Welcome Guest. Register Now!  

LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 05-30-2008, 10:58 AM
TaxGuru's Avatar
Tax Guru
Join Date: Jan 2007
Location: New Jersey, USA
Posts: 2,401
Blog Entries: 3
Which taxpayers would not qualify to get a stimulus payment?

A frequently asked question is "Which taxpayers would not qualify to get a stimulus payment?" Per the IRS laws, taxpayers will not get a stimulus payment in 2008, if any of the following situations apply:

1. A taxpayer who has not filed a 2007 tax return.

2.The taxpayer's net income tax liability is zero and the taxpayers qualifying income is less than $3,000.

(To determine a taxpayers qualifying income, add together the wages, net self-employment income, nontaxable combat pay, Social Security benefits, certain Railroad Retirement benefits and certain veterans’ payments).

3. The taxpayer can be claimed as a dependent on someone else’s return.

4. If either the taxpayer or the spouse do not have a valid Social Security Number.

5. Either the taxpayer or his or her spouse are a nonresident alien.

6. The taxpayer has filed any one of the following tax return forms in 2007, that is;

a. Form 1040NR
b. Form 1040NR-EZ
c. Form 1040PR
d. Form 1040SS

Find a CPA near you!

Ask TaxGuru Please refer to the legal disclaimer.

Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
IRS tax rebate stimulus payment schedule Samatg General 0 05-09-2008 05:09 PM
IRS issues a consumer alert regarding the Economic Stimulus Payment. TaxGuru For 2008 0 04-30-2008 05:38 PM
Why some taxpayers will not receive their full anticipated stimulus payments? TaxGuru For 2008 0 04-30-2008 05:31 PM
What are the Payment Schedule for the Tax Stimulus Payments? TaxGuru For 2008 0 04-30-2008 05:28 PM
Combat Pay Can Count toward Economic Stimulus Payment Eligibility TaxGuru For 2008 0 03-24-2008 06:34 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 » Income
 » IRA/Sep
 » Medical
 » Payroll
Forum for CPAs
Financial Planning

» Recent Tax Q&A
No Threads to Display.