[vvr]

I am on L1 Visa. I have been in US from July 15th 2008 to till date. I have SSN.My wife had SSN and EAD also. I heard Obama had announced $1000 return for

2008 tax payers apart from general tax returns. Is it correct? If so are we eligible ? And also please tell the process how to go through it and the form I have to submit to get this benefit.

Any help is appreciated.

[AtlantaTaxExpert]

President Obama has proposed some type of stimulus rebate similar to the one in 2007, but it has NOT YET been considered by Congress, much less made into law.

[vvr]

President Obama has proposed some type of stimulus rebate similar to the one in 2007, but it has NOT YET been considered by Congress, much less made into law.

Thanks a lot for the immediate reply. Can u please tell us if there r any benefits or rebate we can get for an L1 Visa holder staying for short term less than 8 months.

We have been in US from July 2008. We r not aware of any details regarding tax returns and refunds etc.

[AtlantaTaxExpert]

If you stay for LESS than one year, you have the option to deduct your daily living expenses as an itemized expenses, because your job is seen as a temporary job assignment by the IRS.

This can be quite a deduction if you are working and living in a high cost of living area like Los Angeles or New York City.