Posts tagged as:

tax rebate

Ask the taxgirl: 2007 Liabilities and Rebate Checks

20 June 2008

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 [...]

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I’m Not Going to Call It a Tax Rebate Scam…

17 June 2008

You can make up your own mind.
Here are the facts:
Today, I received an official looking letter from the “Indemnification/Disbursement Division” of “The Offices of Government Insured Loans.” This is not a federal agency – despite the fact that the company is trying very hard to look like it with their kraft brown envelopes and [...]

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Fix the Tax Code Friday: Gas Tax

23 May 2008

It’s Fix the Tax Code Friday!
There’s been lots of discussion about the gas tax over the past few months, including on this blog. Today, we paid nearly $4/gallon to fill the tank of our Subaru Forester. It totaled nearly $50. A reprieve from the federal gas tax (18.4 cents per gallon) would [...]

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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 [...]

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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 to expect your [...]

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Colbert Explains How to Spend Your Tax Rebate Check

16 May 2008

Stephen Colbert discusses his rebate check and tells you how you might spend yours… Of course, you and I both know that he didn’t really get one (he makes too much money). But he’s still funny!

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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 [...]

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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 to [...]

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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 [...]

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