Economic stimulus payment BS!!

[Rand0m0sityxX]

Is there a date on the letter?

And do you remember about what day you dropped your taxes in the mail?

So, I didn't owe anything in taxes this year. Big deal. Apparently the gov has set something up where I can get $600 extra just to help out the economy, yay!

I currently have a defaulted loan for school that I lost track of back a few years ago and I'm finishing up (on the last 1 week of) a "loan rehabilitation" program which takes 9 months total, or I was told anyways.

I was told by my adviser that since I didn't owe this year, I could file late and still get all the money from my refund and my stimulus payment mailed to me and I would receive it in full, just as long as the timing was right.

So I thought I timed all this ish right when I get a notice in the mail (only 1 week after I mailed the taxes ) saying that my refund is going to be captured by the US Dept. of Education for the loan I have just almost finished rehabilitating the status of!!

They also say they are going to mail out the stimulus payment in 1 week and its too soon! Why the **** should I have topay $600 to the gov when I am already in the clear?!?

The IRS lady on the phone says it takes 4 weeks to process the fact that I am now a good little taxpayer instead of a burden on the state, and apparently its going to cost me $911 since they are slow as molasses when it comes to other peoples money.

**** the IRS. I'm never paying taxes again.

[Dattebayo]

What was that middle thing again?

I should've guessed. You're doing this as a gag. Thanks.

[RCA]

Well I have a similar story.

I applied for my stimulus check and I was all set to source some parts for my JZ swap and I was going R154 shopping...

Then I get my letter in the mail, I owe $86 to the govermentThen I receive $40 bucks from the state.

Then a few months pass and no stimulus check.So I call up and I found out that because I am filed as a dependent I don't receive the check...

I am a full-time college student & work full-time.I waste gas, pay for books, school ect...And no, the goverment spits in my face!

This swap is never going to happen

[dusred]

There was recently a case where a dude was found not guilty for not paying his Income Tax because he proved to the Court that the Income Tax system was unconstitutional. I'll find you a link to the story if you'd like.

Meanwhile, Dave, You'll just have to stick to this kind of stimulus package:

http://www.youtube.com/watch?v=FwJduPtCvSM

[Dattebayo]

I found out that because I am filed as a dependent I don't receive the check...

If you're filed as dependent, go demand the extra $300 your folks got for claiming you.

Is there a date on the letter?

And do you remember about what day you dropped your taxes in the mail?

Yeah, the date on the letter was 09/12, it was literally 10 days ago when I mailed them. Insane! The IRS doesn't even say they process things in that short of a time.

So I file the one week that the gov decides to put out the good coffee.

[Repo Man]

Moved to the Politics Forum.

[Sentientbydesign]

Why are you whining about a stimulus check for?

The stimulus check is an "advance" on next year's return. If you had no tax liability this year, will you next year? Will you have enough of a return to make up for the stupid $600?

My wife and I were supposed to get $1200. I guess she didn't make enough last year and they only send $600. I'm not

[Red coupe]

I guess you didn't read what I posted then.

From what I read you took out loans, didn't pay attention to paying them back, defaulted, did a bad job reading up on how this tax refund works then took the advice of a single person with out doing your own research then got mad when the government took money you were in debt for.

What I miss?

I guess the moral of the story is don't take out loans you can't afford, and pay back loans when you take them out?

[Dattebayo]

I took this particular loan out when I was 18, i didn't know any better then. I'm not complaining about the loan, its about the fact they are taking my money when I am not in default anymore. Its supposed to take 4-6 weeks to process information, this time it took 7 business days.

I did say this already.THAT is why i say read. Jesus christ!

[Rand0m0sityxX]

hmmm.. well i was going to say the letter came first, but with that date it came after.. I didn't even know they could do that so fast! =/

If your clear, and they take it, once it shows your clear they should refund it back to you.. I'd keep paperwork showing your clear and you should have received your money, and if they don't send it once they know then you can go after them for it.

If you're filed as dependent, go demand the extra $300 your folks got for claiming you.

Yeah, the date on the letter was 09/12, it was literally 10 days ago when I mailed them. Insane! The IRS doesn't even say they process things in that short of a time.

So I file the one week that the gov decides to put out the good coffee.

[Dattebayo]

If your clear, and they take it, once it shows your clear they should refund it back to you.. I'd keep paperwork showing your clear and you should have received your money, and if they don't send it once they know then you can go after them for it.

Nope. Here's the deal, now stay with me because it gets complicated...

The loan is with the US Dept. of Ed.The rehabilitation program is with a third party

This is how I get the US Dept. of Ed. to take the loan back under their wing for less hassles and how I can take the interest on the defaulted loan and payments to the rehab company off for next years refund It's a minor trick, but legal.

Now the way it works with federal money is that if you are issued any federal check and you have a loan in default (and thus outstanding interest due), the amount you owe is automatically taken out of the check, or the check as a whole if you owe more.

But if you only have the principal of the loan leftover, then no amount is removed and you get your check payed in full.

I just got out of default, filed my taxes in time to make the deadline for the stimulus and IRS decided to do things lickedy-split before they got official notice of the loan going out of default. I did call and they knew I was out, but they didn't have all the I's dotted yet so they took the money anyway.

I am pissed because the IRS always takes their time for everything, and this time they knew but still decided to send my money elsewhere anyways.

Is there anything I have missed explaining yet?

[Sentientbydesign]

Their systems are electronically connected. The funds instructions were probably set to pay the default already if any money popped up. Because you were in default and just recently paid the debt, their systems probably didn't register it in time, OR maybe the third party screwed up.

Either way, this stupid check is a loan. Why is everybody bitching about it?

[Dattebayo]

their systems probably didn't register it in time

Bingo. They sure didn't waste any time getting the money out of me, but when they owe me, it takes 6-8 weeks.

Either way, this stupid check is a loan. Why is everybody bitching about it?

Because I was laid off last week and still have bills to pay. Its not cheap to live near DC.

[Rev_D21]

Actually if one reads the back of the Stimulus check letter you will find that it says you will not be required to claim it in your 2008 income. It's a loan from China to the USandA but we do nothing after we get it. Believe me I checked.

[smockers83]

Well, if you have one week left and are still in rehab, you're still in default. Just be glad they aren't taking your wages.

[S13_love]

Either way, this stupid check is a loan. Why is everybody bitching about it?

Because the government pretty much gave us $600 and that money is just going to be used to pay off debts...therefore having little or no effect on the economy

And yes i have read somewhere, a while back, that income taxes were unconstitutional (our government not following the constitution..who knew?) and the reason why that income tax thing came about (please correct me if im wrong) is it was suppose to help pay for the civil war back then...and it was only meant to be temporary

[Dattebayo]

Well, if you have one week left and are still in rehab, you're still in default. Just be glad they aren't taking your wages.

I meant I had one week left when I mailed the taxes.

Its not my fault, dammit. Would it really hurt you to read and try to comprehend the whole issue? If everything is electronic, why can't it simply be posted that way and it gets done faster? hmm...?

[Urabus GodofTraction]

Kind of. But it was never technically ratified following the correct procedure. There's alot of stuff around about it.

You're going to have to do better than that. It was ratified by forty something states. Do you have a solid source I can review?

There was recently a case where a dude was found not guilty for not paying his Income Tax because he proved to the Court that the Income Tax system was unconstitutional. I'll find you a link to the story if you'd like.

Do it. I'm extremely doubtful... There's been a case where the complexity of the tax law has come under scrutiny, but unconstitutional? That's a huge charge...

****. I've posted in the politics forum.

[Dattebayo]

You're going to have to do better than that. It was ratified by forty something states. Do you have a solid source I can review?

What do you want, the arm of the senator that proposed it? This is BS asking me to get info when you can perfectly well go look for yourself if you want to. I didn't start that topic. Nor does it really matter to me. I'm like Mel Gibson in Paycheck.

[smockers83]

I currently have a defaulted loan for school that I lost track of back a few years ago and I'm finishing up (on the last 1 week of) a "loan rehabilitation" program which takes 9 months total, or I was told anyways.

I meant I had one week left when I mailed the taxes.

Its not my fault, dammit. Would it really hurt you to read and try to comprehend the whole issue? If everything is electronic, why can't it simply be posted that way and it gets done faster? hmm...?

I read the whole thing, don't worry. Would it hurt for you to be a lot more clear? You said you are currently in default and you have one week left today. How else am I supposed to comprehend/interpret that? You have multiple people telling you that you aren't being very clear. Hint, maybe?

[Dattebayo]

Since no one cares to read the whole thread for my changes, I edited the first thread.

Sorry for the confusion. Apparently in this forum you have to have every damn word correct in every post.

[Urabus GodofTraction]

What do you want, the arm of the senator that proposed it? This is BS asking me to get info when you can perfectly well go look for yourself if you want to. I didn't start that topic. Nor does it really matter to me. I'm like Mel Gibson in Paycheck.

Translation: you've got no idea.

Make a statement, be prepared to back it up when asked.

[S13_love]

Translation: you've got no idea.

Make a statement, be prepared to back it up when asked.

Translation: I dont know how to use !

It's an excellent site to find info., be prepared to use it.

[fayceoff]

I'm like Mel Gibson in Paycheck.

The movie was 'PayBACK'. 'Paycheck' was with Ben Affleck and sucked balls. Sorry for your tax troubles, though, bro.

[SmithSR]

?

That's where he shot the alligator luggage and the suits were worth more than the amount of money Porter was seeking? James Coburn was GREAT in that scene!

Great Film!

Edit: hmm, politics forum, hmm.

[fayceoff]

That's the one! You're right - it is a great film.

[Urabus GodofTraction]

Translation: I dont know how to use !

It's an excellent site to find info., be prepared to use it.

[Cold_Zero]

***Edited for clarity and sanity***

So, I didn't owe anything in taxes this year. Big deal. Apparently the gov has set something up where I can get $600 extra just to help out the economy, yay!

I *had* a defaulted loan for school that I lost track of back a few years ago and I was finishing up (on the last 1 week of) a "loan rehabilitation" program which takes 9 months total, or I was told anyways.

I was told by my adviser that since I didn't owe this year, I could file late and still get all the money from my refund and my stimulus payment mailed to me and I would receive it in full, just as long as the timing was right.

So I thought I timed all this ish right when I get a notice in the mail (only 1 week after I mailed the taxes ) saying that my refund is going to be captured by the US Dept. of Education for the loan I had just almost finished rehabilitating the status of!! *(at the time of mailing the letter I mean)*

They also say they are going to mail out the stimulus payment in 1 week and its too soon! Why the **** should I have topay $600 to the gov when I am already in the clear?!?

The IRS lady on the phone says it takes up to 4 weeks to process the fact that I am now a good little taxpayer instead of a burden on the state, and apparently its going to cost me the full $911 ($311 refund + $600 stimulus) since they are slow as molasses when it comes to other peoples money.

**** the IRS. I'm never paying taxes again.

Modified by Dattebayo at 12:30 AM 9/16/2008

Dattebayo,Quite simple, when the IRS ran your information to determine your eligibility, even if you were on your 9th payment for your Rehab Program, you still show up in NSLDS (National Student Loan Data System) as being as being such. You are not technically 'in the clear' until you have made your 9th payment and the loan is sold to a servicer. Then your guarantor cleans up your credit and your status.

It looks like you just got stuck in some bad timing. I would be thankful that you are nearly 'Rehab'ed' as I can tell you people who dont pay back their federal student loans can get ****ed by a whole host of people. Also, the Rehab Program use to take 12 on time payments (instead of 9) and you use to not be able to pay ahead to get close to the 12 payment. Now you can pay ahead and have it count towards your nine on time payments.bud

[Cold_Zero]

Nope. Here's the deal, now stay with me because it gets complicated...

The loan is with the US Dept. of Ed.The rehabilitation program is with a third party

This is how I get the US Dept. of Ed. to take the loan back under their wing for less hassles and how I can take the interest on the defaulted loan and payments to the rehab company off for next years refund It's a minor trick, but legal.

Now the way it works with federal money is that if you are issued any federal check and you have a loan in default (and thus outstanding interest due), the amount you owe is automatically taken out of the check, or the check as a whole if you owe more.

But if you only have the principal of the loan leftover, then no amount is removed and you get your check payed in full.

It's called bringing the loan current or as we call it curing (cures) the loan. There are a whole host of ways to cure a loan. Having your Tax Refunds and Economic Stimulus checks taken to do it doesn't seem like that smart of a 'trick.' Especially since collection fees, forbearance fees, capitalized interest and other fees all gets rolled into the balance of your loan.

Quote »I just got out of default, filed my taxes in time to make the deadline for the stimulus and IRS decided to do things lickedy-split before they got official notice of the loan going out of default. I did call and they knew I was out, but they didn't have all the I's dotted yet so they took the money anyway.

I am pissed because the IRS always takes their time for everything, and this time they knew but still decided to send my money elsewhere anyways.

Is there anything I have missed explaining yet?[/quote]The IRS did their eligibility determination well before any stimulus checks (via ACH) were sent out. They were under no obligation to wait for you to get your finances in order so that they could cut you a check.

I would be happy that Uncle Sam paid $600 towards your Student Loans and didn't send it to Pakistan to buy some crazy ridiculous part for an aged F-16.bud

[Sentientbydesign]

Let's clarify a few things.

OP, your post have been vaguer than Jacko3's description of his "little nissan" up until late. Intelligent, chronological posts are necessary if you want somebody to lend their shoulder to you to cry on. Otherwise STFU.

Regarding the unconstitutional Federal Income Tax. I have read about this too. I guess there were 2 or 3 states that needed to give their ok in order to ratify the new Tax. They never did and now people try to use that as a loophole to get around paying FIT.

http://en.wikipedia.org/wiki/Tax_protesters

There is enough info in the first 2 paragraphs to give you a taste of what I'm talking about.