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Answered 2008-05-10 04:02:44

And you will pay it to the trustee.

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Do you have to pay taxes on the 2008 stimulus tax rebate checks?

No, the rebate check is an advance payment of a 2008 tax credit. The money is actually a portion of the refund or payment applied to the taxes you will file in 2009. Therefore as it is a refund check it is not taxable income.


Will you have to pay back the stimulus tax rebate?

"no its a gift from the government and not taxed. YET LOL" THIS IS NOT TRUE. We had our taxes done yesterday, and the stimulus amount was deducted from our return total. You DO have to pay it back. It was a LOAN.


2009 stimulus rebate checks?

The government has talked about another stimulus payment. However that is different that what you are hearing about now during tax time.The 08 stimulus payment was estimated of your 07 taxes. However, since it was a payment in 08, it is actually based upon your 08 taxes. Therefore you might have gotten the right amount, too much or too little.If you got too much, don't worry the IRS wont ask for it back. A reason that perhaps you didn't get enough is because you had a baby in 08. Obviously your 07 taxes didn't show that and when you do your 08 taxes you possibly will get a credit called "recovery rebate credit" added to your refund.You should get the recovery rebate credit in 8-15 days after you file your taxes. If you selected a rapid refund option, than you will get your refund, minus the rebate credit, through the rapid refund option and you will get the rebate check in 8-15 days.


Do we Pay taxes on stimulus check?

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Has anyone received their tax rebate early than it was scheduled?

Yes!! if you filed your taxes and will be receiving a refund via your checking account you will receive your stimulus check early...I did.


If you file your taxes late can you still receive the stimulus rebate check?

Yes, but it must be filed by the extension date (October 15).


You just got a letter saying that you owe from 2004 Will you get a rebate check?

Probably not, or not the entire amount. Stimulus payments will be kept to pay overdue taxes and other debts to the government.


When will I get tax rebate check?

The government has talked about another stimulus payment. However that is different that what you are hearing about now during tax time.The 08 stimulus payment was estimated of your 07 taxes. However, since it was a payment in 08, it is actually based upon your 08 taxes. Therefore you might have gotten the right amount, too much or too little.If you got too much, don't worry the IRS wont ask for it back. A reason that perhaps you didn't get enough is because you had a baby in 08. Obviously your 07 taxes didn't show that and when you do your 08 taxes you possibly will get a credit called "recovery rebate credit" added to your refund.You should get the recovery rebate credit in 8-15 days after you file your taxes. If you selected a rapid refund option, than you will get your refund, minus the rebate credit, through the rapid refund option and you will get the rebate check in 8-15 days.


If you had your taxes electronically funded does this mean your rebate will be done same way?

Yes. If you elected Direct Deposit on your income tax return, your stimulus check will also be direct deposited into the same account.


If you owe taxes do you still get a rebate?

only if the rebate amount is greater than the amount owed. you will get back the difference


How do you claim rebate on house insulation?

It`s not a rebate, it is a tax credit. So you have to wait until you file your taxes.


Do you qualify for a refund if the only source of income is social security?

If you had taxes withheld from your Social Security payments or you made other payments such as estimated tax payments, you may be owed a refund. If you did not claim the stimulus rebate last year or your rebate was less than the maximum, you may be owed a refund.


Is paying taxes a duty or a responsibility?

is paying taxes a duty or a responseibility


Do we pay taxes on 250.00 social security stimulus check?

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If you owe IRS and back child support do yo get the rebate check?

If I owe back child support money, will the IRS hold my refund or delay my refund? Yes. The Bureau of Fiscal Service (BFS) might delay or offset your refund to pay your debt. For child support tax refund concerns, contact your debt agency to determine if it submitted your tax debt for a tax refund debt offset.


Will you get a tax stimulus for 2008 taxes?

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What was the law for not paying taxes in England?

the law for not paying taxes in England was jail.


Can you get a rebate for the taxes you paid when visiting Florida?

I'm sorry but there is no such of a tax rebate for any taxes paid in Florida. The taxes you paid in Florida consist of sales taxes, motel/hotel taxes, and all of these are higher because the state of Florida has no income tax of their own so they hit the tourist and you aren't getting it back.


How do hairdressers get away with not paying taxes?

They should be paying the taxes they are due to pay and if they are not doing this then they will eventually be caught, the back taxes will be collected and they will be punished for not paying the taxes due.If you believe someone is committing a criminal offence you should report this to the police.


If you filled your taxes after April 15th will still get a stimulus check?

Pretty sure the only requirement to get the stimulus check is you have to file taxes for last year 2007.


Is paying Taxes a responsibility or a duty?

Taxes are a mandatory responsibility.


If you owe 2007 taxes have filed set up payments will you still receive stimulus rebate?

Yes...it sounds as if your in complete compliance with an agreed payment plan. You lose nothing (except perhaps the slight added cost/interest change) for being on one.


How did Incas pay taxes?

The Incas payed their taxes by paying taxes on the land they worked on.


What does the word stimulus in taxes form mean?

this means to be suprised


If you go to jail for not paying taxes do you still owe the taxes when you get out?

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