Posts tagged as:

economic stimulus plan

Holding Out for a Hero – Who the Heck Qualifies?

21 May 2008

The House of Representatives unanimously passed bill H.R. 6081, the Heroes Earnings Assistance and Relief Tax (HEART) Act of 2008. The chief sponsor of the bill was Rep. Charles B. Rangel (D-NY). The revised HEART Act (previous versions of the bill have already passed the House and Senate) would allow thousands of active duty military [...]

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Made in the USA?

16 May 2008

It’s been suggested on this blog – and others – that the big “fix” to the economy would be to buy more American products. I don’t know how much of an immediate impact it would have on the economy but doing it is actually harder than it sounds. So many products – even those that [...]

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IRS Admits Thousands of More Errors in Rebate Check Processing

16 May 2008

And just when we thought the IRS had a handle on things… After admitting that 350,000 taxpayers were underpaid on their tax rebates because of an omission of the child tax credit, the IRS has another mea culpa: they’ve been misdirecting tax rebates to the wrong accounts. According to an article in Newsday, an IRS [...]

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Will Failure to Advise Taxpayers About Rebates End in a Lawsuit?

15 May 2008

I’ve received a number of emails from angry taxpayers who allege that third party preparers like H&R Block and tax software developers like Turbo Tax failed to properly advise that certain kinds of transactions (such as refund anticipation loans or paying filing fees from tax refunds) would result in a paper check versus direct deposit [...]

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Scams, Schemes and Tomfoolery: Be Careful With Your Tax Rebate!

14 May 2008

I’ve posted before that there are NO plans in Congress to distribute monthly stimulus payments or rebates or bonuses to taxpayers. Nonetheless, I continue to receive emails from concerned readers about ads touting such a plan (I’ve seen one myself). These ads are the product of private companies: this information is NOT from the IRS, [...]

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Scam Alert: Monthly Stimulus Payments

8 May 2008

There are absolutely NO plans in Congress to distribute monthly stimulus payments or rebates to any taxpayers. If you see any emails or ads that say otherwise, be advised that these are from private companies selling products or services. This information is NOT from the IRS, the Department of the Treasury or any related government [...]

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Ask the taxgirl: Why didn’t I receive all of my rebate?

8 May 2008

Taxpayer asks: Hi Kelly! I just received my tax rebate, but it was for $600 and I am a single mom so I though it would be $900. I was just wondering how I go about figuring out which amount is correct. Will I receive the $300 later for my son? You are the only [...]

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The IRS Has New Answers About Rebates

8 May 2008

The IRS has updated its website to address questions about rebates. Mostly, it’s the same old story – no real news on why payments may not be on time. But there are some concrete answers about Refund Anticipation Loans (RALs), Refund Anticipated Checks (RACs) and tax preparer issued debit cards. I’ve posted about Refund Anticipation [...]

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Ask the taxgirl: Outstanding Loans and Rebates

5 May 2008

Taxpayer asks: Heeello! I was wondering if it is true that my stimulus payment could be taken for outstanding hospital bills I have yet to pay? If so, “How will that help boost the economy?” Thanks for your time… Taxgirl says: The short answer is no. Rebates are being withheld or reduced for federal obligations [...]

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Congress Considers Second Stimulus Package

4 May 2008

As tax rebate checks are slowly (with a huge emphasis on slowly) making their way to taxpayers, Congress is considering a second round of relief. This relief would be targeted to homeowners facing foreclosure as well as increased spending on bridges, roads and transit systems. There may be renewed interest in foreclosure relief because of [...]

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