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Posted by sue on May 7, 2008, 12:22 pm
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I finally got through to the IRS. I am being told I am not getting
it..period. I was told there is no change I can make now that will get
me the rebate. If I change my name with social security now I will be
ablr to get it NEXT year, if there is one. My husband doesn't get it
either. This is ridiculous.
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Posted by Phil Marti on May 7, 2008, 1:09 pm
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"sue" wrote:
>I finally got through to the IRS. I am being told I am not getting
> it..period. I was told there is no change I can make now that will get
> me the rebate. If I change my name with social security now I will be
> ablr to get it NEXT year, if there is one.
If there isn't a next year, what difference would that pittance have made?
OTOH, it sounds like you may not know that the stimulus payments now being
issued are an advance payment, based on your 2007 return, of a tax year 2008
refundable credit. That means that if you qualify for the payment and
didn't receive an advance payment in 2008, you'll get the credit when you
file your 2008 return in 2009.
The only potential mystery to me is how you got by so many years with a
Social Security name mismatch. It's probably because you always file on
paper, and since they had your W-2's they were able to let it slide.
Instead of griping about the IRS you should be thanking them for cutting you
slack in the past.
Now that you've identified the problem, get it fixed by making sure that the
name you use on your tax return matches the name you use at Social Security.
--
Phil Marti
Clarksburg, MD
--
<< ------------------------------------------------------- >>
<< 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 Harlan Lunsford on May 7, 2008, 1:29 pm
Please log in for more thread options sue wrote:
> I finally got through to the IRS. I am being told I am not getting
> it..period. I was told there is no change I can make now that will get
> me the rebate. If I change my name with social security now I will be
> ablr to get it NEXT year, if there is one. My husband doesn't get it
> either. This is ridiculous.
>
One other possibility is that y'all's income is too high for the rebate.
If it's over 150,000 on a joint return, no rebate this year, but you
will enjoy a lower tax by similar amount on year 2008 return.
Am I "on the money" now?
ChEAr$,
Harlan Lunsford, EA n LA
--
<< ------------------------------------------------------- >>
<< 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 Seth on May 7, 2008, 2:02 pm
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>One other possibility is that y'all's income is too high for the rebate.
>If it's over 150,000 on a joint return, no rebate this year, but you
>will enjoy a lower tax by similar amount on year 2008 return.
>
>Am I "on the money" now?
Will those of us with high incomes really get the credit next year?
What I've read is that we don't.
Seth
--
<< ------------------------------------------------------- >>
<< 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 Phil Marti on May 7, 2008, 3:46 pm
Please log in for more thread options "Seth" wrote:
>>One other possibility is that y'all's income is too high for the rebate.
>>If it's over 150,000 on a joint return, no rebate this year, but you
>>will enjoy a lower tax by similar amount on year 2008 return.
>>
>>Am I "on the money" now?
>
> Will those of us with high incomes really get the credit next year?
> What I've read is that we don't.
Not unless you join us paupers with lower income. The AGI phaseout applies
to both the 2008 credit and the advance payment.
There are cases in which people will qualify for the credit but not the
advance payment. I have a friend who exercised some stock options last year
that put him over the AGI limit for the advance payment, but I've already
instructed him on how to keep 2008 AGI low enough to qualify for the credit.
Other examples would be people who have a child in 2008 or divorced parents
who alternate years claiming a qualifying child's personal exemption.
--
Phil Marti
Clarksburg, MD
--
<< ------------------------------------------------------- >>
<< 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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