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Most Stimulus Payments Made
The IRS has indicated that by the end of July most payments will have been made for taxpayers who filed their 2007 tax returns by the April 15 unextended due date.
Those filing after the April 15 due date should not expect to receive their rebate payment for a minimum of six weeks after they file. Payments are made by automatic deposit if the return was filed electronically or by check sent to the address used on the 2007 tax return.
If you moved after filing your return, the check will most likely be sent to your old address unless your 2007 return was filed with the new one. If that is not the case, you should file a change of address using the IRS Form 8822. Otherwise, your check may be returned to the IRS as undeliverable.
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Disclaimer: The tax advice included in this newsletter is an overview of some complex tax rules and is not intended as a thorough in-depth analysis of the tax issues discussed. Do not act on the information included in this newsletter without first determining how these issues apply to your particular set of circumstances and if there are any special tax laws or regulations that might apply to your situation.
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