Comments for Tax Refunds Guide! http://www.taxrefundsinfo.com Here's essential information on tax refunds. We have the best resources for tax refunds. Thu, 07 Apr 2011 21:30:19 +0000 hourly 1 http://wordpress.org/?v=3.3.1 Comment on about bush and his stimulus my girlfriend and I were sitting here estimating our tax refund ? | Estimating Tax Refund by Serenity's Mommy http://www.taxrefundsinfo.com/about-bush-and-his-stimulus-my-girlfriend-and-i-were-sitting-here-estimating-our-tax-refund-estimating-tax-refund.html#comment-1585 Serenity's Mommy Thu, 07 Apr 2011 21:30:19 +0000 http://www.taxrefundsinfo.com/about-bush-and-his-stimulus-my-girlfriend-and-i-were-sitting-here-estimating-our-tax-refund-estimating-tax-refund.html#comment-1585 you are not paying back the stimulus. What they are doing is recalculating your stimulus. If you would have qualified for more based on your taxes this year, they will give you the difference. If you don't qualify for more and you got the right amount last year, they take it back out of taxes so they don't over pay you. Do not lie about how much you got in the stimulus, because they have a record showing how much you got already, and the IRS does not like when you try to fool them. you are not paying back the stimulus.

What they are doing is recalculating your stimulus.

If you would have qualified for more based on your taxes this year, they will give you the difference. If you don’t qualify for more and you got the right amount last year, they take it back out of taxes so they don’t over pay you.

Do not lie about how much you got in the stimulus, because they have a record showing how much you got already, and the IRS does not like when you try to fool them.

]]> Comment on about bush and his stimulus my girlfriend and I were sitting here estimating our tax refund ? | Estimating Tax Refund by Jenny http://www.taxrefundsinfo.com/about-bush-and-his-stimulus-my-girlfriend-and-i-were-sitting-here-estimating-our-tax-refund-estimating-tax-refund.html#comment-1584 Jenny Thu, 07 Apr 2011 21:29:39 +0000 http://www.taxrefundsinfo.com/about-bush-and-his-stimulus-my-girlfriend-and-i-were-sitting-here-estimating-our-tax-refund-estimating-tax-refund.html#comment-1584 Here's a Q & A page about the recovery rebate credit. http://irs.gov/newsroom/article/0,,id=201641,00.html The stimulus payment you recieved last year should not affect your tax return. The tax return software does ask how much your rebate was, but that is to determine if you are entitled to more of a rebate. Most won't be, unless they had a new child in 2008 to claim or were no longer claimed as a dependent. But you do not have to repay an overpayment Here’s a Q & A page about the recovery rebate credit.
http://irs.gov/newsroom/article/0,,id=201641,00.html
The stimulus payment you recieved last year should not affect your tax return. The tax return software does ask how much your rebate was, but that is to determine if you are entitled to more of a rebate. Most won’t be, unless they had a new child in 2008 to claim or were no longer claimed as a dependent. But you do not have to repay an overpayment

]]> Comment on about bush and his stimulus my girlfriend and I were sitting here estimating our tax refund ? | Estimating Tax Refund by Gatsbi007 http://www.taxrefundsinfo.com/about-bush-and-his-stimulus-my-girlfriend-and-i-were-sitting-here-estimating-our-tax-refund-estimating-tax-refund.html#comment-1583 Gatsbi007 Thu, 07 Apr 2011 21:10:24 +0000 http://www.taxrefundsinfo.com/about-bush-and-his-stimulus-my-girlfriend-and-i-were-sitting-here-estimating-our-tax-refund-estimating-tax-refund.html#comment-1583 And if you try to lie the IRS will catch it and just reject your return. And if you try to lie the IRS will catch it and just reject your return.

]]> Comment on about bush and his stimulus my girlfriend and I were sitting here estimating our tax refund ? | Estimating Tax Refund by suzwiz3 http://www.taxrefundsinfo.com/about-bush-and-his-stimulus-my-girlfriend-and-i-were-sitting-here-estimating-our-tax-refund-estimating-tax-refund.html#comment-1582 suzwiz3 Thu, 07 Apr 2011 20:41:11 +0000 http://www.taxrefundsinfo.com/about-bush-and-his-stimulus-my-girlfriend-and-i-were-sitting-here-estimating-our-tax-refund-estimating-tax-refund.html#comment-1582 The stimulus comes from your taxes. If you got a stimulus check, then you will get that much less back from your taxes. You never get anything for free. The stimulus comes from your taxes. If you got a stimulus check, then you will get that much less back from your taxes. You never get anything for free.

]]> Comment on about bush and his stimulus my girlfriend and I were sitting here estimating our tax refund ? | Estimating Tax Refund by firedraven http://www.taxrefundsinfo.com/about-bush-and-his-stimulus-my-girlfriend-and-i-were-sitting-here-estimating-our-tax-refund-estimating-tax-refund.html#comment-1581 firedraven Thu, 07 Apr 2011 19:59:01 +0000 http://www.taxrefundsinfo.com/about-bush-and-his-stimulus-my-girlfriend-and-i-were-sitting-here-estimating-our-tax-refund-estimating-tax-refund.html#comment-1581 She's not paying it back - she's just not getting it twice. Despite the huge media blitz done in 2008 to encourage families to file tax returns for their stimulus package etc etc the government understands that some persons may have been missed. As a result, this year they are giving an additional credit to those persons who didn't receive a credit last year but qualify. If you girlfriend fails to admit that she got a stimulus payment last year she will be receiving double the payment and may end up barring herself from future stimulus packages (and they are expected in 2009 with the new administration) for several years. This is very similar to the way people who claim the EIC when they don't qualify are barred from collecting later. You should encourage her to include this payment in her 2008 taxes to ensure she receives any future payments. She’s not paying it back – she’s just not getting it twice. Despite the huge media blitz done in 2008 to encourage families to file tax returns for their stimulus package etc etc the government understands that some persons may have been missed. As a result, this year they are giving an additional credit to those persons who didn’t receive a credit last year but qualify.

If you girlfriend fails to admit that she got a stimulus payment last year she will be receiving double the payment and may end up barring herself from future stimulus packages (and they are expected in 2009 with the new administration) for several years. This is very similar to the way people who claim the EIC when they don’t qualify are barred from collecting later. You should encourage her to include this payment in her 2008 taxes to ensure she receives any future payments.

]]> Comment on about bush and his stimulus my girlfriend and I were sitting here estimating our tax refund ? | Estimating Tax Refund by Rachel http://www.taxrefundsinfo.com/about-bush-and-his-stimulus-my-girlfriend-and-i-were-sitting-here-estimating-our-tax-refund-estimating-tax-refund.html#comment-1580 Rachel Thu, 07 Apr 2011 19:34:06 +0000 http://www.taxrefundsinfo.com/about-bush-and-his-stimulus-my-girlfriend-and-i-were-sitting-here-estimating-our-tax-refund-estimating-tax-refund.html#comment-1580 No, that isn't what is happening. If you didn't get the stimulus the first time around, then you can get it now. Since she put in that she didn't get it, the program is adding that to her current refund. You are not paying the stimulus back; that is in addition to whatever refund you would normally get. No, that isn’t what is happening. If you didn’t get the stimulus the first time around, then you can get it now. Since she put in that she didn’t get it, the program is adding that to her current refund. You are not paying the stimulus back; that is in addition to whatever refund you would normally get.

]]> Comment on performing free services + tax return? | Tax Return Services by StephenWeinstein http://www.taxrefundsinfo.com/performing-free-services-tax-return-tax-return-services.html#comment-1579 StephenWeinstein Thu, 07 Apr 2011 16:56:22 +0000 http://www.taxrefundsinfo.com/performing-free-services-tax-return-tax-return-services.html#comment-1579 Nothing. $ 0. However, if your friend performs a service for you in return, then you are supposed to report that value of that service. (You report the value of what you receive as income, not the value of what you provide. Also, you report it only if the services were exchanged for each other, not if they were unrelated favors.) Nothing. $ 0. However, if your friend performs a service for you in return, then you are supposed to report that value of that service. (You report the value of what you receive as income, not the value of what you provide. Also, you report it only if the services were exchanged for each other, not if they were unrelated favors.)

]]> Comment on performing free services + tax return? | Tax Return Services by Max Hoopla http://www.taxrefundsinfo.com/performing-free-services-tax-return-tax-return-services.html#comment-1578 Max Hoopla Thu, 07 Apr 2011 16:42:14 +0000 http://www.taxrefundsinfo.com/performing-free-services-tax-return-tax-return-services.html#comment-1578 You report what you received. Zero. You report what you received. Zero.

]]> Comment on performing free services + tax return? | Tax Return Services by Mathew http://www.taxrefundsinfo.com/performing-free-services-tax-return-tax-return-services.html#comment-1577 Mathew Thu, 07 Apr 2011 15:43:07 +0000 http://www.taxrefundsinfo.com/performing-free-services-tax-return-tax-return-services.html#comment-1577 If you truly did not receive anything for doing this there is no taxable income to report. If on the other hand you did this service for him because he agreed to some other type of work for you that would be bartering and both of your would report $ 1,200 on a schedule C. If you truly did not receive anything for doing this there is no taxable income to report. If on the other hand you did this service for him because he agreed to some other type of work for you that would be bartering and both of your would report $ 1,200 on a schedule C.

]]> Comment on performing free services + tax return? | Tax Return Services by tro http://www.taxrefundsinfo.com/performing-free-services-tax-return-tax-return-services.html#comment-1576 tro Thu, 07 Apr 2011 14:51:59 +0000 http://www.taxrefundsinfo.com/performing-free-services-tax-return-tax-return-services.html#comment-1576 are you bartering? if so the value will be reported by each of you(if he is using the services in his business) you cannot claim a charitable donation to an individual, it has to be a 501(C) 3 organization are you bartering? if so the value will be reported by each of you(if he is using the services in his business)
you cannot claim a charitable donation to an individual, it has to be a 501(C) 3 organization

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