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.

Should I Include a Dependent's Income on My Tax Return?

It may be easier and less expensive to include dependents' income on your tax return rather than have them file their own return—in certain circumstances.

Read More

Brought to you by TurboTax.com

Great Ways to Get Charitable Tax Deductions

Generally, when you give money to a charity, you can use the amount of that donation as an itemized deduction on your tax return. However, not all charities qualify as tax-deductible organizations. While there are many types of charities, they must all meet certain criteria to be classified by the IRS as tax-deductible organizations. There are legitimate tax-deductible organizations in many popular categories, such as those listed below.

Read More

Brought to you by TurboTax.com

Tax Tips After January 1, 2019

TurboTax gives you ten tax saving tips for the new year. Find strategies to lower taxes, save money when preparing your tax return, and avoid tax penalties.

Read More

Brought to you by TurboTax.com

Should You and Your Spouse File Taxes Jointly or Separately?

Married couples have the option to file jointly or separately on their federal income tax returns. The IRS strongly encourages most couples to file joint tax returns by extending several tax breaks to those who file together. In the vast majority of cases, it's best for married couples to file jointly, but there may be a few instances when it's better to submit separate returns.

Read More

Brought to you by TurboTax.com
Read Full Story