US Tax system and impact on debt

Stimulus Payment - Can I receive it this time?

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Author

Posted: Mon May 05, 2008 1:58 pm Post subject:

I used Turbo Tax and Im getting my rebate direct deposit.

Roadwarrior
Debt Samaritan

Joined: 07 Apr 2006
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Posted: Mon May 05, 2008 2:07 pm Post subject:

So you must've either used a free version or paid any fees seperatly. It's only people that used an tax service or software and elected to pay the fees out of their refund that would get a paper check, even though their refund was direct deposited. _________________ How I make some extra cash I earn at least $20 extra every month doing offers. And you don't have to pay a cent.

goudah2424
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Posted: Mon May 05, 2008 2:12 pm Post subject:

Just an FYI...I've put a note into our local newspaper and also contacted ABCnews.com about this. I would like to see the news outlets carrying some sort of story about this, because the IRS sure isn't being forthcoming with the info. This is something they should have foreseen when they started this whole stimulus thing - they covered people in the military, people that owe back taxes, people that don't make enough to file a return, people that live in Puerto Rico and other US territories, etc...but they couldn't cover THIS??? This will affect millions, and yet the IRS is not informing anyone unless they call to find out why they can't get their rebate info on the website. And I'll bet if they don't ask the right questions when they call, they aren't told, either. _________________ A journey of a thousand miles begins with a single step...and becoming debt free is a journey!

SUEBEEHONEY70
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Posted: Mon May 05, 2008 2:12 pm Post subject:

Aha! It now finally says on the IRS site:

Quote:

If filing or preparation fees were deducted from your 2007 Refund or you received a rapid refund, you will be receiving a check instead of a direct deposit. Please see the Paper Check section of the Payment Schedule.

_________________
How I make some extra cash

I earn at least $20 extra every month doing offers. And you don't have to pay a cent.

goudah2424
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Posted: Mon May 05, 2008 2:14 pm Post subject:

I paid mine up front. To go through the Bank of Santa barbara tacks on Two additional Weeks to your refund. Who would apply for a Rapid Refund anyway???

Roadwarrior
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Joined: 07 Apr 2006
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Posted: Mon May 05, 2008 2:18 pm Post subject:

You are good to go with the direct deposit of your rebate then . . . . _________________ How I make some extra cash I earn at least $20 extra every month doing offers. And you don't have to pay a cent.

goudah2424
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Posted: Mon May 05, 2008 2:56 pm Post subject:

I did find this little tidbit that was buried in several paragraphs of info posted back in February on the IRS website...

Quote:

The IRS reminds taxpayers when they file their 2007 tax return to use direct deposit, which is the fastest way to get both regular refunds and stimulus payments. However, taxpayers who use Refund Anticipation Loans (RALs) or enter into any other loan or financial agreement with their tax professional cannot receive their stimulus payments by direct deposit and instead will get a paper check

And I do see the info you mentioned on there now, Goudah. It took probably hundreds of thousands of people calling the IRS and chewing them out before they did it. Rolling Eyes

Gonna be up late tonight listing on Ebay. I wasn't counting on this money being there this week, but I sure was hoping for it.
_________________
A journey of a thousand miles begins with a single step...and becoming debt free is a journey!

SUEBEEHONEY70
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Posted: Mon May 05, 2008 7:14 pm Post subject:

Man--I know a LOT of folks that are going to be TICKED OFF, they didn't make that clear at all...NOT FAIR!

lmale

Joined: 28 Mar 2008
Posts: 434

Debtcc Points: 3397

Posted: Mon May 05, 2008 7:59 pm Post subject: rebate

I ALREADY knew I would get a check mailed. When I got my refund, I used the Emerald Card ( a debit card from HR Block). I ALSO got the Rapid Refund. yep..I agree with a few of you, some people are gonna be alittle ticked about the IRS not 'clarifying' things.

sdchargers_63

Joined: 08 Aug 2007
Posts: 883

Debtcc Points: 9709

Posted: Tue May 06, 2008 6:35 am Post subject:

My sister just called to say they got their money today! The last 2 of the ss# is 46, also one of her co-workers got hers also, so maybe its starting to roll in!

lmale

Joined: 28 Mar 2008
Posts: 434

Debtcc Points: 3397

Posted: Tue May 06, 2008 5:52 pm Post subject:

My last 2 digits are 46 too and the site says mine is scheduled for deposit on May 9th. I have been reading the forums and couldn't agree more that the IRS should have been far more clear with how the payments would be distributed. I have heard many people who state they are really needing it, so for the IRS to post definite dates that obviously were not definite, it is frustrating. I hope everyone gets their soon and that you use it how you need to but leave a little bit for something fun... _________________ Success is not always measured in results.

waterbug811

Joined: 01 Jun 2007
Posts: 137

Debtcc Points: 3214

Posted: Tue May 06, 2008 7:12 pm Post subject:

You know when they gave these rebates a few years ago I don't remember there being this much confusion. I think back then I got mine in August and that's when they said I would get it. I don't understand what all the miss is about this time.

lmale

Joined: 28 Mar 2008
Posts: 434

Debtcc Points: 3397

Posted: Tue May 06, 2008 8:00 pm Post subject:

I know but I screwed up my own tax return this year..I haven't filed one for three years because of being on disability I don't earn enough money to do it I accidently filed two of them without realizing it . I got the letter dated 5/5/08 on 5/5/08 WTF...saying that it is being reviewed and to allow 60 days... this government doesn't know anything it is so screwed up .

ladybug

Joined: 29 May 2007
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Posted: Tue May 06, 2008 8:04 pm Post subject:

I know, its just madness. I do hope you get it before 60 days!

lmale

Joined: 28 Mar 2008
Posts: 434

Debtcc Points: 3397

Posted: Wed May 07, 2008 7:24 pm Post subject:

My last 2 digits are 97 and so far the site is still not giving me any info at all on mine. It keeps saying I've entered the wrong info. I'm guessing this is due to it not having been scheduled yet. For the ones of you that the sites working for how long before yours was actually deposited did the site start telling you when to expect your money? Thanks, Johnita