Comments on: How do I report the stimulus check I received on my taxes? http://www.2009stimuluscheck.info/how-do-i-report-the-stimulus-check-i-received-on-my-taxes.html Tax Rebate & Money Matters Sun, 06 Jun 2010 11:02:33 -0500 http://wordpress.org/?v=2.8.6 hourly 1 By: sidney J http://www.2009stimuluscheck.info/how-do-i-report-the-stimulus-check-i-received-on-my-taxes.html/comment-page-1#comment-1168 sidney J Sun, 11 Apr 2010 12:02:12 +0000 http://www.2009stimuluscheck.info/how-do-i-report-the-stimulus-check-i-received-on-my-taxes.html#comment-1168 no ..my tax cut software just tossed it no ..my tax cut software just tossed it

]]> By: hrblockerrolquinn http://www.2009stimuluscheck.info/how-do-i-report-the-stimulus-check-i-received-on-my-taxes.html/comment-page-1#comment-1167 hrblockerrolquinn Sun, 11 Apr 2010 11:47:27 +0000 http://www.2009stimuluscheck.info/how-do-i-report-the-stimulus-check-i-received-on-my-taxes.html#comment-1167 Dear SJ: The IRS form 1040 line 70 is the rebate recovery amount from last year that you did not get. This line on most Americans return is zero because they got it all last year. In order to know if line 70 is zero you must use a worksheet and enter your stimulus payment on that worksheet to calculate any additional amount due to you this year. You are not being taxed on last years payment. This advice was prepared based on our understanding of the tax law in effect at the time it was written as it applies to the facts that you provided. Click on my profile to read more. Errol Quinn Enrolled Agent Master Tax Advisor Dear SJ: The IRS form 1040 line 70 is the rebate recovery amount from last year that you did not get. This line on most Americans return is zero because they got it all last year. In order to know if line 70 is zero you must use a worksheet and enter your stimulus payment on that worksheet to calculate any additional amount due to you this year. You are not being taxed on last years payment.

This advice was prepared based on our understanding of the tax law in effect at the time it was written as it applies to the facts that you provided. Click on my profile to read more. Errol Quinn Enrolled Agent Master Tax Advisor

]]> By: TONI http://www.2009stimuluscheck.info/how-do-i-report-the-stimulus-check-i-received-on-my-taxes.html/comment-page-1#comment-1166 TONI Sun, 11 Apr 2010 11:09:54 +0000 http://www.2009stimuluscheck.info/how-do-i-report-the-stimulus-check-i-received-on-my-taxes.html#comment-1166 YES BECAUSE THEY ASKED YOU BUT IF THEY DON'T THEN HEY...DO YOU!!! YES BECAUSE THEY ASKED YOU BUT IF THEY DON’T THEN HEY…DO YOU!!!

]]> By: rtfm http://www.2009stimuluscheck.info/how-do-i-report-the-stimulus-check-i-received-on-my-taxes.html/comment-page-1#comment-1165 rtfm Sun, 11 Apr 2010 10:47:54 +0000 http://www.2009stimuluscheck.info/how-do-i-report-the-stimulus-check-i-received-on-my-taxes.html#comment-1165 You don't need to. It's not taxable income. Some of the online tax prep sites are asking people how much they got for the stimulus last year -- but that's only so they can make sure you got what you were supposed to, and so they can make it up to you this year if you didn't get it last year. You don’t need to. It’s not taxable income.

Some of the online tax prep sites are asking people how much they got for the stimulus last year — but that’s only so they can make sure you got what you were supposed to, and so they can make it up to you this year if you didn’t get it last year.

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