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taxgirl® - tax news, tax info and tax policy

June 30th, 2008

Who Benefitted From the Economic Stimulus Plan?

Who really benefitted from the economic stimulus plan?
Tax professionals for sure.
H&R Block, the nation’s largest tax preparer service, reported a banner quarter. The company prepared taxes for over 23.5 million clients - due largely to the rush for rebate checks.
This means that H&R Block posted a profit this quarter, which was good […]

By Kelly -- 4 comments

June 23rd, 2008

IRS Seeks Seniors Who Haven’t Filed: You’re Picking Up the Tab

Surprise! Having a “free check” for folks by requiring them to file when they don’t normally have to file isn’t quite as simple as you’d think.
The IRS has announced that more than 25% of eligible seniors have not filed tax returns for 2007. This means that those seniors will not receive a rebate […]

By Kelly -- 7 comments

June 20th, 2008

Ask the taxgirl: Lost Stimulus Check

Taxpayer asks:
Is there a remedy for a lost stimulus check?
Taxgirl says:
Are you sure that it’s lost? Or just not processed yet?
I would call the toll-free Rebate Hotline at 1-866-234-2942 and ask the IRS. You can also visit your local Taxpayer Assistance Center.
Like any good lawyer, I need to add a disclaimer: Unfortunately, it is […]

By Kelly -- 7 comments

June 20th, 2008

Ask the taxgirl: Child Support

Taxpayer asks:
Hi Kelly,
Is it true that is you owe back child support then you will not receive the tax stimulus?
Thanks,
Taxgirl says:
More or less.
That’s kind of a loaded question because it depends on a few factors… The IRS can withhold stimulus payments up to the amount owed for federal liabilities or state liabilities when the […]

By Kelly -- 0 comments

June 20th, 2008

Ask the taxgirl: Second Stimulus Check

Taxpayer asks:
Our first check came and went. I have heard that they are considering sending another one. Do you think that they will send a second check?
Taxgirl says:
No. I don’t think a second check is in the cards - for a lot of reasons, not the least of which is the economy.
Like […]

By Kelly -- 1 comment

June 20th, 2008

Ask the taxgirl: Rebates and Missing Child Credits

Taxpayer asks:
I am a single mom with 2 children. I only received a total of $300.00 for my stimulus check. Why? And what do I do?
Taxgirl says:
It sounds like you might be a victim of an IRS error. The IRS claims that the error has since been fixed and that they will send out […]

By Kelly -- 0 comments

June 20th, 2008

Ask the taxgirl: 17 Year Olds and Tax Rebates

Taxpayer asks:
My daughter turned 17 on Christmas Day. Can we get the extra rebate for her?
Taxgirl says:
Sorry, no. To claim the child credit for the rebate, your child must be under the age of 17 as of the end of the tax year (December 31).
But what a cool birth date!
Like any good lawyer, […]

By Kelly -- 0 comments

June 20th, 2008

Ask the taxgirl: 2007 Liabilities and Rebate Checks

Taxpayer asks:
We owed taxes for 2007 when we filed. We also had owed taxes from a few years ago. I was under the impression that the IRS would deduct the amount of taxes owed for any prior year(s) from the stimulus payment, but would not affect the 2007 taxes. We just received […]

By Kelly -- 0 comments

June 20th, 2008

Ask the taxgirl: Rebates and Ineligible Spouses

Taxpayer asks:
Good Morning Kelly, i have a question about the free goverment money that i did not received.
I have a SS, my son was born here , and my wife does not a have a SS yet… But she does have an Itin Number… I do all the taxes every year for us tree… Do […]

By Kelly -- 1 comment

June 12th, 2008

McCain v Obama on Tax: Is It Really Just the Lesser of Two Evils?

Obama and McCain continue to battle it out about the issue that most Americans seems to care about right now: the economy.
To hear each talk, it just can’t get much worse (can it?). McCain spins Obama’s tax proposal as “the biggest tax increase since World War II.” Obama compares McCain’s […]

By Kelly -- 8 comments

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