jmcgready.com

• ISBN13: 9780470597224
• Condition: New
• Notes: BRAND NEW FROM PUBLISHER! BUY WITH CONFIDENCE, Over one million books sold! 98% Positive feedback. Compare our books, prices and service to the competition. 100% Satisfaction Guaranteed

Product Description
America’s number one bestselling and most trusted tax guide offers the best balance of thoroughness, organization, and usability For over half a century, more than 39 million Americans have turned to J. K. Lasser for easy-to-follow, expert advice and guidance on planning and filing their taxes. Written by a team of tax specialists, J. K. Lasser’s Your Income Tax 2011 includes all the outstanding features that have made this book the nation’s all-time top-selling tax guide. As an added value, you can gain direct access to dozens of bonuses through jklasser. com, including links to the latest tax forms from the IRS, up-to-the-minute tax law changes, small business help, and much more. The book o. . . More >>

J.K. Lasser’s Your Income Tax 2011: For Preparing Your 2010 Tax Return

Technorati Tags: 2010, 2011, filing income tax, Income, income tax guide, income tax return, IRS, J.K., Lasser's, Preparing, Return, small business income tax

here’s some more specific filing information on tax rebates for
those who recieve Railroad Retirement benefits
or VA benefits (disability, pension, or survivor’s benefits)

As always, watch out for tax rebate scams

From irs.gov
via the Lancaster Eagle Gazette

Free Tax Help Available

Individuals who need to file a return this year to receive a stimulus payment
may be able to take advantage of thousands of free tax preparation sites nationwide
for low-income and elderly taxpayers.

The Volunteer Income Tax Assistance (VITA) program
provides help to low- and moderate-income taxpayers.

Call 1-800-906-9887 to locate the nearest VITA site.

The Tax Counseling for the Elderly (TCE) Program provides
free tax help to people age 60 and older.

As part of the IRS-sponsored TCE Program,
AARP offers the Tax-Aide counseling program at more than 7,000 sites nationwide
during the filing season.

To find an AARP Tax Aide site call 1-888-227-7669
or visit the AARP Web site.

Certain Benefits Count toward Qualifying Income

Normally, certain Social Security,
Railroad Retirement benefits
and certain veterans’ payments
are not subject to income tax.

However, the economic stimulus law passed in February
contains a special provision allowing Social Security recipients
and recipients of certain veterans’ benefits
and certain Railroad Retirement benefits
to count those benefits toward the qualifying income requirement of $3,000
and thereby qualify for the stimulus payment.

This means a taxpayer who had, for example, $500 in earned income
and $2,500 in any combination of the benefits described above
can count those benefit payments toward his or her qualifying income
to reach the $3,000 earned income requirement,
even though the individual would not otherwise owe taxes on such income.

For purposes of meeting the qualifying income requirement,
the following benefits need to be reported in any combination
on Line 20a of Form 1040
or Line 14a of the Form 1040A.

• Social Security benefits reported on the 2007 Form 1099-SSA,
  which people would have received in January 2008.

  People who do not have a Form 1099 may estimate their annual Social Security benefit
  by taking their monthly benefit,
  multiplying it by the number of months during the year they received the benefits,

  and entering the number on Line 20a of Form 1040
  or Line 14a of the Form 1040A.

• Supplemental Security Income (SSI) does not count as qualifying income for the stimulus payment.
• Railroad Retirement benefits reported on the 2007 Form 1099-RRB,
  which recipients would have received in January 2008.
• The sum of veterans’ disability compensation, pension or survivors’ benefits
  received from the Department of Veterans Affairs in 2007.

  People are allowed to estimate their annual benefit by taking their monthly annual veterans’ benefit, multiplying it by the number of months during the year they received benefits,
  and entering the number on Line 20a of Form 1040
  or Line 14a of the Form 1040A.

People should note that
Line 20a of Form 1040
and Line 14a of the Form 1040A
are designated for Social Security.

To qualify for the economic stimulus payments,
these lines should also be used to include any qualifying
Railroad Retirement or veterans’ benefits.

Technorati Tags: IRS, low income tax rebate, money, railroad pensions va benefits, railroad retirement tax prep, railroad retirement tax preparation, Railroad Retirement tax rebate, SSI tax rebate eligibility, tax rebate scams, va disability tax rebate, VA pension tax rebate, VA survivor tax rebate

photo credit: meyshanworld

This is especially key for college students
who aren’t claimed as dependents by their parents.

I found this out when my mom,
who normally doesn’t file as she is on Social Security,
had me check this out for her -

now I’m glad i did
Read the rest of this entry »

Technorati Tags: 1040A, 1040a for rebate, 2008 rebate checks senior citizens, do college student get the tax rebate check, do College Students get rebate checks, economic stimulus checks, IRS, joint returns tax rebate, low income tax rebate, rebate checks, senior citizen tax rebate, stimulus checks students eligible, stimulus refund, student tax rebate, tax rebate, us stimulus refund, va disability tax rebate