IRS rebate checks.. more info.

[Gingersnap]

http://www.irs.gov/irs/article/0,,id=177937,00.html

 

This doesn't address what happens if you ended up owing money on your 2007 return. I wonder if we will still qualify for a rebate check?

 

Apparently, the check will be based on your 2007 return.

[HSMom2One]

Maybe they'll send us a nice letter telling us we don't have to pay what we owed! They will probably think we'll go out and frivolously spend what we would have had to pay the government....:rolleyes: Go figure!

 

Blessings,

Lucinda

[Robin in Tx]

the information that they are taking from your 2007 return to determine eligibility is adjusted gross income (did you exceed the maximum of $150,000 per couple), and number of children (since they're sending out $300 per kid).

 

Now... if you owe the IRS *back* taxes and they're trying to collect, I don't know if you'd still get a check or not... that's actually a good question (but a different one altogether).

 

HTH,

Robin

[Gingersnap]

the information that they are taking from your 2007 return to determine eligibility is adjusted gross income (did you exceed the maximum of $150,000 per couple), and number of children (since they're sending out $300 per kid).

 

Now... if you owe the IRS *back* taxes and they're trying to collect, I don't know if you'd still get a check or not... that's actually a good question (but a different one altogether).

 

HTH,

Robin

 

I was going to send the check for the amount we owed along with my return in April. No, we did not make over the $150,000. But, what gets me also is that they are sending them direct deposit. We would love that but since we owe from last year, we won't have our direct deposit amount listed on our return so if we do get a rebate check.. we will have to wait for snail mail. Bummer.