Comments for Leading Rich http://leadingrich.com Guide to Money, Investing and Personal Finance Wed, 07 Jan 2009 03:10:25 +0000 http://wordpress.org/?v=2.3 Comment on $168 Billion Stimulus Package Passed Through Congress Sent to President Bush by federal estate taxes http://leadingrich.com/2008/02/07/168-billion-stimulus-plan-passed-through-congress-sent-to-president-bush/#comment-143 federal estate taxes Fri, 21 Mar 2008 09:16:39 +0000 http://leadingrich.com/2008/02/07/168-billion-stimulus-plan-passed-through-congress-sent-to-president-bush/#comment-143 <strong>federal estate taxes</strong> Very interesting post. A little bit confusing, but still ok. federal estate taxes

Very interesting post. A little bit confusing, but still ok.

]]> Comment on 888-995-HOPE Funded by Big Banks to Help Troubled Homeowners by Accounting Financial Financial Success http://leadingrich.com/2007/12/07/888-995-hope-funded-by-big-banks-to-help-troubled-homeowners/#comment-142 Accounting Financial Financial Success Fri, 21 Mar 2008 06:08:00 +0000 http://leadingrich.com/2007/12/07/888-995-hope-funded-by-big-banks-to-help-troubled-homeowners/#comment-142 <strong>Accounting Financial Financial Success</strong> I can not agree with you in 100% regarding some thoughts, but you got good point of view Accounting Financial Financial Success

I can not agree with you in 100% regarding some thoughts, but you got good point of view

]]> Comment on 2008 Tax Rebate Update - Tax Returns Need To Be Filed by Leading Rich http://leadingrich.com/2008/02/26/2008-tax-rebate-update-tax-returns-need-to-be-filed/#comment-135 Leading Rich Mon, 17 Mar 2008 23:00:06 +0000 http://leadingrich.com/2008/02/26/2008-tax-rebate-update-tax-returns-need-to-be-filed/#comment-135 You are eligible if you had any type of income. So if you had $1 worth of interest income, you should file a return and will be eligible. You are eligible if you had any type of income. So if you had $1 worth of interest income, you should file a return and will be eligible.

]]> Comment on 2008 Tax Rebate Update - Tax Returns Need To Be Filed by Josh http://leadingrich.com/2008/02/26/2008-tax-rebate-update-tax-returns-need-to-be-filed/#comment-134 Josh Sun, 16 Mar 2008 20:38:00 +0000 http://leadingrich.com/2008/02/26/2008-tax-rebate-update-tax-returns-need-to-be-filed/#comment-134 I didn't file last year since I didn't make any money. Am I still eligible if I file this year? I didn’t file last year since I didn’t make any money. Am I still eligible if I file this year?

]]> Comment on 2008 Tax Rebate Update - Tax Returns Need To Be Filed by Leading Rich http://leadingrich.com/2008/02/26/2008-tax-rebate-update-tax-returns-need-to-be-filed/#comment-130 Leading Rich Fri, 14 Mar 2008 02:25:44 +0000 http://leadingrich.com/2008/02/26/2008-tax-rebate-update-tax-returns-need-to-be-filed/#comment-130 Sorry for the delay in the response as it is a very tricky question and the answer is not clear cut. According to the IRS, "Supplemental Security Income (SSI) does not count as qualifying income for the stimulus payment." http://www.irs.gov/newsroom/article/0,,id=179201,00.html But SSDI - Social Security disability Income is not specifically mentioned. The IRS says "Social Security retirement or disability benefits" are eligible. If you take the assumption that SSDI is the Social Security disability benefit, then you are eligible based on certain rules of how much. (this was also confirmed by calling the IRS at (800) 829-1040. You will need to file a 1040A form as stated by the IRS and let them determine eligibility and tax rebate amount. The form and instruction are available at http://www.irs.gov/pub/irs-pdf/k1040a3.pdf. The IRS has also setup a hot-line for the stimulus payment at (866) 234-2942, but not much information is available. Remember to write "STIMULUS PAYMENT" at the top of the return and your social security number and definitely don't forget to sign it. Also according to the IRS, if you have not filed a 2006 tax return, they will be sending you information about the stimulus and instructions. But you know how the IRS is. GOOD LUCK and YES People collecting SSDI benefits Quality, but will be based on the IRS formula's. Sorry for the delay in the response as it is a very tricky question and the answer is not clear cut. According to the IRS, “Supplemental Security Income (SSI) does not count as qualifying income for the stimulus payment.”

http://www.irs.gov/newsroom/article/0,,id=179201,00.html

But SSDI - Social Security disability Income is not specifically mentioned.

The IRS says “Social Security retirement or disability benefits” are eligible. If you take the assumption that SSDI is the Social Security disability benefit, then you are eligible based on certain rules of how much. (this was also confirmed by calling the IRS at (800) 829-1040. You will need to file a 1040A form as stated by the IRS and let them determine eligibility and tax rebate amount. The form and instruction are available at http://www.irs.gov/pub/irs-pdf/k1040a3.pdf.

The IRS has also setup a hot-line for the stimulus payment at (866) 234-2942, but not much information is available.

Remember to write “STIMULUS PAYMENT” at the top of the return and your social security number and definitely don’t forget to sign it. Also according to the IRS, if you have not filed a 2006 tax return, they will be sending you information about the stimulus and instructions. But you know how the IRS is.

GOOD LUCK and YES People collecting SSDI benefits Quality, but will be based on the IRS formula’s.

]]> Comment on 2008 Tax Rebate Update - Tax Returns Need To Be Filed by Walter D. Wormack http://leadingrich.com/2008/02/26/2008-tax-rebate-update-tax-returns-need-to-be-filed/#comment-129 Walter D. Wormack Wed, 12 Mar 2008 20:14:56 +0000 http://leadingrich.com/2008/02/26/2008-tax-rebate-update-tax-returns-need-to-be-filed/#comment-129 Do people who collect SSDI benefits qualify for this rebate? Do people who collect SSDI benefits qualify for this rebate?

]]> Comment on 2008 Tax Rebate Update - Tax Returns Need To Be Filed by Walter D. Wormack http://leadingrich.com/2008/02/26/2008-tax-rebate-update-tax-returns-need-to-be-filed/#comment-128 Walter D. Wormack Wed, 12 Mar 2008 20:13:33 +0000 http://leadingrich.com/2008/02/26/2008-tax-rebate-update-tax-returns-need-to-be-filed/#comment-128 Let me apologize in advance for bothering you with this. I am 52 years old. And I am disabled. In the building I live in there has been a lot of discussion of this alledged 'economic stimulus' rebate. I don't think I qualify for this rebate because I haven't filed a tax return sine 1984. I've been receiving SSDI since 1989 (back dated to 1986). Look, let's just cut to the chase! Do people who are collecting SSDI benefits qualify for this 'rebate'? Let me apologize in advance for bothering you with this. I am 52 years old. And I am disabled. In the building I live in there has been a lot of discussion of this alledged ‘economic stimulus’ rebate.

I don’t think I qualify for this rebate because I haven’t filed a tax return sine 1984. I’ve been receiving SSDI since 1989 (back dated to 1986).

Look, let’s just cut to the chase! Do people who are collecting SSDI benefits qualify for this ‘rebate’?

]]> Comment on $168 Billion Stimulus Package Passed Through Congress Sent to President Bush by The Federal Housing Administration Fha http://leadingrich.com/2008/02/07/168-billion-stimulus-plan-passed-through-congress-sent-to-president-bush/#comment-126 The Federal Housing Administration Fha Wed, 12 Mar 2008 06:36:11 +0000 http://leadingrich.com/2008/02/07/168-billion-stimulus-plan-passed-through-congress-sent-to-president-bush/#comment-126 <strong>The Federal Housing Administration Fha</strong> Your blog makes very interesting reading. I'm sure others will think so too I look forward to reading their comments. The Federal Housing Administration Fha

Your blog makes very interesting reading. I’m sure others will think so too I look forward to reading their comments.

]]> Comment on 2008 Tax Rebate Update - Tax Returns Need To Be Filed by blues519@gmail.com http://leadingrich.com/2008/02/26/2008-tax-rebate-update-tax-returns-need-to-be-filed/#comment-125 blues519@gmail.com Fri, 07 Mar 2008 05:05:19 +0000 http://leadingrich.com/2008/02/26/2008-tax-rebate-update-tax-returns-need-to-be-filed/#comment-125 on social security! was not required to file 2007. do i need to do what for 2008 stimulus? on social security! was not required to file 2007. do i need to do what for 2008 stimulus?

]]> Comment on 1-888-995-HOPE Spells Mortgage Bailout for Option Arm Homeowners by Leading Rich http://leadingrich.com/2007/12/06/1-800-995-hope-spells-mortgage-bailout-for-option-arm-homeowners/#comment-124 Leading Rich Thu, 06 Mar 2008 21:07:45 +0000 http://leadingrich.com/2007/12/06/1-800-995-hope-spells-mortgage-bailout-for-option-arm-homeowners/#comment-124 You may want to try this book. <iframe src="http://rcm.amazon.com/e/cm?t=leadi-20&o=1&p=8&l=as1&asins=1598695118&fc1=000000&IS2=1&lt1=_blank&lc1=0000FF&bc1=FFFFFF&bg1=FFFFFF&f=ifr" style="width:120px;height:240px;" scrolling="no" marginwidth="0" marginheight="0" frameborder="0"></iframe> You may want to try this book.

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