...And Now For An Important Message From Your Friendly Neighborhood I.R.S
Posted By Blackfive • [February 28, 2008]
We need to spread the word on this message far and wide.
Bottom-line: military members (who don't have to file a return for 2007 due to combat pay exclusions from taxes) will not get the economic stimulus package payment unless they file a return (even for zero payment or zero pay back).
Here's the message:
The IRS is trying to get the word out to everyone who
might not have a requirement to file a tax return that the only way to receive a
stimulus payment is to file a 2007 return.
addition to reaching out the the retired veterans, did you know that a
soldier/sailor/airmen/marine who normally
is not required to file a return because their only income consists of
excludable combat pay, may be eligible for a stimulus payment? If the excluded combat pay amount is at
least $3,000 they must file a tax return to receive a stimulus payment. The
excluded combat pay would be reported on Line 40b of Form 1040A. Using this line
on the form is an election to treat the nontaxable combat pay as earned income
for EITC purposes, which may also help provide tax refunds on the original
return filing for some combat soldiers. The soldier would usually be
eligible for the minimum payment of $300, plus $300 for a spouse on a joint
return. Each qualifying child would add another $300 to the total payment. See
the sample Form 1040A on the IRS Web site for how the soldier (or other folks
who normally do not file a tax return) would file to get a stimulus payment http://www.irs.gov/pub/newsroom/1040a.pdf They should elect direct deposit to
get their stimulus payment the quickest way possible.
Former Paratrooper and Army Officer, "Blackfive" started this blog upon learning of the valorous sacrifice of a friend that was not reported by the journalist whose life he saved. Email: blackfive AT gmail DOT com
Retired Special Operations Master Sergeant, Jim Hanson ("Uncle Jimbo") is now focused on writing about the military, politics, intelligence operations and foreign policy. Email: jimbo AT unclejimbo DOT com
Writer, photographer, and raconteur C. Blake Powers is the Laughing Wolf. He is independent in politics and covers topics including journalism, military, weapons, preparedness, space, science, cooking, food and wine, product and book reviews, and even spirituality. Email: wolf1 AT laughingwolf DOT net Laughing Wolf's Amazon Wish List
Bill Paisley, otherwise known as Pinch, is a 22 year (ongoing) active and
reserve naval aviator. He blogs over at www.instapinch.com on a veritable
cornucopia of various and sundry items and will bring a tactical naval
aviator's perspective to Blackfive. Readers be warned: any comments of or
about the F-14 Tomcat will be reverential and spoken in low, hushed tones.
Email: wpaisley AT comcast DOT net
Mr. Wolf has over 26 years in the Army, Army NG, and USAR. He’s Airborne with 5 years as an NCO, before becoming an officer. Mr. Wolf has had 4 company commands. Signal Corp is his basic branch, and Public Affairs is his functional area. He recently served 22 straight months in Kuwait and Iraq, in Intel, PA, and senior staff of MNF-I. Mr. Wolf is now an IT executive. He is currently working on a book on media and the Iraq war. Functional gearhead.
In Iraq, he received the moniker of Mr. Wolf after the Harvey Kietel character in Pulp Fiction, when "challenges" arose, they called on Mr. Wolf...
Email: TheDOTMrDOTWolfAT gmail DOT com
Deebow is a Staff Sergeant and a Military Police Squad Leader in the Army National Guard. In a previous life, he served in the US Navy. He has over 19 years of experience in both the Maritime and Land Warfare; including deployments to Southwest Asia, Thailand, the South Pacific, South America and Egypt. He has served as a Military Police Team Leader and Protective Services Team Leader and he has served on assignments with the US State Department, US Air Force Security Police, US Army Criminal Investigation Division, and the US Drug Enforcement Administration. He recently spent time in Afghanistan working with, training and fighting alongside Afghan Soldiers and is now focused on putting his 4 year Political Science degree to work by writing about foreign policy, military security policy and politics.
McQ has 28 years active and reserve service. Retired. Infantry officer. Airborne and Ranger. Consider my 3 years with the 82nd as the most fun I ever had with my clothes on. Interests include military issues and policy and veteran's affairs.
Email: mcq51 -at - bellsouth -dot- net
Tantor is a former USAF navigator/weapon system officer (WSO) in F-4E Phantoms who served in the US, Asia, and Europe. He is now a curmudgeonly computer geek in Washington, DC, picking the taxpayers pocket. His avocations are current events, aviation, history, and conservative politics.
Twenty-three years of Active and Reserve service in the US Army in SF (18B), Infantry and SOF Signal jobs with operational deployments to Bosnia and Africa. Since retiring he's worked as Senior Defense Analyst on SOF and Irregular Warfare projects and currently ensconced in the emerging world of Cyberspace.
Major Pain --
A Marine who began his blog in Iraq and reflects back on what he learned there and in Afghanistan. To the point opinions, ideas and thoughts on military, political and the media from One Marine’s View. Email: onemarinesview AT yahoo DOT com
Uber Pig was an Infantryman from late 1991 until early 1996, serving with Second Ranger Battalion, I Corps, and then 25th Infantry Division. At the time, the Army discriminated against enlisted soldiers who wanted use the "Green to Gold" program to become officers, so he left to attend Stanford University. There, he became expert in detecting, avoiding, and surviving L-shaped ambushes, before dropping out to be as entrepreneurial as he could be. He is now the founder of a software startup serving the insurance and construction industries, and splits time between Lake Tahoe, Boonville, and San Francisco, CA.
Uber Pig writes for Blackfive a) because he's the proud brother of an enlisted Civil Affairs Reservist who currently serves in Iraq, b) because he looks unkindly on people who make it harder for the military in general, and for his brother in particular, to succeed at their missions and come home in victory, and c) because the Blackfive readers and commenters help keep him sane.
COB6 spent 24 years in the active duty Army that included 5 combat tours with service in the 1st Ranger Battalion and 1st Special Forces Group . COB6 was enlisted (E-7) and took the OCS route to a commission. COB6 retired a few years back as a field grade Infantry officer.
Currently COB6 has a son in the 82nd Airborne that just returned from his third tour and has a newly commissioned daughter in the 4th Infantry Division.