IRS

What Do I Have To Do To Get My $600 Tax Credit?

What Do I Have To Do To Get My $600 Tax Credit?

By consumerist.com 2.13.08

Eric writes:

You’ve had a lot of press about the stimulus plan that’s about to send some cash my way. There’s been coverage all over the place, and everyone misses the most important part. What, EXACTLY, do I have to do to get this credit? I know I qualify. Do I have to send in an extra form? Is there a box I check? Am I supposed to expect the gov’t to actually do something right and take care of it themselves?

Yes. This is (probably) the easiest $600 you will ever made. Just file your taxes, sit back, and wait for the hot government scrizzle to come pouring into your mailbox.

Stimulus Checks Will Not Cut Into Your Rebate

Stimulus Checks Will Not Cut Into Your Rebate

By consumerist.com 2.13.08

False reports have circulated that the stimulus checks are an advance on your tax rebate and were going to cut into your tax rebate. That’s not the whole story. Yes, it’s an advance, but it’s an advance on an additional credit Congress passed for your 2008 earned income. It’s too late to do that for 2007, seeing as it’s already over. “So the government is making me borrow from myself?!?!?” No. Congress is giving your 2009 self a $600 credit, and is sending that $600 back in time by one year.

$600 Rebates Are A Tax Credit Advance

$600 Rebates Are A Tax Credit Advance

By consumeristcarey 2.9.08

UPDATE: Stimulus Checks Will Not Cut Into Your Rebate

Collection Agencies Sending Out 1099-C Forms For Zombie Debts?

Collection Agencies Sending Out 1099-C Forms For Zombie Debts?

By cwalters 2.8.08

It seems that some bottom-feeding debt collection companies—the ones who buy old debts that are frequently beyond the point where you can be sued for collection (what the FTC calls “time-barred debts”)—purchase old debts, mark them up with incredibly high penalties and fees, then “forgive” them and write them off as tax losses and send the debtors 1099-C forms—which means you have to pay taxes on the forgiven amount. If this happens to you, here are a few things you should consider first.

Who's Afraid of Taxes? Not You!

Who's Afraid of Taxes? Not You!

By consumerist.com 2.8.08

All across America people are collecting forms, sorting receipts, and assembling documents — all in an effort to deal with the dreaded tax man. For many, the whole prospect of filing taxes is a frightening experience, but it doesn’t have to be that way. Yahoo Finance lists seven common tax terrors and how you can deal with each of them. Their list includes:

By 2.7.08

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¿Dónde está mi reembolso? We don’t speak Spanish, but maybe you do. The IRS’ popular “Where is my refund?” feature is now available in en Español. [IRS]

By consumerist.com 2.4.08

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Scammers are calling up people and pretending to be from the government and here to help with getting you your tax rebate. All you have to do is give them your bank account information. [9news]

What To Do If You're Missing Your W2

What To Do If You're Missing Your W2

By 2.1.08

It’s February 1st and you don’t have your W2? Fear not. Tax Cat will help.

IRS Warns Consumers Not To Fall For Rebate Scams

IRS Warns Consumers Not To Fall For Rebate Scams

By 1.31.08

The IRS would like you to know that its not planning on emailing you about your tax rebate. “The IRS does not send unsolicited e-mail about tax account matters to individual, business, tax-exempt or other taxpayers,” the agency warned yesterday.

2007 Federal Tax Law Changes

2007 Federal Tax Law Changes

By consumerist.com 1.30.08

Every year, as way to make itself feel important and useful, the federal government makes modifications to the tax code. Here’s a detailed breakdown of all the changes for 2007 and how they affect your wallet, from AMT exemption amounts, to deductions for business-related mileage.

6 Tax Credits That You Shouldn't Overlook

6 Tax Credits That You Shouldn't Overlook

By 1.30.08

Here are 6 tax credits that can help you with the cost of education, child care, and improving your home.

By consumerist.com 1.29.08

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The IRS ain’t so evil, they sponsor free tax prep help program to give you assistance with your taxes. [IRS]

Poll Results: How Will You Spend Your Tax Rebates?

Poll Results: How Will You Spend Your Tax Rebates?

By consumerist.com 1.28.08

Last Thursday we polled our readers for what they plan on doing with their money when they get their tax rebate checks. The result is that Consumerist readers mainly plan on using their money in precisely the opposite way that the politicians want them to, paying off debt (46.3%) and saving it in the bank (30%). All the other options combined, which would have a supposedly more directly stimulating effect on the economy, add up to only 23.8%. Food came in at 1.5%, depreciating assets 8.2%, discretionary spending 4.5% and stimulating the critical beer and cigarette industries 9.6%. It seems our readers are more concerned about their personal finances than the national economy. Good. Maybe if more people were like them we wouldn’t be in this mess in the first place.

Senate To Scuttle Timely Economic Stimulus Plan

Senate To Scuttle Timely Economic Stimulus Plan

By consumeristcarey 1.26.08

Smarting from its continued failure to check the expansive growth of the unitary executive, the Senate has decided to assert itself by derailing an agreed upon economic stimulus plan. Senate leaders are now insisting that the stimulus plan contain an extra $25 billion to fund road work, tax cuts, and extend unemployment insurance.

By consumerist.com 1.24.08

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The first tax rebate checks will be sent out in May and just about everyone should have them by July. [AP]

Economic Stimulus Plan Passes

Economic Stimulus Plan Passes

By consumerist.com 1.24.08

Accord was reached and the economic stimulus plan has passed. Here’s a brass tacks breakdown:

Tentative Economic Stimulus Deal Reached

By consumerist.com 1.24.08

The Administration and Congress have negotiated the outline of how the proposed economic stimulus plan will play out. Here’s how much in rebates you could be getting back, depending on your situation:

Get Tax Advice Over The Phone With FreeTaxQuestion.com

Get Tax Advice Over The Phone With FreeTaxQuestion.com

By consumerist.com 1.23.08

If you’re uncertain about something on your taxes, you can get free tax advice over the phone until Jan. 31, thanks to a special TurboTax promotion at FreeTaxQuestion.com. Just enter your question and name, phone, email, and best time to reach you, and an IRS enrolled tax pro will call you and help you out. If you’re worried that this is just a lead generation ploy, use a disposable email address and disposable phone number. The FiLife blog tried it and had to submit their question twice, but they got it answered and answered good. They said that TurboTax was casually mentioned among the array of options one could use to finish filing, but there was otherwise no overt product pushing.

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