FYI::Tax Rebate
 

Hi all .. I've been watching some of the reports from the IRS and people have been asking me about this ... just want to clarify - they will be sending out checks .. and --->>> you will be reporting this as income for 2008!

this is from the following IRS webpage:
http://www.irs.gov/newsroom/article/...179095,00.html

"Most taxpayers will receive two notices from the IRS. The first general notice from the IRS will explain the stimulus payment program. The second notice will confirm the recipients’ eligibility, the payment amount and the approximate time table for the payment. Taxpayers will need to save this notice to assist them when they prepare their 2008 tax return next year."

Thanks for the info, Vonn!
So, does this mean we're borrowing from ourselves this year, and have to pay taxes on it again NEXT year?