying it back. |
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kg22
 |
I originally heard the same thing your bro-in law did, read it on msn & thought the same thing about changing my deductions...until i read the fact sheet on the irs.gov site and according to them it will not be deducted from your return next year, but you will have to claim the $600 as income & pay taxes on it then, so it shouldn't effect your 2008 refund. go to the site & click on newsroom & there is an economic stimulus fact sheet that explains it. |
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Grant G
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It's not JUST that, it's a disturbing redistribution of wealth. People that don't pay ANY taxes are getting your MONEY. |
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Danny
 |
Grant has a good point.
There are people who don't have to pay any taxes because they make very little money.These same people are going to get checks from Uncle Sam.
But the people who make lots of money (who also happen to be the folks that pay the highest tax rates!) aren't going to get a check.
So why do they call it a "tax rebate"?
I thought a rebate was something you got in return for money that you already paid.
How do they justify giving tax dollars to people who don't pay taxes , and not give any money to people who pay the most?
Just another government scam!
BTW...your bro-in-law is right.Any "rebate" you get this year will cost you when you file taxes next year.That's gonna spell trouble for those of us who usually end up owing at the end of the year. |
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Cara R
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According to the irs.gov web page under frequently asked questions the stimulus payment is not taxable and does not affect your 2008 return. |
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Vannessa
 |
A tax rebate |
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big bear
|
NO THE GOVERNMENT IS GIVING IT TOO YOU FOR ALL THE YEARS THEYVE BEEN PUTTING IT UP YOUR BUTT ENJOY THE FREE MONEY |
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