» IRS NEWS ~ Senate Passes $1.35 Trillion Reconciliation Tax Bill (II)»
--------------------------

===> TOPIC: The Rebate Checks

Anticipating the passage of this Bill, IRS started getting ready to get us these rebate checks months ago. It's a huge process - just think of the amount of paper alone! (Tax Wire article)

IRS says, "Do nothing. The checks will come to you."

TaxMama says, "If you haven't filed your tax return yet - get it done NOW. That way, there's a better chance of getting your rebate checks by September."

Our goal is to complete ALL our clients' returns by the end of the first extension - July 15th.

So, if you get your material to your tax pro right away, I'll be s/he will be happy to provide the same service for you.

===> TOPIC: Highlights of the Tax RELIEF Act

The high points are here:

They will be updated over the weekend. Meanwhile, at the bottom of the page, you will find a link to a more detailed analysis of the changes, year by year, as they come into play.

Published TaxMama.com 6/1/01 ~ Courtesy IRS