OCR Text |
Show Vernal Express Wednesday, February 20, 2008 A9 Information available on IRS stimulus payments OLM releases Little Canyon Unit EA More Information on Stimulus Stimu-lus Payments Posted to IRS.gov; New Details for Recipients of Social So-cial Security, Veterans Benefits PHOENIX - - The Internal Revenue Service released additional addi-tional information today about the upcoming economic stimulus payments in a specially designed section for taxpayers on IRS. gov. The new information includes an extensive set of Frequently Asked Questions about the stimulus stim-ulus payments, with a special emphasis on recipients of Social Security and certain veterans' benefits. Millions of people in this group who normally don't file a tax return will need to do so this year in order to receive a stimulus payment. For recipients of Social Security Se-curity and certain veterans' benefits and low-income workers who don't normally need to file, the IRS also released a special -version of a Form 1040A that highlights the simple, specific sections of the return that can be filled out by people in these categories to qualify for a stimulus stimu-lus payment. "Most taxpayers just need to file a 2007 tax return in order to automatically receive the stimulus payment," said Acting IRS Commissioner Linda Stiff. "But we are especially concerned about recipients of Social Secu-. rity and veterans' benefits who may need to take special steps ' this year to file a tax return in order to obtain a stimulus payment.. pay-ment.. IRS.gov will help taxpayers taxpay-ers get what they need." The Frequently Asked Questions Ques-tions section -accessible through the front page of IRS.gov -- includes in-cludes an extensive set of information infor-mation for all taxpayers with questions about the stimulus payments, commonly referred . to as rebates. The questions and answers include important information infor-mation for low-income workers and certain recipients of Social Security, Railroad Retirement benefits and veterans' benefits. The special IRS.gov section also features extensive examples of how much taxpayers can expect to receive in stimulus payments. The page includes more than two-dozen payment scenarios affecting different types of taxpayers. IRS.gov will be updated "frequently to provide taxpayers with all they need to understand the stimulus payments. The IRS will begin sending taxpayers their economic stimulus stimu-lus payments in early May after the current tax season concludes. In most cases, the payment will equal the amount of tax liability on the tax return, with a maximum amount of $600 for individuals ($1,200 for married couples who file a joint return). Payments to more than 130 million mil-lion households will continue over several weeks during the spring and summer. A payment schedule for taxpayers will be announced in the near future on IRS.gov. The IRS reminds taxpayers when they file their 2007 tax return re-turn to use direct deposit, which is the fastest way to get both regular refunds and stimulus payments. However, taxpayers who use Refund Anticipation Loans (RALs) or enter into any other loan or financial agreement agree-ment with their tax professional cannot receive their stimulus payments by direct deposit and instead will get a paper check. The only way to receive a stimulus payment in 2008 is to file a 2007 tax return. The vast majority of taxpayers must take no extra steps to receive their stimulus payment beyond the routine filing of their tax return. No other action, extra form or call is necessary. Special Guidelines for Recipients Recipi-ents of Certain Social Security, Veterans and Railroad Benefits Certain people who normally are not required to file but who are eligible for the stimulus payment pay-ment will have to file a 2007 tax return. This includes low-income workers or those who receive Social So-cial Security benefits or veterans' disability compensation, pension or survivors' benefits from the Department of Veterans Affairs in 2007. These taxpayers will be eligible to receive a payment of $300 ($600 on a joint return) if they had at least $3,000 of qualifying income. Qualifying income includes Social Security benefits, certain Railroad Retirement benefits, certain veterans' benefits and earned income, such as income from wages, salaries, tips and self-employment. For taxpayers filing joint tax returns, only a total to-tal of $3,000 of qualifying income from both spouses is required to be eligible for a payment. The special version of the Form 1040A unveiled today on IRS.gov shows taxpayers in these groups the specific sections of the form they need to fill out to qualify for the stimulus payment. The mock-up is designed to be used as a guide for filling out an actual Form 1040A. "People who don't normally need to file have a roadmap on how to fill out the Form 1040A quickly and easily," Stiff said. "We encourage recipients of Social Security and veterans' benefits who don't normally need to file a tax return to use this mock-up of the form as a guide to help them get their stimulus payment." The Form 1040A illustration on IRS.gov shows the limited number of lines that will need to be filled out for recipients of Social Security, certain Railroad Rail-road Retirement and certain veterans' benefits. A key line is reporting their 2007 benefits on Line 14a of Form 1040A. The IRS reminds taxpayers they can also use Line 20a on Form 1040 to report these same benefits. In addition, taxpayers in these groups should write the words "Stimulus Payment" at the top ofthel040Aor 1040. For now, taxpayers in this group filing a tax return can only file a paper copy of the Form 1040 or Form 1040 A. The IRS is working work-ing to update its systems to accept ac-cept electronic versions of these limited-information returns for taxpayers who otherwise have no need to file a tax return. The IRS is also working with the software community to handle these returns electronically at a future date. The IRS also reminded taxpayers with Social Security, Railroad Retirement or veterans' benefits who have already filed but did not report their qualifying qualify-ing benefits on either Line 14a of Form 1040A or Line 20a of Form 1040 that they may need to file an amended return in some situations to receive a larger stimulus payment. Taxpayers who already have filed but did not report these ben- SEE STIMUSUS onA12 The Vernal Field Office of the Bureau of Land Management announces the public comment period for the Little Canyon Unit Environmental Assessment. The EA describes the potential impacts of a proposal to develop 510 natural gas wells from 362 well pads with associated production pro-duction facilities. The proposal, submitted by XTO Energy, Inc includes 77 miles of roads, 109 miles of pipelines (following new or existing roads), and the addition of 11,500 horsepower to an existing compressor. The project area encompasses a total of 33,241 acres and the proposal estimates surface disturbing activities could occur on about 5.7 percent (1,882 acres) of the entire project area, which includes BLM, State, private, and Reservation land in the Hill Creek and Willow Creek areas. A compact disk or hard copy of the document may be obtained from the BLM or available online on-line at http:www.blm.govutst en'fovernal'planning.html. The public is encouraged to submit comments on this EA. Comments should be as specific as possible, with references to page numbers and chapters. Comments that contain only opinions or preferences prefer-ences will not receive a formal response, but will be considered as part of the BLM decision-making process. Written comments will be accepted by fax, email or letter. Send all comments by March 19 to: Bureau of Land Management, ATTN: Stephanie Howard, 170 South 500 East, Vernal UT 84078. Fax: 435-781- 44 1 0, UTVernalCommentsC blm.gov Before including address, phone number, e-mail address or other personal identifying information in comments, be aware that the entire comment - including personal identifying information - may be made publicly pub-licly available at any time. While individuals may request the BLM withhold personal identifying information from public review, BLM cannot guarantee this information in-formation will be withheld. BLM will not consider anonymous comments. All submissions from organizations and businesses, and from individuals identifying themselves as representatives or officials of organizations or businesses, busi-nesses, will be available for public inspection in their entirety. 7i1 u M I .a n LSI, p n n n p r J L"tA L3 L -l L The States Only GMC 3 Consecutive Year GM . Mark of Excellence Award Winner Highest Customer Satisfaction Rating Top Positive Impact Rating in Customer Purchase & Delivery Satisfaction in Our Zone Nearly 10 acres of commercial and retail GMCs -1 " cr. f r r r- L i 1 r" n J i 'I i & Refrigeration. Inc. I IVtlllllg) JULM1 CP ' Baby, it's cold outside V i Let us keep your family warm this winter Furnace Inspection New Installations in Existing Homes Furnace Change Outs New Construction Gas log Stoves Service Work Ground Source Installation Residential Commercial Industrial Complete Service & Installation 435-722-5801 tntwvtiv floiw frit no gixi. Servicing the Uintah Basin & Surrounding Areas ft CJEW SIERRA' MEW S Ext. & Crew !RRA I MEW CAMY 1. r " - s 60 mnths - 4-j 3500IID. DURASV1AX Reg., Ext. ft Crew Cabs A. I OIK. 9 Stk 1 G25670A fill F26221A t w 100,000 5 yrs. transferable power train warranty, roadside assistance & courtesy transportation. EW YUKOB in "' in 1 II "" .l."H the ALL fJEW ICHfJIIl ft ' MEW DEMALI Stk. G25944A wactive fuel management I J SUVsti Pickups n t Li Nearly 100 used cars, trucks, vans and GMC certified vehicles. nrtn j L i La Li r J 1 ( r We Are professional grade is 725 W. 3300 S. 1 877h2S7b9i 'J a 1 1 i |