"John D. Goulden" <jgoulden[at]okcu.edu> wrote in message
news:fp4qfv029m4[at]news2.newsguy.com...
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You must not be looking very hard. There is a massive amount of information
available at the IRS website. At the top of the main page there is a link to
"Rebate Questions?" The page it links to is being updated almost daily as
more information is available.

Ira Smilovitz

--
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"John D. Goulden" <jgoulden[at]okcu.edu> wrote
- quote -




To the extent that you don't get the rebate based on the 2007 return, or
don't get the full credit, yes, there will be an add-back for the credit not
received during the year that you shouls have received.





- quote -




Possibly, yes.

And folks who don't have a child on the 07 returns, but do on the 08 (for a
host of reasons).





- quote -



What, you expect them to tell you how to game the system?




- quote -



For most people, they'll get a check (or direct deposit) this summer and
that's the end of it. Others - many others based on the last time they
played this shell game - will have some extra coming on the 08 returns.





--
Paul A. Thomas, CPA
Athens, Georgia

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >

I've been told by several people that the stimulus package checks coming out
this summer are an advance payment on a credit that will appear on the 2008
returns. In particular, they are saying that if your '08 return qualifies
you for more than you actually got the previous summer, IRS will send you
the difference; if your '08 return qualifies you for LESS than what you
actually got, you get to keep the full amount anyway (and if true this will
effect lots of divorced couples who trade their children's tax benefits back
and forth). But - I don't see anything like this on irs.gov or the other
press releases about the rebates. So what's the deal - will this be part of
our '08 tax forms or do we just get checks this summer and that's the end of
it?

--
John D. Goulden

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >