RAO Davao City » Internal Revenue Service http://www.raodavao.com/blog United States Military Retiree Activities Office Davao City, Philippines Fri, 27 Jan 2012 23:40:16 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 ECONOMIC STIMULUS PACKAGE UPDATE August 15, 2008 http://www.raodavao.com/blog/2008/08/14/economic-stimulus-package-update-august-15-2008/ http://www.raodavao.com/blog/2008/08/14/economic-stimulus-package-update-august-15-2008/#comments Thu, 14 Aug 2008 20:30:18 +0000 Service Officer http://www.raodavao.com/blog/2008/08/14/economic-stimulus-package-update-august-15-2008/ The Internal Revenue Service wants retirees and veterans to know that it is not too late to file for an economic stimulus payment. The IRS plans to send a second set of information packets to 5.2 million people who may be eligible but who have not yet filed for their stimulus payment. The packages will contain everything needed by a person who normally does not file a tax return but who must file this year in order to receive a payment of up to $300 — $600 for those married and filing jointly. The deadline for filing for the payment is 15 OCT. For more information call the rebate hot line at (866) 234-2942 or check the IRS Web site at www.irs.gov/newsroom/ [Source: Veterans Journal article 11 Aug 08 ++]

]]> http://www.raodavao.com/blog/2008/08/14/economic-stimulus-package-update-august-15-2008/feed/ 0 ECONOMIC STIMULUS PACKAGE UPDATE 8 June 2008 http://www.raodavao.com/blog/2008/06/08/economic-stimulus-package-update-8-june-2008/ http://www.raodavao.com/blog/2008/06/08/economic-stimulus-package-update-8-june-2008/#comments Sun, 08 Jun 2008 12:57:42 +0000 Service Officer http://www.raodavao.com/blog/2008/06/08/economic-stimulus-package-update-8-june-2008/ Clarification for tax filers who are using Taxpayer Identification Numbers (ITIN) vice Social Security numbers on their 1040 & 1040A tax forms for their spouse or children is provided in the below taken from the IRS website. Bottom line if your spouse does not have a SSN and you file jointly using his/her ITIN neither of you will receive a ECS payment. If you both have SSNs and your child does not you will receive your ECS payment but nothing for the child:

 

Q. I file using an individual taxpayer identification number (ITIN). Can I still get a stimulus payment?

A. No. The law does not allow stimulus payments to people who file a return using an ITIN. A taxpayer must have a valid Social Security number to qualify for the stimulus payment. If married filing jointly, both taxpayers must have a valid Social Security number. And children must have valid Social Security numbers to be eligible as qualifying children.

Q. If I currently have an ITIN and file my return but later this year get an SSN, can I amend my return to get the payment or will I need to wait until I file my 2008 return to claim it?

A. You will need to wait until you file your 2008 income tax return to claim the economic stimulus payment. [New 4/14/08]

Q. I have an ITIN, but my spouse has a valid Social Security number. Can we get a payment?

A. If you and your spouse file a joint return, you will not get a stimulus payment. If your spouse files a separate return, your spouse may qualify for a payment, based on his or her income deductions and credits.

Q. If I have a spouse with an ITIN and therefore choose “married filing separately” status to qualify for the economic stimulus payment and later on amend my original return to “married filing jointly” status, will I need to return the stimulus payment?

A. No. [New 4/14/08]

Q. If I have a valid Social Security number and my child has an ITIN, do I get extra money for the child?

A. No. To qualify for the extra credit for qualifying children, not only do the taxpayer and spouse, if filing jointly, need valid Social Security numbers, but the qualifying child must also have a valid Social Security number.

Q. I adopted a child this year and my child has an ATIN (Adoption Taxpayer Identification Number). Will I receive the $300 additional child payment?

A. An ATIN is issued by the IRS as a temporary taxpayer identification number for the child. Adoptive parents who do not yet have a Social Security number for their child will not get the advance payment. However, if they receive a Social Security number for the child before the end of 2008, they can claim the additional child payment on their 2008 tax return.

[Source: IRS Website http://www.irs.gov/newsroom/article/0,,id=181995,00.html 20 May 08 ++]

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