On Feb 11, 7:56*pm, "Billy" <billnospamever1234...[at]aol.com> wrote:
- quote -

care, education, energy, foreign tax, child tax, retirement and
various other credits from rarely used forms decrease diability. You
need to read the 2/13/08 US Treasury Press Release which has 5 pages
of examples.

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- quote -

You guys need to keep the faith!

All will go well, nearly $300 million is planned to facilitate the
implementation of this act, the policy analyst, lawyer, program analyst &
computers programmer (s) are up to the task.

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Paul Thomas, CPA wrote:
- quote -


ChEAr$,
Harlan

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"Harlan Lunsford" <hnslunsford[at]bellsouth.net> wrote
- quote -





My oh my.

How many government agencies does it take to send a rebate check to a
disabled vet?


"Hi. We're with the IRS, SSA and VA, and we're here to give you money"



We're in some serious trouble now.

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Phil Marti wrote:
- quote -

(balance snipped..)

The bill as passed does contain an appropriation for both SSA and VA in
order to "administer" their part of the program.
So that tells me that those records will be consulted in the absence of
actual tax returns for 2007.

ChEAr$,
Harlan Lunsford, EA n LA

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Phil Marti wrote:
- quote -

If you start to think this through you quickly come to a
conclusion that it is a mess that requires careful thought and
the ability for various computer systems to communicate with each
other. For example, many people who receive SSA & VA benefits
have other income and file tax returns. The rebate based on a
filed tax return could be larger than the $300 rebate under the
qualified income rule. Some of these people are dependents on
another taxpayer's return. Dependents are not eligible for a rebate.

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Phil Marti wrote:
- quote -

Ah, thanks Phil. Appreciate it.

--
----------------------------- Regards -

- Andrew

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"Condor" wrote:

- quote -

And one significant piece of misinformation. CNN says that to get a rebate
check you MUST file a 2007 tax return. I've seen nothing official that
confirms that.

I'm still waiting to hear something official about how people who qualify
for a check but are not required to file a 2007 return will be identified.
My thought is that FMS should do it since they know who's getting SS and
Veterans' benefits.

I've seen something in the press about SSA and VA sending out a form for
people to file with IRS, which makes no sense, which may be why that's the
way they'll go. A double benefit of this approach is that it would open the
door for phishers to send "official" notices requesting information,
including the bank account information that our super-efficient current
administration wants since it's pushing the idea of direct deposit of the
checks, again according to press reports.

I've been in Washington too long to believe anyone will really think this
through, especially with Congress pounding at the gates to get the cash to
the people in time for the election.

In any case, people who are not required to file a 2007 return should hold
tight and await further developments. And they should be extra careful who
they send any kind of information to, stopping to think, "Wait a minute.
Don't they already have this information?"

--
Phil Marti
Clarksburg, MD

--
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- quote -

See CNNMoney.com Rebates: What you need to know

http://money.cnn.com/2008/02/08/pf/t...ion=2008020817


Condor

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"Andrew" wrote:

- quote -

You start with income tax after credits except the child tax credit. If
that amount is $600 or more ($1200 on a joint return), you get $600/$1200.
If it's less, you get only the amount of tax after credits, but no less than
$300 if you have $3,000 of qualifying income.

--
Phil Marti
Clarksburg, MD

--
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"Billy" wrote:

- quote -

My response was to you, not to people whose liability is wiped out by the
Child Tax Credit and EIC. People with zero income tax after credits EXCEPT
CTC and all refundable credits, including EIC, will get the $300 minimum if
they have the $3,000 of qualifying income.

--
Phil Marti
Clarksburg, MD

--
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Phil Marti wrote:

Phil (or others) - I've seen $300 per person minimum and $600 also throw
about. What determines whether or not you get more than the $300 (for a
minimum of $3,000 income from last year, or something to that effect?)

Wondering about my child who started her working life in t/y 2007 and is no
longer my dependent. How can we tell how much SHE will get as a single
individual
(Does make considerably more than $3,000 if 2007). I've looked at online
resources, and can't see where this is stated.

Thanks!

--
----------------------------- Regards -

- Andrew

--
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"Phil Marti" <prm20871[at]verizon.net> wrote in message
news05sj.10376$0B2.8205[at]trnddc03...
- quote -

A whole lotta poeple dont pay much in tax after the credits, based on your
response, they won't see a dime even though they work. Child Tax Credit and
EIC wipe out a lot of liability.

bill

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"Harlan Lunsford" <hnslunsford[at]bellsouth.net> wrote in message
news:YH4sj.95874$K27.59885[at]bignews6.bellsouth.net...
- quote -

Time will tell.

bill

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"Billy" wrote:

- quote -

No. Assuming no children under 17, the couple will get a maximum of $1200
and a minimum of $600. That minimum requires $3000 of one spouse's earned
income and $3000 of the disability pension.

Nothing has been announced yet about how people who don't have to file tax
returns will be identified. In the meantime, if you file a joint return and
the Income Tax after Credits is at least $1,200 on your 2007 return, you'll
get $1,200.
--
Phil Marti
Clarksburg, MD

--
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Phil Marti wrote:
- quote -

usual income items on a tax return, plus untaxed social security and VA
benefits which don't even appear on the tax return.

Just how IRS is going to administer this is tricky though.

Presumably in a case like this they will issue the rebate based on
return data and then (after October 15th -youknowwhatthatis) will adjust
with reference to the VA database.

That's the way the law is written, that qualified income includes VA
benefits.

But.... we'll see.

ChEAr$,
Harlan Lunsford, EA n LA

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"Phil Marti" <prm20871[at]verizon.net> wrote in message
news:JZ2sj.5650$qw4.44[at]trnddc02...
- quote -

tks

bw

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"Billy" wrote:

- quote -

If they file a joint return it will be based on the joint return
information. There's no need that both spouses have taxable income in order
to receive the full amount.

--
Phil Marti
Clarksburg, MD

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If one person is a disabled Veteran and spouse is working, can they collect
the 2 rebates plus the disabled Vet rebate also under new plan?

tks

bw

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