Rebates - Round 2

[JohnH]

Pelosi says there's talk of another round of rebates.

--> " We will be proceeding with another stimulus package, and we once again hope we will work in a bipartisan way," she said after House Democratic leaders met with a group of economists to discuss the spreading housing crisis and rising energy prices. <---

Is everybody ready to gear up for this?

If there are two rounds of rebates in the same tax year, think of all the excitement during this off-season, not to mention Jan 1, 2009 when we're trying to sort this out on the 2008 returns....

http://www.bloomberg.com/apps/news?pid=206...refer=worldwide

[joanmcq]

God help us.

[Mel in Hawaii]

Weren't they already talking about trying to do a stimulus for businesses, not individuals this time?

[jainen]

>>two rounds of rebates<<

I don't think it's possible because, according to an email I got from a client on extension, "I heard the Fed ran out of stimulus money so we are out of luck on that."

(I replied that it didn't matter because unless he can come up with another 200,000 in deductions, his income is too high anyway.)

[JohnH]

They ran out of stimuls money already?

Darn! I knew it was a mistake to file that extension.

[BulldogTom]

Weren't they already talking about trying to do a stimulus for businesses, not individuals this time?

Cool, all of us will get up on the stimulus payment in a hurry if we can get it for our businesses - dontcha think?

Tom

Lodi, CA

[bigdadder]

STIMULUS----STIMULI----- Hopefully we'll all get a piece of the pie.....