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Posted by William Brenner on March 8, 2008, 6:50 am
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I just heard on the news that IRS is going to spend about $42 Million
on printing and postage to inform 130 million homes that they will
begin sending rebate checks in May.
What a wonderful country!
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Posted by Bill on March 8, 2008, 10:08 am
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wbrenner@nospamplease.net (William Brenner) posted:
>I just heard on the news that IRS is going to
>spend about $42 Million on printing and
>postage to inform 130 million homes that they
>will begin sending rebate checks in May.
>What a wonderful country!
It's actually worse than that -- according to the AP story I read, "the
notices are going out to the 130 million households who filed returns
for the _2006_ tax year ... and are "being sent to explain how the tax
rebates will work."
Finally, the story says, "the letters will be a reminder that people
need to file a 2007 tax return so they will receive the rebate _if they
are eligible for it_."
[Note emphasis added by me.]
We're already being driven crazy, at the AARP TaxAide site where I work,
by the hordes of people who've been reading the extensive publicity
campaign regarding the "stimulus package." Guess this means we'll be
jammed during our last two weeks -- when we usually finish up with those
who have the most difficult, complex returns and have awaited K-1s or
just delayed filing because they owe a lot.
Someone in the TaxAide hierarchy said the IRS is floating the idea that
we might remain open longer, with the tax-filing season being extended.
Gee, it's easy to offer extra service when it's being provided by
_volunteers_.
(Wonder if all "volunteers" will agree to extend their tour of duty.
Seems to me I remember vowing about 50 years ago, that I'd never again
volunteer for _anything_! Yet, here I am. ;-)
Bill
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<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
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Posted by Rick Blaine on March 8, 2008, 12:58 pm
Please log in for more thread options an_ordinary_guy_158@hotmail.com (Bill) wrote:
>>I just heard on the news that IRS is going to
>>spend about $42 Million on printing and
>>postage to inform 130 million homes that they
>>will begin sending rebate checks in May.
>>What a wonderful country!
>
>It's actually worse than that -- according to the AP story I read, "the
>notices are going out to the 130 million households who filed returns
>for the _2006_ tax year ... and are "being sent to explain how the tax
>rebates will work."
>
>Finally, the story says, "the letters will be a reminder that people
>need to file a 2007 tax return so they will receive the rebate _if they
>are eligible for it_."
>[Note emphasis added by me.]
The IRS doesn't do anything without Congressional direction. It wouldn't
surprise me in the least to find a little clause in the authorization
legislation that requires the IRS to "perform all necessary steps to educate the
taxpayer regarding eligibility for stimulus rebate" or some such claptrap.
--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>
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Posted by Paul Thomas, CPA on March 8, 2008, 10:15 am
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>I just heard on the news that IRS is going to spend about $42 Million
> on printing and postage to inform 130 million homes that they will
> begin sending rebate checks in May.
And the economic stimulus is being felt by the supplier of envelopes, paper
and check stock, and pringing ink.
> What a wonderful country!
Ain't it though. I heard somewhere that they set aside $300 million for
administrative costs for this program.
Remember that the national sales tax imitative has these things (rebate
checks) being sent out monthly. One should be wondering if we can afford
such a change.
--
Paul A. Thomas, CPA
Athens, Georgia
--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>
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Posted by Alan on March 8, 2008, 12:39 pm
Please log in for more thread options Paul Thomas, CPA wrote:
>
>
> Ain't it though. I heard somewhere that they set aside $300 million for
> administrative costs for this program.
>
>
Your close... it's $297,310,000.
Congress, in its infinite wisdom actually appropriated the money
in the tax act.
(1) IN GENERAL- Immediately upon the enactment of
this Act, the following sums are appropriated, out of any money
in the Treasury not otherwise appropriated, for the fiscal year
ending September 30, 2008:
(A) DEPARTMENT OF THE TREASURY-
(i) For an additional amount for
`Department of the Treasury--Financial Management
Service--Salaries and Expenses', $64,175,000, to remain available
until September 30, 2009.
(ii) For an additional amount for
`Department of the Treasury--Internal Revenue Service--Taxpayer
Services', $50,720,000, to remain available until September 30, 2009.
(iii) For an additional amount for
`Department of the Treasury--Internal Revenue Service--Operations
Support', $151,415,000, to remain available until September 30, 2009.
(B) SOCIAL SECURITY ADMINISTRATION- For an
additional amount for `Social Security Administration--Limitation
on Administrative Expenses', $31,000,000, to remain available
until September 30, 2008.
--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>
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