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October 15, 2008, is the deadline to file your 2007 IRS tax return if you applied for and received an extension last April. It is also the deadline to claim your economic stimulus check.

If you are a retiree or disabled veteran and you normally don’t file a tax return, you must file a tax return to qualify for your $300 check (you also receive $300 for each qualifying child you have).

If you are a retiree or disabled vet, you must have at least $3,000 in qualifying income from earned income, nontaxable combat pay or certain benefits from Social Security, Veterans Affairs and Railroad Retirement.

Qualifying income from Social Security includes retirement, disability and/or survivor benefits. Qualifying income from Veterans Affairs includes disability compensation and/or pension and/or survivor benefits. Dependents or those eligible to be dependents on someone else’s tax return are not eligible for an economic stimulus payment.

To qualify for your payment you also must have a valid Social Security Number unless your spouse is a member of the military.
The IRS can’t give out any economic stimulus payments after Dec. 31, 2008. However, if you are eligible for an economic stimulus payment, you can claim a credit in 2009 by filing a 2008 income tax return.

If you have filed your 2007 tax return but who have not received your economic stimulus payment, you can check on the status of your check by going to the IRS.gov Web site and clicking on the link entitled: “Where Is My Economic Stimulus Payment.”

Remember, you must file your tax return by October 15. And in this economy, couldn’t you use an extra few hundred dollars?

Discover if you qualify to have your taxes e-filed for FREE. Visit http://efile.123easytaxfiling.com

It is a safe, secure and easy way to file many of your Federal tax forms, as well as many state returns.

Death and Taxes: Benjamin Franklin said that the only two things we can be sure of are death and taxes. Each day, Taxpayers all across America are discovering just how true that statement is. If you’re behind on your taxes, it’s only a matter of time before the IRS catches up to you. And if you think the debt is the most of your worries, you probably haven’t even thought about the penalties and interest.

Penalties and Interest? If you are late filing, each month that passes tacks on an interest rate of 5%. That can rise up to 25%. Interest for unpaid taxes is 6% per year. That can add up very quickly, especially when you don’t file. In the IRS Hitman business, I’ve seen people with $50,000 dollars of tax debt that started at about $3000 dollars. If you don’t keep up to date with filing, your situation can jump from bad to worse almost instantly. But what happens if you’re already there?

Between a Rock and a Hard Place: You may already be dealing with a situation like this. Maybe you missed a few years of filing. Maybe you knew you were going to owe and you didn’t have the money to pay so you just didn’t file. But whatever the reason, you’ve fallen into a world of trouble. The best thing for you to do in this situation is to get help.

The Best Help: If you feel like you penalties and interest are unjust, you may qualify for penalty abatement. This is a program that the IRS offers that can remove a portion of the penalties and interest, as long as you can prove that you had a “reasonable cause” to not pay them. These include natural disaster, serious illness to family member, death of a family member, and more.

Who Can I Trust? If you need assistance getting this issue resolved, you’ll probably hear from several tax resolution companies. Picking someone to handle something as delicate as your finances is never easy. Some companies out there are built on empty promises. You need a company built on experience, knowledge, and integrity. Before doing anything with a company, check them out with the Better Business Bureau and Dun and Bradstreet.

Crunch Time: With interest and penalties, time is everything. You need to get your tax issue resolved as soon as possible. It’s not going to go away. So don’t be afraid to get the help you need. It’s about time you got back to living a normal, debt-free life.

Now you have the smoking gun…Use it!

Richard Close was an IRS-Hitman. He worked as a revenue officer for the IRS and his father was the head of the collections branch for 30 years; so it runs in the family. He left that behind and now he’s partnered with Tax Defense Network to help thousands of Americans with their tax problems. He gives the tips and tricks for you to fight the IRS and win! Visit him at: http://irs-hitman.blogspot.com or http://www.taxdefensenetwork.com, or contact: email irs-hitman@taxdefensenetwork.com or 1-888-248-9058.

Busy, Busy, Busy: Always tired. Nurses are known for working very long hours. With so little free time, it’s very hard for nurses to get all their bills paid on time. It’s no surprise then, that Nurses and others in the medical field are often in debt to the IRS. But what happens when the IRS decides to get their money back no matter what?

Bye Bye, Paycheck! Nurses often work overtime. They sometimes have big paychecks. And the IRS will not hesitate to seize them! The IRS cannot take your whole paycheck (although they wish they could.) But the IRS can seize up to 75% of your pay. In addition to that horror, Wage Garnishments are ongoing. The IRS will take a percentage of your paycheck until your debt is paid.

Frozen: Goodbye, hard-earned savings! If a busy nurse forgets to pay Uncle Sam, she’ll be up for a rude awakening. The IRS has the power to freeze your bank account. You’ll have a mere 21 days to call the IRS and set something up. When time’s up, the IRS will seize all the money in your bank account. It’s not going to be easy to convince the IRS not to seize your cash. You had ample warning, and now the IRS wants the money.

Friendly Warning: As a former IRS Hitman, I know how relentless the IRS can be. I didn’t if I was calling a Nurse, a Surgeon, or Dentist. They usually had the money to pay and even if it was by force- I made sure they paid that money back. So what can a Nurse do when she owes the IRS and has no time to set up payments?

Step up to the plate: Obviously, the first step is to pay your IRS Debt on time. But if it’s too late for that, an Installment Agreement is a good option for a Nurse or anyone in the medical field. An Installment Agreement allows you to pay your IRS debt off by paying monthly. But it’s very hard to qualify for this program. You will have to list everything about your finances in detail and prove that you’ll go without basic needs (foods, clothing, work supplies, housing, transportation.) if you pay your bill in a lump sum.

Debt Free: It’s hard. When you call the IRS, they will want to discuss only one thing. And that’s when and how you’re going to make a payment in full. You may need the help of a Tax Professional. A good Tax Professional can negotiate with the IRS and set up a fair payment plan. With that out of the way, you’re one step closet to being IRS Debt Free. You’ll be able to concentrate on the thing you like. Helping people get well.

Now You Have The Smoking Gun…Use it!

Richard Close was an IRS-Hitman. He was a revenue officer who took out anyone that owed the IRS money. He left that behind and now helps thousands of Americans beat Uncle Sam and save thousands of dollars. The IRS-Hitman can help you with your tax debt problems. He has partnered with Tax Defense Network to offer free advice and tips on removing wage, bank, and tax levies; and arms you with the skills to slash your tax debt. Visit at: http://www.irs-tax-levy-hq.com Contact: http://www.taxdefensenetwork.com or call 1-888-248-9058