One more way to waste taxpayer money

The Internal Revenue Service has just announced that they will waste $42 million to send notices to people about the tax rebate checks which will be mailed in May. What will the notices say? That checks are going to be mailed in May. So it's going to cost 32 cents per letter to print, process and mail. And then there will be a separate mailing with a separate price tag that will go to people who didn't file tax returns for 2007, but who might otherwise qualify for a rebate check.

Yikes. I'm sorry, but if people don't know by now that the federal government is going to be issuing these checks as a part of the economic stimulus plan, they deserve to be left in the dark. You can't watch a news program, log onto the internet, or read a newspaper without hearing some reference to the rebate checks. Anyone who is unaware of the checks clearly hasn't been in regular communication with the rest of the society.


Democrats are saying the letters are a publicity stunt by the administration. The administration says that the letters are intended to explain how the rebate checks will work. They say that they don't want taxpayers to be confused, so the letters will explain when the checks are going out and that taxpayers must file a 2007 tax return in order to receive one (if they're eligible).

I say it's a complete waste of money. What are news outlets for? It doesn't sound like these letters are giving any detailed information anyway, so they have little real value to most taxpayers.

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.

States with the Highest and Lowest Taxes

Where you live can help or hinder your ability to make ends meet. A myriad of taxes—property, license, state and local sales, property, inheritance, estate and excise taxes on gasoline—eat away at your disposable income. Weighing the tax landscape against your financial picture lets you stretch your dollars.

Read More

Brought to you by TurboTax.com

Top 5 Reasons to Adjust Your W-4 Withholding

Common lifestyle changes, like getting a job or getting married, can change your tax liability. To avoid being caught off guard by an unexpected tax bill or huge tax refund, you'll need to adjust your withholdings on your paycheck.

Read More

Brought to you by TurboTax.com

Fatten Your Paycheck and Still Get a Tax Refund

If you usually get a tax refund, but would like to start putting more money in your pocket every month, we can help. Yes, you still have to fill out a W-4 form. But we've developed a quick and easy guide to assist you.

Read More

Brought to you by TurboTax.com

9 Things You Didn't Know Were Tax Deductions

Few realizations are more painful than realizing that you forgot to include a tax deduction that would have lowered your tax bill or increased your tax refund on your tax return. Here are some tax deductions that you shouldn't overlook.

Read More

Brought to you by TurboTax.com
Read Full Story
Your resource on tax filing
Tax season is here! Check out the Tax Center on AOL Finance for all the tips and tools you need to maximize your return.