Q. I received a package from the IRS regarding the Economic Stimulus Payment. They instructed me to complete the Form 1040A and send it in. I already filed my 2007 tax return. Do I still do this?
A. No. The IRS used the social security database to send out the letter to remind social security recipients that they may be eligible even if they were not required to file in the past. Some social security recipients have traditionally filed tax returns to report other sources of income as well. Just ignore the notice if you have already filed or plan to file the 2007 tax return.
Tomorrow on "Your Financial Choices" - A discussion on Charitable Contributions with Mary Ann Stover of Foundation Source. Tune into NEWSTALK AM 790 WAEB or online at www.WAEB.com
IRS Circular 230 Disclosure: To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. federal tax advice contained in this communication, including any attachments, is not intended or written to be used, and cannot be used, for the purpose of 1. avoiding penalties under the Internal Revenue Code or 2. promoting, marketing, or recommending to another party any transaction or matter addressed herein.
Securities offered through Valley National Investments, Inc. - an independent broker/dealer and member FINRA and SIPC.
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