- Days left

I am so sick of hearing about the economic stimulus checks, also dubbed tax rebate checks. Our government has been doing its level best to spend many billions of dollars on this endeavor. In addition to the $150 billion or more that is projected to be sent out, the IRS spent millions to send out letters to everyone and create advertisements about the program. They wanted to make sure that no one missed out on their check.

Does it come as any surprise that some people still haven't filed a 2007 tax return, and therefore haven't gotten a check? That's the biggest catch. You have to file (even if you have no income) in order to cash in.

The IRS is so worried about all these people who didn't file their returns even though the IRS thinks they would be eligible for a check. And they want to spend more taxpayer money sending another letter to those people. Honestly, who in this country hasn't heard about the checks and how you get one? They literally must never watch television, listen to the radio, open a newspaper, or have any contact with civilization.

Those who don't know yet that they could get a check deserve to not get one. Stay informed, or miss out, I say. If they didn't get the hint from that first letter they got, why waste more money to send out a second letter?

Tracy L. Coenen, CPA, MBA, CFE performs fraud examinations and financial investigations for her company Sequence Inc. Forensic Accounting, and is the author of Essentials of Corporate Fraud.


Increase your money and finance knowledge from home

Building Credit from Scratch

Start building credit...now.

View Course »

Understanding Credit Scores

Credit scores matter -- learn how to improve your score.

View Course »

TurboTax Articles

What is a 1098-E: Student Loan Interest

If you're currently paying off a student loan, you may get Form 1098-E in the mail from each of your lenders. Your lenders have to report how much interest you pay annually. Student loan interest can be deductible on federal tax returns, but receiving a 1098-E doesn't always mean you're eligible to take the deduction.

Amending Your Income Tax Return

What if you've sent in your income tax return for a previous year and then discover you made a mistake? You can make things right by filing an amended tax return. And, don't think an amended return will automatically cost you money; it's perfectly okay to change a return to capture a tax break you missed the first time around.

How to File Taxes with IRS Form 1099-MISC

If you receive tax form 1099-MISC for services you provide to a client as an independent contractor and the annual payments you receive total $400 or more, you'll need to file your taxes a little differently than a taxpayer who only receives regular employment income reported on a W-2.

Add a Comment

*0 / 3000 Character Maximum