MUST file a 2007 tax return to get rebate

[gbroiles]

Right, VA disalibility is not "normally" a line 20a item.

However, as far as software is concerned, there is always the override button we can use to include any amount we want to put on the return.

My software (TAxwise) allows direct entry of SS benefits without any kind of worksheet.
Only if one has federal withholding must one resort to use of the worksheet.

I have Lacerte and Drake - Lacerte will let me override the value in 20b, but I can't figure out how to do that in Drake. (This is my first tax season with Drake so I'm not exactly a wizard.) In both cases, I'm wary of accepting the results too quickly, because of the special treatment that SS benefits get in calculating AGI, etc. If those are the only numbers on the return, then I guess there's no harm done.

I didn't try E-filing because I don't have a good test candidate lined up yet.

[JenMO]

Confused

Senior citizens who only have SS and some interest, not required to file, should file now to qualify for rebate? Some also have a small pension, does that qualify them, too. I file for seniors to get their property tax credit from the state, should I have been filing a federal just for the sake of the rebate? More extra work for probably the same money? I still need some clarification.

[BP.]

should I have been filing a federal just for the sake of the rebate?

Yes

More extra work for probably the same money?

More work means more $, right?

[Larmil]

Senior citizens who only have SS and some interest, not required to file, should file now to qualify for rebate? Some also have a small pension, does that qualify them, too. I file for seniors to get their property tax credit from the state, should I have been filing a federal just for the sake of the rebate? More extra work for probably the same money? I still need some clarification.

Not much more work. If you e-file you can file the federal and the MO PTS. Mo PTC must be paper filed. I do charge more money for the Fed and the PTS. If they wanted free they would have went to TCE etc.

[Oxtrainer]

Rebate

How would it work to make up a mail in on the software and write in the Gross SS and
in the rright column put a zero? Think that would work? Any Idea about that? Of
course that would be if the condition was non taxable. If part were taxable only the
gross amount would be written in. Assuming this client has additional earnings, interest and dividends, I
forgot to mention that.

[JenMO]

to Larmil

I haven't been efiling the MO pts. How do you verify tax receipt and assessor's certification on parcels over 5 acres?
Also on these people, only SS, by filing are they really going to get the rebate. I want to tell them correctly. On the ones I've already sent out MO PTC. Do you think I could just efile the Federal now?
ARe most practitioners going to wait and do the redos after 4-15? Will that be too late?
I've already had so many clients with so many questions that I don't know how to answer.

[Larmil]

I haven't been efiling the MO pts. How do you verify tax receipt and assessor's certification on parcels over 5 acres?
Also on these people, only SS, by filing are they really going to get the rebate. I want to tell them correctly. On the ones I've already sent out MO PTC. Do you think I could just efile the Federal now?
ARe most practitioners going to wait and do the redos after 4-15? Will that be too late?
I've already had so many clients with so many questions that I don't know how to answer.

To people who don't do MO the PTS and PTC is a form for seniors (among others) to get a credit on their real estate tax. There are other states with similar forms.


Last year I efiled my PTC clients with a PTS and federal so they would get the telephone tax rebate. I kept the paperwork with the 8879.

[Black Bart]

Yes.

How would it work to make up a mail in on the software and write in the Gross SS and in the rright column put a zero? Think that would work?

The U.S. Treasury press release link posted earlier on this thread by KBTS addresses this question.