Do you have to file a tax form to receive the federal tax rebate recently approved by the government?
Q: Do you have to file a tax form to receive the federal tax rebate recently approved by the government?
A: Well, in a way, yes. You need to file your 2007 federal tax return. The Internal Revenue Service will use information on your 2007 return to determine how much a taxpayer you're eligible to receive.
The IRS will begin sending payments in May. Taxpayers who file late or after filing an extension will receive payments later. No rebate checks will be issued after Dec. 31.
If you don't normally file a return, it's still important that you file this time. Recipients of Social Security, specified railroad retirements and certain veterans' benefits should report those amounts on Line 14a of Form 1040A or Line 20a of Form 1040. Taxpayers who already have filed but failed to report these benefits can file an amended return by using Form 1040X.
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A: Well, in a way, yes. You need to file your 2007 federal tax return. The Internal Revenue Service will use information on your 2007 return to determine how much a taxpayer you're eligible to receive.
The IRS will begin sending payments in May. Taxpayers who file late or after filing an extension will receive payments later. No rebate checks will be issued after Dec. 31.
If you don't normally file a return, it's still important that you file this time. Recipients of Social Security, specified railroad retirements and certain veterans' benefits should report those amounts on Line 14a of Form 1040A or Line 20a of Form 1040. Taxpayers who already have filed but failed to report these benefits can file an amended return by using Form 1040X.
posted by Scott at
5:04 AM
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