Harlan Lunsford wrote:

- quote -

--
<< ------------------------------------------------------- > << 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. > << ------------------------------------------------------- >

Phil Marti wrote:
- quote -

or enter an amount, the absence of doing either prevents efiling in
Taxwise. Shrew, don't you think?

ChEAr$,
Harlan

--
<< ------------------------------------------------------- > << 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. > << ------------------------------------------------------- >

On Jan 16, 5:05*pm, Harlan Lunsford <luns...[at]bellsouth.net> wrote:
- quote -

the computer will believe any number
entered within that range. Passing diagnostics means certain hurdles
have been cleared, you can still have
some real doozies in the return.

At least the stimulus payment is easier to check on than the advance
child tax credit of a few year's back:

https://sa1.www4.irs.gov/irfof/IRSer...ectLanguage=en

--
<< ------------------------------------------------------- > << 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. > << ------------------------------------------------------- >

"Harlan Lunsford" wrote:

- quote -

That's one thing I like about TaxWise, although all those "confirming" no
entry thingies can eat up time.

I use TaxAct for myself, and it generates a default zero on the worksheet.
I've not run it through an e-file diagnostic, but I doubt it would treat it
as something to be addressed.

--
Phil Marti
Clarksburg, MD

--
<< ------------------------------------------------------- > << 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. > << ------------------------------------------------------- >

Brew1 wrote:
- quote -

bearing on whether or not IRS will "diagnose" on its own and reconcile
actual receipt or non receipt of the stimulus check.

However I'm pleased to report that my software (Taxwise, which IRS uses)
has a provision for either checking a box attesting to the fact no
stimulus payment was received or entering an amount on the appropriate
line. naturally if an incorrect amount were entered, the software
would pass the return through diagnostics, yet the error would not be
caught until IRS itself processes the return.

In sort, software diagnostics don't catch all errors.

ChEAr$,
Harlan Lunsford, EA n LA

--
<< ------------------------------------------------------- > << 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. > << ------------------------------------------------------- >

- quote -

?
I'd appreciate an explanation of that comment, Harlan.

It is one thing to prepare a return using computer software and print
it out.
It's another one to be able to e-file that return. My software has
two levels
of diagnostics, one for the return and one for e-file. I thought that
the TP's
software would treat an incompleted worksheet as a severe (must-be-
fixed)
diagnostic.

--
<< ------------------------------------------------------- > << 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. > << ------------------------------------------------------- >

"Harlan Lunsford" wrote:

- quote -

OP e-mailed me. It was a missed worksheet entry.

--
Phil Marti
Clarksburg, MD

--
<< ------------------------------------------------------- > << 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. > << ------------------------------------------------------- >

uzidengineer wrote:
- quote -

on the worksheet for the 600$ "rebate" to be zeroed out.

When I first got my software back in Dec, I was almost happy to see we
were getting 1200$ more than I thought, but of course, being the tax pro
I am (ahem!) I worked through the worksheet and that solved everything.

ChEAr$,
Harlan Lunsford, EA n LA

--
<< ------------------------------------------------------- > << 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. > << ------------------------------------------------------- >

Brew1 wrote:
- quote -

Diagnostics has nothing to do with anything.
I've come late to this discussion, but it behooves us to confirm with
client whether he did or did not receive a stimulus check last year and
if so, for how much. Did you know that IRS even has a handy dandy web
site you can check?

ChEAr$,
Harlan Lunsford, EA n LA

--
<< ------------------------------------------------------- > << 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. > << ------------------------------------------------------- >

- quote -

good question--, I would think so, and I bet we know by Monday!

I don't believe that TaxCut (or any other software) would allow a
return to be
filed electronically if the taxpayer did not put a figure (even if
it's zero) in the field
for the amount received. Even though the TP says it calculated a $600
credit, we don't
know if the TP passed diagnostics.

--
<< ------------------------------------------------------- > << 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. > << ------------------------------------------------------- >

On Jan 13, 4:13 pm, uzidengineer <uzi...[at]gmail.com> wrote:

- quote -

Just another thought. Did you have twins in 2008?

--
<< ------------------------------------------------------- > << 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. > << ------------------------------------------------------- >

Brew1 wrote:
- quote -


Thanx for the hint. Following is the reject code:

0269 Form 1040/1040A/1040EZ - Recovery Rebate Credit (SEQ 1220) cannot
be claimed because the maximum amount has already been received based on
the information contained on the 2007 tax return.

Now, my next question is, just because a reject code is documented, does
that mean it is actually used?

http://www.irs.gov/taxpros/providers...174842,00.html

-Mark Bole




--
Mark Bole

--
<< ------------------------------------------------------- > << 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. > << ------------------------------------------------------- >

Brew1 wrote:
- quote -


Thanx for the hint. Following is the reject code:

0269 Form 1040/1040A/1040EZ - Recovery Rebate Credit (SEQ 1220) cannot
be claimed because the maximum amount has already been received based on
the information contained on the 2007 tax return.

Now, my next question is, just because a reject code is documented, does
that mean it is actually used?

http://www.irs.gov/taxpros/providers...174842,00.html

-Mark Bole

--
<< ------------------------------------------------------- > << 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. > << ------------------------------------------------------- >

On Jan 15, 6:16*pm, Mark Bole <ma...[at]pacbell.net> wrote:
- quote -


http://www.irs.gov/taxpros/providers...174811,00.html

typically, the IRS compares taxpayer payments claimed with IRS
records, releases
an amount that agrees with their records, and sends a letter of
explanation to the taxpayer.

--
<< ------------------------------------------------------- > << 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. > << ------------------------------------------------------- >

Brew1 wrote:

- quote -

I wonder if the IRS will be able to immediately reject an e-filed return
for this problem (rebate credit amount on Form 1040 Line 70 too large),
or will the return be accepted, setting the taxpayer expectation for a
certain amount, and then the lesser amount will be direct-deposited
within 8-15 days (if a refund), or a bill for the additional amount due
will be sent?

-Mark Bole

--
<< ------------------------------------------------------- > << 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. > << ------------------------------------------------------- >

On Jan 14, 6:08*am, "Phil Marti" <prm20...[at]verizon.net> wrote:
- quote -

Phil: what I ws saying is that if you don't have $1200 of tax in 2008
you will collect $600 anyway (if MFJ with no children and haven't
collected any yet)

ed

--
<< ------------------------------------------------------- > << 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. > << ------------------------------------------------------- >

"ed" wrote:


- quote -

This could be misinterpreted. The maximum credit for a single person is
$600. For a joint return it's $1200. Children may add to this. You figure
the credit for the 2008 return, subtract the amount of advance payment
received, and the balance, if any, is a credit on the 2008 return.
--
Phil Marti
Clarksburg, MD

--
<< ------------------------------------------------------- > << 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. > << ------------------------------------------------------- >

On Jan 13, 7:13*pm, uzidengineer <uzi...[at]gmail.com> wrote:
- quote -

make an entry when
"asked," the IRS will subtract the money from your refund before it
releases any funds.
Even though the program may not require an entry, as Phil suggested,
there is a place
for you to enter the amount already received.

--
<< ------------------------------------------------------- > << 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. > << ------------------------------------------------------- >

In article
<8bba1745-eb6d-4a34-b2f1-777547a4fccb[at]h20g2000yqn.googlegroups.com> ,
uzidengineer <uzib97[at]gmail.com> wrote:

- quote -

The stimulus rebate that was given earlier in the year was really an
advance refundable rebate of your 2008 taxes, but because congress
wanted to get it into the economy quickly, congress based it on your
2007 return which they already had.

Knowing that in some cases people would qualify for more based on 2007
returns than they would when they filed their 2008 tax, congress said
anything paid would not have to be paid back.

Because some people did not qualify for the entire rebate based on the
2007 return but they do now based on the actual 2008 return, congress
came up with the "Rebate Recovery Credit" which is on the 2008 tax form
and the worksheet you are referring to.

If your tax situation, dependents, income, etc. have changed from 2007
to 2008 so that you now qualify for a larger rebate, the "Rebate
Recovery Credit" will give it to you and it will be included in your
2008 refund (or a lowering of the amount due).

--
-Ernie-

--
<< ------------------------------------------------------- > << 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. > << ------------------------------------------------------- >

On Jan 13, 6:59*pm, "Phil Marti" <prm20...[at]verizon.net> wrote:
- quote -

As Phil said. You automatically get the Refundable $600 unless you
already got it, and then if you have taxes this year you get the other
$600, unless you already got it.

ed

--
<< ------------------------------------------------------- > << 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. > << ------------------------------------------------------- >