Wednesday, September 17, 2008

ECOMOMIC STIMULUS PACKAGE

Hi all,
As Wall Streets most venerable houses circle the drain and obligation for Billions of dollars in bad loans are shifted onto the backs of the Taxpayer; it occurs to me to remind those who may have missed the boat, to "belly up" for your share of the great giveaway.
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Following is an advisory on the Stimulus Rebate:
Dave Israel
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In March, more than 130 million American households received letters from the IRS, which was giving them general information about economic stimulus payments.
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The letters also advised Americans that to receive a 2008 stimulus payment, they had to file a 2007 tax return. (EVEN IF YOU OWE NO TAX)
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As of June, the IRS has identified 5.2 million retirees and veterans' beneficiaries who potentially are eligible for the stimulus payments.
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Later this summer, the agency will send them a special letter that explains stimulus payment eligibility and how to claim it. The letter will include a sample tax form and an actual tax form that people can complete and mail to the IRS. This will be the second special mailing to reach the older taxpayers.
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The IRS says that about 74 percent of this group are accounted for among the stimulus payments it is currently sending.
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The IRS has issued 76.1 million payments, worth $63.8 billion, based on 2007 tax returns processed to date. The agency expects to issue 124 million payments to Americans by year’s end. Eligible individuals are receiving up to $600 ($1,200 for married couples filing joint returns) plus $300 for eligible children younger than 17.
You have until Oct. 15, 2008 to apply for an economic stimulus payment.

Taxpayers who have already filed using a 1040 Form to comply with the April 15 filing deadline do not need to do anything more to receive their one-time economic stimulus payments.
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People who do not need to file a tax return, but received at least $3,000 from Social Security benefits, veterans benefits, certain railroad retirement benefits and/or earned income in 2007, must submit a simplified version of a 1040A tax form to the IRS in order to receive a stimulus payment.
The minimum payment for this group will be $300 for an individual and $600 for a couple filing jointly.
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The IRS Web site has an online calculator to help estimate your payment.Income tax refunds will be made separately from the stimulus payments.
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All communications will come from the IRS in writing. Avoid providing information to organizations or people who communicate in other ways.
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The IRS will never call or e-mail asking for your Social Security number or bank account information.
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The economic stimulus payment will be issued based on the last two digits of your Social Security number and whether you are receiving the payment by direct deposit or mail.
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The IRS will never send a letter or e-mail asking for a response by phone or e-mail. IRS agents will not ask to come to a person's home for the purpose of an economic stimulus payment.
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Never pay anyone or go through a third-party intermediary to apply for or speed up the payment process.
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Always contact the IRS directly with any questions. To do that, you can call toll free, 800-829-1040 or go to the agency’s Web site,
www.irs.gov.

2 comments:

Anonymous said...

McCain will send everybody a check for $1000 to pay for gas and food. Sarah is going to provide abstinence education to all the old folk in CV.

Anonymous said...

China will double dip how you might as ask, we are bascilly BROKE
if they keep up this ploy of giving us money to stimulate the economy we borrow from (1) of many,
we borrow from them (china) we go any where and most goods are made there, they have it the best of both worlds but if we bottom out
they are also very much in trouble along with all the american (greedy) business who ship from there, I hate to say it but I hope those turncoats start to feel it !!!(only if we unite and buy AMERICAN ONLY just to begin with (1) straight month????????????????
This goverment should begin selling bonds call them " american
spirit bonds" and ask all to buy.