Kerry M. Kerstetter, CPA (referred to as The Tax Guru by other CPAs around the country) helps capitalists, investors & small business owners win the tax game. See www.TaxGuru.org for much more detailed info.
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Tax Guru-Ker$tetter Letter
Thursday, September 04, 2008
Recovery Rebate Credit Worksheet
As we have discussed quite a bit, there is a lot of confusion over how the rebates will be handled on the 2008 tax returns, both for people who receive checks and for those who don't.
IRS has just released this draft of the instructions for the 2008 1040. On pages 18 and 19 are the rebate credit worksheets for computing the amounts to enter on Line 70 of the 1040.
From the 9/1/08 draft of the 2008 1040 form:
(Click on image for full size)
I used my trusty SnagIt program to create the following images of these worksheets.
Part 1 from Page 18:
(Click on image for full size)
Part 2 from Page 19:
(Click on image for full size)
Labels: Rebates
- posted by Kerry M. Kerstetter, MBA~CPA~ATP~ATA @ 9/04/2008 01:24:00 PM Send this post:
