Discussion:Another stimulus question
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| {{ForumReplyPost|UserID=Taxestaxes|Date=17 May 2008|Text=I can tell you that this has been a nightmare for me and I will probably loose a lot of clients over this, because as aJdug. refers to charging for the hour, I have noted that and my clients get furious that I wont help them over this rebate.......They expect me to help for free!!!! Anyway, I have several people who I told wouldnt qualify and they are getting the min. $300 anyway. For instance, once couple, both retired, only draw a pension (1099r), according to IRS doesn not qualify, yet they got the $600. They call me, worried to death over this - Hey if you got it, its yours!!! Then I have tons of others who thought because they had a w2, over $3000 (most made around $20,000) they would get $600. Well, guess what, they have 2-3 kids, so no tax liability, they only get $300. Then I get the 20 calls about when will they get their rebate, they thought because they choose Rapid refund Direct deposit, the rebate would be too.....I can honestly say this has been more of a pain than its worth. I think I would gladly have given up my rebate just to not go thru what I have been thru these past several weeks!!!!}} | {{ForumReplyPost|UserID=Taxestaxes|Date=17 May 2008|Text=I can tell you that this has been a nightmare for me and I will probably loose a lot of clients over this, because as aJdug. refers to charging for the hour, I have noted that and my clients get furious that I wont help them over this rebate.......They expect me to help for free!!!! Anyway, I have several people who I told wouldnt qualify and they are getting the min. $300 anyway. For instance, once couple, both retired, only draw a pension (1099r), according to IRS doesn not qualify, yet they got the $600. They call me, worried to death over this - Hey if you got it, its yours!!! Then I have tons of others who thought because they had a w2, over $3000 (most made around $20,000) they would get $600. Well, guess what, they have 2-3 kids, so no tax liability, they only get $300. Then I get the 20 calls about when will they get their rebate, they thought because they choose Rapid refund Direct deposit, the rebate would be too.....I can honestly say this has been more of a pain than its worth. I think I would gladly have given up my rebate just to not go thru what I have been thru these past several weeks!!!!}} | ||
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| + | {{ForumReplyPost|UserID=Bean|Date=18 May 2008|Text=https://sa1.www4.irs.gov/irfof/IRServlet?app=IRACTC | ||
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Revision as of 19:05, 18 May 2008
Discussion Forum Index --> Tax Questions --> Another stimulus question
| 16 May 2008 | |
| This rebate is going to drive me crazy!
Client gets letter dated May 12 saying stiumuls will be coming May 9. No deposit so he calls me.
Thoughts? Thanks. | |
| 16 May 2008 | |
| Tell the client your rate is $___/hour. Ask him how many hours he would like you to spend chasing down his $300 stimulus payment. | |
| May 17, 2008 | |
| Or maybe he was one of 15,000 people who had their stimulus payments sent to the wrong accounts. | |
| 17 May 2008 | |
| I agree with UltraTax. His earned income is only $1,500. It needs to be about $1,500 higher to qualify for the rebate. | |
| May 17, 2008 | |
| I see where you're getting the $1,500, but we really don't have all of the facts here. Agreed, however, that if the only earned income is the W2 and Sched. C, then there would be no rebate. (I hope the IRS isn't sending out a bunch of letters to people who actually aren't going to get the rebate.) | |
Taxestaxes (talk|edits) said: | 17 May 2008 |
| I can tell you that this has been a nightmare for me and I will probably loose a lot of clients over this, because as aJdug. refers to charging for the hour, I have noted that and my clients get furious that I wont help them over this rebate.......They expect me to help for free!!!! Anyway, I have several people who I told wouldnt qualify and they are getting the min. $300 anyway. For instance, once couple, both retired, only draw a pension (1099r), according to IRS doesn not qualify, yet they got the $600. They call me, worried to death over this - Hey if you got it, its yours!!! Then I have tons of others who thought because they had a w2, over $3000 (most made around $20,000) they would get $600. Well, guess what, they have 2-3 kids, so no tax liability, they only get $300. Then I get the 20 calls about when will they get their rebate, they thought because they choose Rapid refund Direct deposit, the rebate would be too.....I can honestly say this has been more of a pain than its worth. I think I would gladly have given up my rebate just to not go thru what I have been thru these past several weeks!!!! | |
