Whichever you prefer Carl, pm, email or open board. Ask away

 

That's because they are plagarizing the DE Chapters B/S thread.

Look what it did for NE.

 

i'll be the 1st to admit it's added to NY posts....lots more commies checking in to say hi now and then from east of NY.

 

What was you question Carl

 

ok.....i'm disabled getting SS. i got my SSA-1099 for 07. i also got one for Nancy because i sent back 3 checks after she died and SS determined i was entitled to keep 1 of them. that's the background.
i read on line that some SS recipients are entitled to a stimulus rebate if they received over $3000(i believe that was the total) but they had to file a return.
1)..have you seen the same????
2)..when/if i file, do i include the 1 check i got back in Nans name as part of my reciepts? i did the math and her amount wasn't part of the total on my 1099. her check was from '06 and i returned it right after she died in '06, but they sent it back to me in '07.
Her SSA-1099 came addressed -
Carl C...... O/A/O
Nancy C...
P O Box....

i hope you can make sence of this.

 

The short answer for you Carl,

1. You must file a return to get the rebate.
2. Only the income that is on the form 1099 SSA is your income. You would be filing as a single taxpayer for 2007.
3. In order to save a notice from the IRS, the form 1099 SSA for 2007 for Nan, which shouldn't have been sent that way, it should have been in your totals, I would add to your totals since it was their error in 2006.
4. The IRS has put out some "Frequently Asked Questions" and yes you do need at least $3,000 in total income to receive the rebate. Qualifying Income includes SSI even if not taxable.

 

Now here is the long answer from the IRS web site:

Stimulus Payments: Instructions for Low-Income Workers and Recipients of Social Security and Certain Veterans’ Benefits

FS-2008-16, February 2008

Some low-income workers and recipients of Social Security, certain veterans’ benefits and certain Railroad Retirement benefits may qualify for economic stimulus payments this year from the federal government.

In most cases, payments will range from $300 to $600 for individuals and $600 to $1200 for joint filers. Taxpayers may receive $300 for each qualifying child.

Most taxpayers do not need to take any extra steps to receive the payment beginning in early May.

But there are some exceptions.

Individuals who might not otherwise be required to file a 2007 tax return will need to file a return this year to receive the stimulus payment. The return must show at least $3,000 in qualifying income.

In other words, low-income workers who had at least $3,000 in earned income in 2007 but do not otherwise earn enough to be required to file a federal tax return need to file a return in order to get the stimulus payment. Likewise, Social Security recipients, veterans and retired railroad workers who might not otherwise need to file a tax return must do so to receive the economic stimulus payment.

Certain Benefits Count toward Qualifying Income

Normally, certain Social Security, Railroad Retirement benefits and certain veterans’ payments are not subject to income tax. However, the economic stimulus law passed in February contains a special provision allowing Social Security recipients and recipients of certain veterans’ benefits and certain Railroad Retirement benefits to count those benefits toward the qualifying income requirement of $3,000 and thereby qualify for the stimulus payment.

This means a taxpayer who had, for example, $500 in earned income and $2,500 in any combination of the benefits described above can count those benefit payments toward his or her qualifying income to reach the $3,000 earned income requirement, even though the individual would not otherwise owe taxes on such income.

For purposes of meeting the qualifying income requirement, the following benefits need to be reported in any combination on Line 20a of Form 1040 or Line 14a of the Form 1040A.


Social Security benefits reported on the 2007 Form 1099-SSA, which people would have received in January 2008. People who do not have a Form 1099 may estimate their annual Social Security benefit by taking their monthly benefit, multiplying it by the number of months during the year they received the benefits, and entering the number on Line 20a of Form 1040 or Line 14a of the Form 1040A. Supplemental Security Income (SSI) does not count as qualifying income for the stimulus payment.


Railroad Retirement benefits reported on the 2007 Form 1099-RRB, which recipients would have received in January 2008.


The sum of veterans’ disability compensation, pension or survivors’ benefits received from the Department of Veterans Affairs in 2007. People are allowed to estimate their annual benefit by taking their monthly annual veterans’ benefit, multiplying it by the number of months during the year they received benefits, and entering the number on Line 20a of Form 1040 or Line 14a of the Form 1040A.
People should note that Line 20a of Form 1040 and Line 14a of the Form 1040A are designated for Social Security. To qualify for the economic stimulus payments, these lines should also be used to include any qualifying Railroad Retirement or veterans’ benefits.

For Those Who Have Already Filed

Some recipients of the benefits described above may have filed a 2007 tax return reporting at least $3,000 in qualifying income. They do not need to do anything else. They will begin receiving their stimulus payments in early May.

Others may need to amend a previously filed tax return to include benefits to reach the $3,000 qualifying income level. Adding these benefits on an amended tax return will not increase an individual’s tax liability but will establish eligibility for the stimulus payment. Taxpayers can use IRS Form 1040X to amend a tax return in order to
qualify for the stimulus payment.

Free Tax Help Available

Individuals who need to file a return this year to receive a stimulus payment may be able to take advantage of thousands of free tax preparation sites nationwide for low-income and elderly taxpayers.

The Volunteer Income Tax Assistance (VITA) program provides help to low- and moderate-income taxpayers. Call 1-800-906-9887 to locate the nearest VITA site.

The Tax Counseling for the Elderly (TCE) Program provides free tax help to people age 60 and older. As part of the IRS-sponsored TCE Program, AARP offers the Tax-Aide counseling program at more than 7,000 sites nationwide during the filing season. To find an AARP Tax Aide site call 1-888-227-7669 or visit the AARP Web site.

Related Items:

Information on Stimulus Payments
Stimulus Payments: Answers to Frequently Asked Questions
How to Fill In Form 1040A

 

The web link to the above is here, http://www.irs.gov/irs/article/0,,id=179096,00.html

 

And then we hit others along the way...

 

FYI Carl if you go to the IRS website, you can file your return for FREE.

Check this out, http://www.irs.gov/efile/article/0,,id=118986,00.html

 

That's right Sean we set the bar, and the rest of FTE land is following our chapters lead. lol

 

those things were what i'd read. i just wasn't sure about the 1099 from Nans SS.
so as i read it... i need not report that $1000(from Nan) on the return i file...ASAP btw

 

That is in part of great team work from everyone....

 

I would include it only if you need it to reach the $3,000. If you don't then don't use it since that would be the only income in her social security no. for 2007.

I was thinking you needed it to reach the minimum income.

 

no...but i understand the question because i ask a question like the horse Tim was doing asking "what was that??"