May
27
You're expecting a stimulus payment check from the IRS. You filed a joint tax return for 2007. However, you're now divorced and the check is in both of your names. What do you do?
Well, like most checks that are made out to two people, most places (banks, etc) will require both signatures [...]
May
23
The IRS Stimulus Payment program is a real mess. Many people haven't received their payments. Some haven't received the amount they were supposed to get according to the IRS web site. Some people have questions relating to child support or other debts owed to the government. Many people are searching the [...]
May
13
TurboTax VP Answering Your Stimulus Payment Questions
May 13, 2008 | 25 Comments
It's not often a company actively answers questions, especially on a web site they don't manage. That's why I was a little surprised to see comments on this site from Bob Meighan, a Vice President at Intuit, the company that makes TurboTax. TurboTax has taken a lot of heat from people upset over [...]
May
9
More frequently asked questions regarding the Economic Stimulus Payment (Rebate): What if my spouse owes money? What will happen to our stimulus payment? Will the IRS keep it all even though part of that money is for me and my children?
The IRS Will Keep Your Money
The IRS can keep your stimulus money [...]
May
8
Is the Economic Stimulus Payment Taxable Income?
May 8, 2008 | 12 Comments
Is the economic stimulus payment (rebate) considered taxable income? A few readers have asked that question so I figured I'd address it.
Economic Stimulus Payment is NOT Taxable Income
The simple answer is that the economic stimulus payment (rebate) is not considered taxable income by the IRS. So you won't have to count the stimulus [...]
May
3
IRS Economic Stimulus Payment Article Index
May 3, 2008 | 9 Comments
There is a lot of confusion and no shortage of questions about the IRS economic stimulus payment. I'm try to keep up with the questions but it's become a full time job. This article is an index of the important links related to the stimulus payment.
Too Many Questions
At first I tried to answer [...]
May
1
How do you define fiasco? One definition might be the Economic Stimulus Payment from the IRS and the H&R Block Emerald Card. Those taxpayers who've filed with H&R Block and opted to get their tax refund through the H&R Block Emerald Cards are scratching their heads. Will they get their stimulus check [...]
Apr
30
Economic Stimulus Payment – Child Support Questions
April 30, 2008 | 307 Comments
Many questions about the Economic Stimulus Payment keep coming up. Some of the most common involve child support. The questions fall into two categories: owing and receiving child support.
If You or Your Spouse Owes Child Support
The IRS will withhold your payment up to the full amount, if you owe back child support. [...]
Apr
30
TurboTax Direct Deposit Stimulus Payment Questions
April 30, 2008 | 288 Comments
Due to the large number of questions regarding direct deposit tax refunds, the economic stimulus payment and TurboTax, I've written another article dedicated to TurboTax questions.
What is TurboTax?
Many people file their taxes with TurboTax. I've always used TaxCut by H&R Block but I'm sure the services are very similar. TurboTax is software that [...]
Apr
16
File Your Taxes Online For Free
April 16, 2008 | 3 Comments
You may qualify to file your taxes online for free. As long as your income doesn’t exceed the limit you can file your taxes online without a fee or charges of any kind. This is especially useful for people that are only filing their taxes to get the stimulus payment.
If your adjusted gross [...]