About Taxes: Still Time to Claim Your Stimulus Rebate

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	from William Perez The IRS released some new statistics about the economic stimulus rebate. Some 5.2 billion retirees have not yet claimed their rebate, which amounts to about $1.5 billion sitting in Treasury coffers looking for a home.
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Claiming the Stimulus Rebate The good news is that retirees can fill out a simplified tax form to retrieve their stimulus check from the IRS. Social Security recipients and disabled veterans will just need to send in a 1040A showing their benefits.              More Topics Housing Assistance Tax Act Tax News and Commentary Finding a Tax Preparer Lower Your Taxes Dealing with Tax Debts Which Tax Form to File? Amended Return Foreclosures Can Trigger Two Types of Taxes We've been hearing from more and more people in the tax forum who have lost their homes. What makes situation so odd, is that state lending laws often determine how much federal tax will be paid. How a loan will be treated for tax purposes depends on whether it's a recourse or a nonrecourse loan   New Law Changes the Rules for Selling Your Home A new tax law that will take effect on January 1, 2009, has already prompted some taxpayers to ask about strategies for selling their homes. For people who have only one home and plan to live it, the new law won't change anything. You'll still get to exclude up to $500,000 in capital gains. But some taxpayers need to have a second home or rent out their house for awhile, and it's those properties that are going to get hit with increased taxes.     Sponsored Links   Back to School Tips for Students, Parents and Teachers. Get the house, the school, and the kids ready for the new school year with shopping tips, recipe ideas, homework help and more!

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