Posts tagged as:

tax rebate

Stimulus Checks Not Encouraging Consumers to Spend

16 July 2008

Despite the billions of dollars (with a b) which are suddenly floating around our economy, courtesy of the federal government in the form of a stimulus packge, June retail industry sales didn’t move much at all.
The National Retail Federation reported that retail sales last month edged up 0.2% over May. Retail sales figures do [...]

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Who Benefitted From the Economic Stimulus Plan?

30 June 2008

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 news for [...]

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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 [...]

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Ask the taxgirl: Lost Stimulus Check

20 June 2008

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 [...]

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Ask the taxgirl: Child Support

20 June 2008

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 [...]

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Ask the taxgirl: IRS Rebate Help

20 June 2008

Taxpayer asks:
Haven’t received rebate check and can find no place to contact regarding its status. IRS site is no help. Is there a phone number which will get me somewhere? Thanks.
Taxgirl says:
Call the toll-free Rebate Hotline at 1-866-234-2942. You can also visit your local Taxpayer Assistance Center.
Like any good lawyer, I need [...]

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Ask the taxgirl: Second Stimulus Check

20 June 2008

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 [...]

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Ask the taxgirl: Rebates and Missing Child Credits

20 June 2008

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 [...]

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Ask the taxgirl: Rebates and Foreign Jobs

20 June 2008

Taxpayer asks:
I am a US Citizen, living in Canada but commuting to the U.S. to work.
I filed a 1040 for 2007. I’ve read that I am eligible for the Tax Rebate, however, I have not received either notification letter. In addition, according to the last 2 digits of my SS# my check should’ve [...]

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Ask the taxgirl: 17 Year Olds and Tax Rebates

20 June 2008

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, [...]

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