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IRS Sending Alert Letters

Don't Be Afraid of That Letter From the IRS

Usually, getting mail is one of life's small joys in my opinion. And since I've opted out from receiving credit card offers, I rarely see an envelope addressed to me. A return address labeled IRS might have me taking back any hope that paper mail weren't so out of mode, especially if it arrived out of the blue. That would probably make me a little nervous! But this time, the envelope arriving from the IRS won't be a surprise since they've issued a notice to be expecting their note. To see what 130 million households will soon be receiving from the IRS just

The purpose of the letter is to simply remind people to file their 2007 tax return so they don't miss out on their tax rebate. When you receive your letter, it will be pretty obvious that it's about the rebate check: the letters are headlined "Economic Stimulus Payment Notice" and begin "Dear Taxpayer." You need to file your 2007 return in order to get your check — a little give and take — though your rebate check will arrive separate from any tax refund you may receive.

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Smart-Living Smart-Living 7 years
Hi everyone! I'm going to do my best to clear up some of the confusion. LaLaLaurie06- The IRS is sending letters for two reasons. 1) They want everyone to know that filing taxes is the only thing required to receive the check in case scammers send letters saying otherwise. 2)Not everyone files taxes, including some of the people eligible for the rebate check. Bettyesque, emalove, & freegracefrom - It's my understanding that receiving the tax credit won't reduce next year’s refund nor will you owe more federal tax because of the check. I hope this helps! Savvy
LaLaLaurie06 LaLaLaurie06 7 years
They say you have to file for your 2007 tax returns before you can get your tax rebate. Well, who is going to say "ah well I don't want this tax rebate so I won't file my 2007 tax returns?" Everyone has to file taxes. I guess this little letter is supposed to make us more excited about doing it??
sarlafrock sarlafrock 7 years
the tax credit thing makes no sense because tax credits give you money back... and they wouldnt give us this and then more money back!! Savvy, can you solve this mystery for us?
freegracefrom freegracefrom 7 years
What if you have to pay next year? Will you have to pay even more, because of the tax incentive this year? I'm scared.
ccsugar ccsugar 7 years
This sh!t is giving me a headache.
emalove emalove 7 years
This is what Savvy posted a couple of weeks ago: "If you file your taxes for 2007 and qualify for a rebate check, the rebate amount will appear on your 2008 tax return as tax credit. You won't get any less of a refund than you normally would for your 2008 tax return (which you'll file in 2009)." That makes me think that the amount we receive in this "rebate" check will NOT be deducted from our 2008 return. Is that correct, Savvy?
emalove emalove 7 years
I thought the same thing as Jklimas. I thought I read here on Savvy a couple of weeks ago that it isn't an advance, but you do have to claim it as income. Confused now.
jklimas jklimas 7 years
it's not an advance on next year but you have to claim it as income
Bettyesque Bettyesque 7 years
Thanks Kacie.
Kaciegrrl Kaciegrrl 7 years
Bettyesque, I love your avatar!
kaenai kaenai 7 years
That doesn't make me happy. I don't even qualify for it, and I think it's not such a great thing. It feels like I'm being bought off somehow. :(
Bettyesque Bettyesque 7 years
excuse the typos
Bettyesque Bettyesque 7 years
I wonder if this letter will mention the fact that this suppose economic stimulus is actually just and advance on our 08 Returns and whatever amount you receive will be then deducted from next years tax return.
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