Posts tagged as:

rebates

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

23 June 2008

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 check [...]

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Tax Rebate Checks to be called “Empowerment Rebates”?

21 May 2008

Is it true that President Bush wants to call tax rebate checks “empowerment rebates”? Is it also true that President Bush wants to replace tax rebate checks with a pair of tickets to the Tony Robbins seminar, Unleash The Power Within? No, of course not. But that doesn’t keep Mark Jabo at Biz Levity from [...]

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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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TurboTax Responds to Customers Regarding Tax Rebates

17 May 2008

A reader just passed along this letter from Bob Meighan at TurboTax that several folks have apparently already received: Dear Valued Customer, We want to provide you with the most up–to–date information about the tax rebate to which you may be entitled. Recently, you may have received a letter from the IRS advising you when [...]

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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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IRS Admits “Human Error” in Processing Tax Rebates: Child Credit Omitted

15 May 2008

So, it turns out that I was wrong. But the IRS was more wrong. Way wrong. It turns out that up to 350,000 households did not receive the $300 per child owed them as part of their economic stimulus rebate payments. The IRS blames “human error” and “computer glitches.” According to the IRS, taxpayers are [...]

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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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Overwhelming Majority of Americans Cynical About Tax Rebates

12 May 2008

An overwhelming majority of Americans believe that the so-called economic stimulus plan – largely consisting of tax rebates – will not boost the economy. According to a poll conducted by CNN/Opinion Research Corp., a whopping 82% of Americans believe the stimulus package won’t work. This is up sharply from 70% of Americans who said the [...]

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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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