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.