We did our taxes long ago(January).We didn't know about the "rebate" thing.Now I read that we can get the rebate if we use the form 1040X.
My questions are is it too late to do it?
If it's not too late,What I need to fill on that form? Just change the amount of the income and write "Stimulous payment" on it?

Anyway Vet long time no read you!

If you've already filed your tax return, no further action need be taken, unless you did not report your correct income/deductions/credits. The stimulus payments are automatic, based on the return you've already filed.

http://www.irs.gov/newsroom/article/0,,id=181972,00.html

quote:

Originally posted by glenda10:
We did our taxes long ago(January).We didn't know about the "rebate" thing.Now I read that we can get the rebate if we use the form 1040X.
My questions are is it too late to do it?
If it's not too late,What I need to fill on that form? Just change the amount of the income and write "Stimulous payment" on it?

Anyway Vet long time no read you!

HI GLENDA!!!!!!

IRS Form1040X

File Form 1040X only after you have filed your original return. Generally, for a credit or refund, Form 1040X must be filed within 3 years after the date you filed the original return or within 2 years after the date you paid
the tax, whichever is later. A return filed early is considered filed on the due date.


If the IRS takes notice to your Income and taxes paid, I'm pretty sure they will understand if you are eligible for the Rebate. You can always attach a note indicating same.

Hope that helps!

The thing with our taxes is that the income was non taxable because he was deployed,yeah when we did the taxes we did write the Q-XXX amount but we didn't write "Stimulous payment" on the top because we did it online plus at the time the rebate thing wasn't there.

This BS is confusing not just for us,almost the whole company filed the taxes in January and we are clueless.I read somewhere if we did the taxes we had to file the 1040x but we don't want to make mistakes with the IRS.lol

I think that it'll be better if we leave this alone and if we don't get a penny well...at least we didn't paid taxes last year.lol

Hey,vet I hope you are feeling better.We miss talking to you.

use this link which I provided in an earlier post. Go to the time table to see when you will receive your stimulus payment/s. If that date passes, and you have not yet received any money, let us know and we'll try to find a solution. If you have to refile, you have 'til October 15th to qualify for the stimulus money.

quote:

http://www.irs.gov/newsroom/article/0,,id=181972,00.html

Thanks!
It says May 9th so we'll see.

quote:

Originally posted by glenda10:
Thanks!
It says May 9th so we'll see.

Great, Glenda!

Still alive here......

Don't get loss or I have to have money problems to get to talk to you.lol

By the way we bought a house in Alabama.The closing was almost two weeks ago.It was fun!Now I can't wait to move out of Texas!

(OT)

quote:

Originally posted by glenda10:

Don't get loss or I have to have money problems to get to talk to you.lol

By the way we bought a house in Alabama.The closing was almost two weeks ago.It was fun!Now I can't wait to move out of Texas!

I'm always around....somewhere. E-mail me if you need anything.

I hope you have a safe and happy move!

Best of luck in your new home.

Thanks!
By the way I like your tagline.

quote:

Originally posted by glenda10:
Thanks!
By the way I like your tagline.

I think it describes me quite well.

nahhh

Glenda, check out the following:

Greetings and special blessings to one and all.

For anyone who is interested you can go to this website and enter your SS#, your filing status and the number of exemptions, this is counting you and your spouse and children if any and maybe find out what date you should get your rebate on. Mine is coming May 6th by direct deposit.

https://sa1.www4.irs.gov/irfof/IRServlet?app=IRACTC

This will tell you how much you are getting and the date you can expect it.

May God richly bless and keep each of you.

In His Service,

Grover

P. S. Here is the payment schedule. To be in the above system you had to file before the first of March 08:

People who use direct deposit also will be among the first to receive the payments starting April 28. Direct deposits will be made daily and completed by the date listed below:
DIRECT DEPOSIT

Last two SSN digits: Payments will be transmitted no later than:
00 through 20 May 2
21 through 75 May 9
76 through 99 May 16




Paper checks will also go out based on Social Security number. For Social Security numbers ending in 00 through 09, the paper checks will be mailed starting May 9 and will continue through May 16. A similar process will be repeated in the following weeks.
PAPER CHECK

Last two SSN digits: Payments will be mailed no later than:
00 through 09 May 16
10 through 18 May 23
19 through 25 May 30
26 through 38 June 6
39 through 51 June 13
52 through 63 June 20
64 through 75 June 27
76 through 87 July 4
88 through 99 July 11

Thanks for the link Grover.
I checked and this is what I got...lol I knew it,so it didn't matter that we files our taxes,we didn't qualify.Fine with me at least we know now.

"You did not qualify for the Stimulus payment because your qualifying income was not high enough. Qualifying income includes wages and net earnings from self-employment that is includable in taxable income, Social Security benefits, certain Railroad Retirement benefits and Veterans disability compensation, disability pension, and survivors benefits received from the Department of Veterans Affairs.

Helpful Information:
The 2008 tax instructions will include a worksheet to help those who did not qualify for a payment or those who received a reduced amount determine if they can obtain a benefit when they file their 2008 tax returns next year.

See Stimulus Payments: Answers to Frequently Asked Questions."

INDEEED, youn MAY want to file an amended return after reading these qualifications:


WASHINGTON — Military personnel serving in combat zones have the option of including their nontaxable combat pay on their 2007 or 2008 income tax returns if it helps their eligibility for the 2008 economic stimulus payments.

To receive the stimulus payment this year, combat zone personnel or their spouses must file a 2007 income tax return by Oct. 15. Otherwise, they can claim the economic stimulus payment on next year’s income tax return.

“The last thing we want our troops in Iraq or other war zones to worry about are their tax returns. But we do want the troops, and their families stateside, to know they may qualify for the economic stimulus payment,” said Linda E. Stiff, Acting Commissioner of the Internal Revenue Service.

Starting in May, the IRS will issue economic stimulus payments of up to $600 ($1,200 for married couples) plus a $300 payment for each qualifying child younger than 17. The payments are based on 2007 income tax returns. The payments for individuals will begin to phase out starting at $75,000 in adjusted gross income ($150,000 for married couples).

Even individuals and families who normally do not file a tax return because they have no filing requirement may qualify for an economic stimulus payment. They may be eligible for the minimum payment of $300 ($600 for married couples) plus the $300 for each qualifying child younger than 17.

People must have at least $3,000 in qualifying income to get a payment. Qualifying income is defined as any combination of earned income (such as wages or taxable income from self-employment), nontaxable combat pay and certain benefits from Social Security, Veterans Affairs and Railroad Retirement.

Military personnel who normally would not file an income tax return because their 2007 income is not taxable can file a simple Form 1040A with the IRS if they want to receive the economic stimulus payment. They should report their nontaxable combat pay on Line 40b of the Form 1040A to show at least $3,000 in qualifying income. The Department of Defense lists the amount of excluded combat pay, along with the designation, “Code Q,” in Box 12 of Forms W-2.

If a military person is serving in a combat zone, his or her normal tax filing requirement is extended until at least 180 days after leaving a combat zone. However, spouses or others with a power of attorney can prepare and file a 2007 income tax return on their behalf so that the stimulus payment is received this year.

The IRS has developed Package 1040A-3, an 8-page publication containing tax tips, a sample Form 1040A and a blank Form 1040A.

To ensure that a stimulus payment will be received in 2008, the return must be filed by Oct. 15 to allow sufficient time for processing.

There are a number of special tax code provisions that apply to members of the military serving in combat zones. They include:

All military pay earned by enlisted personnel or warrant officers is excluded from gross income;
Monthly pay of up to $6,867.60 earned by commissioned officers is excluded from 2007 gross income;
All military pay earned by enlisted personnel hospitalized because of injuries sustained in a combat zone is excluded from gross income during the period of hospitalization. The exclusion is limited to two years after the date of the termination of combatant activities in the combat zone;
Commissioned officers hospitalized because of injuries sustained in a combat zone have a monthly maximum exclusion of $6,867.60 for 2007 and have the same two-year limitation.
Military personnel who miss a tax filing deadline because they are in a combat zone have 180 days after they leave that combat zone to file a tax return, if they have taxable income.
All the provisions also apply to members of the Reserves and the National Guard.

The IRS reminds filers that they can get their stimulus payments faster by using direct deposit when they file their tax return.

In addition, the IRS urges people to file electronically. For people who normally are not required to file a tax return, the IRS and the Free File Alliance have a special program set up to allow for free electronic filing. For those with computer access, IRS Free File –Economic Stimulus Payment is available at IRS.gov.

It's kind of stupid making soldiers to file an extra form when they already filed taxes...I wrote the Q amount.

My husband and I decided to leave it alone and if we can file for it next year we will if we can't ...they can enjoy the money.

I just don't want to mess up our taxes for trying to get some free money.lol

quote:

Originally posted by usmcvet:

quote:

Originally posted by glenda10:
Thanks!
By the way I like your tagline.

I think it describes me quite well.

Hey Grumpy..I miss you! Your not intolerable!