To help stimulate the economy to create new businesses, new jobs, and new clients, Intuit is offering ten “Stimulus Grants” to help accounting and tax professionals start new firms and to help existing firms to expand their practices.
As part of Intuit’s “Power to Get More Done” campaign to support accounting
and tax professionals, Intuit will be awarding grants of $10,000 — plus $10,000 in products and services — to ten deserving firms from May through July 2009. For rules and more information, check out their site.
Taxpayer asks:
Punched in all the numbers in TurboTax for my 2008 taxes. The first thing It asked was how much my 2008 Economic Stimulus rebate check was ($2100). Surprise, surprise, it reduced my 2008 refund by $2100. According to the IRS web site the rebate should not effect by 2008 refund plus or minus. Is this right?
Taxgirl says:
Your rebate check from last year should not result in a reduction in your tax refund. (It could, however, result in a bigger “refund” check or a reduction in federal tax owed if you have not yet received your full rebate check from last year, though only about 3% of taxpayers are affected).
I haven’t seen a version of TurboTax for this year, so I can’t comment on the specifics. However, the good folks at Intuit are in the know about the rebate, and have made accommodation in the software. If there’s a problem not related to your actual rebate check from last year or your eligibility, it may be a skipped line entry or some other confusion. I’d recommend contacting Intuit and having them take a peek. Their contact page indicates that you can call, email or chat online to get answers.
Good luck!
Like any good lawyer, I need to add a disclaimer: Unfortunately, it is impossible to give comprehensive tax advice over the internet, no matter how well researched or written. Before relying on any information given on this site, contact a tax professional to discuss your particular situation.
Have a question? Ask the taxgirl! – Now on Facebook!
It’s the Third Annual “Tax Filing Horror Contest” at taxgirl.com!
Have a horrible tax filing story? Car break down blocks from the post office? Ran out of paper in the printer? Dog ate your return?
Tell me your worst tax filing story – or simply complain about the thing you hate most about filing taxes – and win some great stuff.
Here are the rules:
- Post your tax filing horror story in the comments below. It can be as long or as short as you want. Please don’t include any personally identifying information that you don’t want made public (your AGI, address, etc.).
- Enter as many times as you like – but you must post a different story or comment each time. Linkbacks, while appreciated, don’t count.
- My normal comment policy applies (you can read it here). I have standards, you know.
- You must leave a valid email address (it will not be made public) so that I can contact you if you are a winner.
- Deadline is February 28, 2009, 11:59 pm EST.
We don’t judge here. Okay, I usually do. But I won’t this time. Instead, I will randomly select the winner from all of the qualified entries. TEN lucky winners will walk away with free software from Intuit. Intuit has donated ten versions of TurboTax Deluxe (online version) for giveaways. The cards include a pre-paid access code that will allow one federal and one state preparation and e-file of TurboTax Deluxe online.
Depending on the number of entrants, I might throw in some cool taxgirl merch, too.
In this economy, you don’t get much for free anymore. So what are you waiting for? Share your story – the worst thing that ever happened to you while filing your taxes – or the thing you hate most about filing taxes – and win big.
