The latest straight from the IRS — new rules, deadlines, guidance, and announcements explained in plain English.
I have received a ton of emails asking about the status of the tax rebates, many sounding quite desperate. First of all, I have to say that the level of concern about the timing of payments is really discouraging and indicative of the severe state of our economy. Taxpayers are telling me that they need…
The first wave of rebate payments will be direct deposited today. You can check the revised payment schedule here. It will be interesting to see how the market reacts – if at all – to the anticipated buoyed spending. Of course, as President Bush has now acknowledged that most folks will spend the rebates on…
Take note: The IRS has announced that users of the Where’s My Refund? feature may experience intermittent outages on Sunday, April 27, 2008 between the hours of 1:00 a.m. – 6:00 a.m. EST.
Whew. Tax Day has come and gone. Maybe you’re waiting on a refund – not the rebate (that’s something different) – but a refund. If at least 28 days has passed since you filed, you can check with the IRS to find out the status of your refund. You can: Call the IRS Refund Hotline…
Recession? What recession? President Bush has announced that the delivery of the rebate checks will happen sooner than initially planned. The checks will be distributed beginning Monday, four days earlier than expected. Paper checks will be mailed May 9, one week earlier than expected. Here’s the breakdown. For direct deposit: (Image no longer available) For…
As it turns out, the economic stimulus plan is costing us even more money than the $100 billion being mailed out “for free” to Americans. At least $200 million more. Here’s the scoop: The letter that was mailed to you that advises that you might be eligible for a refund cost the IRS $42 million….
Apparently, the IRS is trying to relate to the current generation. No, they’re not texting you – yet. But they are on YouTube. Here, Linda Stiff (acting IRS Commish – no jokes about her name) talks about rebate checks – apparently Alan Thicke was unavailable: (Hat Tip: TaxProf blog)
The IRS has announced that there are unclaimed refunds totaling approximately $1.2 billion for folks who failed to file a federal income tax return for 2004. However, due to the statute of limitations, in order to collect the money, 2004 federal income tax returns must be filed no later than April 15, 2008. Why would…
My inbox has been filled with folks wanting to know when the IRS would begin mailing rebate checks and how the order would be determined. Well, wait no more. The IRS has released a statement explaining the order of the rebate checks. The order is as follows: (author’s note: image no longer available) Remember that…
“How much am I getting?” That seems to be a popular question as it relates to rebate checks. If you want to know in advance, you can check out the “Economic Stimulus Payment Calculator” on the IRS web site. How does it work? You must answer a series of questions on the web which the…