Ask Experts Questions for FREE Help !
Ask
    ramangireddy's Avatar
    ramangireddy Posts: 1, Reputation: 1
    New Member
     
    #1

    Feb 9, 2009, 08:47 AM
    About Recovery rebate credit
    Hi,

    I was working in USA since 2 years on valid SSN.Last year I did my tax returns with my wife.she is on H4 visa,so we have applied for her ITIN with IRS.We didn't get any stimulous checks as she didn't have valid SSN in 2007.In 2008 we had baby boy[US Citizen] and now we are looking for some help in filling my tax returns.

    Am I supposed to get any recovery rebate credit this year if so how?[My wife still on H4 visa,she had ITIN]

    Best Regards
    Ram
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #2

    Feb 23, 2009, 02:37 PM
    Ram:

    Sorry, but as long as your wife has that ITIN, you are NOT eligible for any credit or rebate if you file jointly.

    However, the following procedure will allow you to get the Recovery Rebate Credit, and has been the course of action suggested by the IRS.

    1) File as Married Filing Separately for 2008. Your wife, having no income, does NOT have to file.

    2) You will get your reduced refund about six weeks after you file, but it includes the Recovery Rebate Credit of $600.

    3) Once you get the refund, you then amend your 2008 tax return to file jointly with your wife to add your wife's personal exemption and to double your standard deduction from $5,450 to $10,900.

    4) Once the amendment is mailed, you will get the refund about 6-8 weeks after mailing the amendment via a check from the IRS.

    It is up to you to decide whether the $600 Recovery Rebate Credit is worth the trouble the above process entails.
    punchabuggy's Avatar
    punchabuggy Posts: 4, Reputation: 1
    New Member
     
    #3

    Apr 3, 2009, 03:27 PM
    Quote Originally Posted by AtlantaTaxExpert View Post
    Ram:

    Sorry, but as long as your wife has that ITIN, you are NOT eligible for any credit or rebate if you file jointly.

    However, the following procedure will allow you to get the Recovery Rebate Credit, and has been the course of action suggested by the IRS.

    1) File as Married Filing Separately for 2008. Your wife, having no income, does NOT have to file.

    2) You will get your reduced refund about six weeks after you file, but it includes the Recovery Rebate Credit of $600.

    3) Once you get the refund, you then amend your 2008 tax return to file jointly with your wife to add your wife's personal exemption and to double your standard deduction from $5,450 to $10,900.

    4) Once the amendment is mailed, you will get the refund about 6-8 weeks after mailing the amendment via a check from the IRS.

    It is up to you to decide whether the $600 Recovery Rebate Credit is worth the trouble the above process entails.

    I am wondering your suggestion is applied to Economic Stimulus Payment (ESP),


    Economic Stimulus Payment Q&As: Taxpayer Identification Numbers


    But I can't similar answer about that Recovery Rebate Credit (CCR) is no need to return


    Questions and Answers about the Recovery Rebate Credit

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

ITIN State Tax and Recovery Rebate [ 4 Answers ]

I am filling my returns for 2008 as married filing jointly and wife on H4, who came in July 2008. I am on H1b visa. In order to file federal taxes I need to file by paper 1040 along with W-7 so that the IRS will fill the ITIN number and mail it to me. A ) Now what happens with the State file?...

Recovery Rebate Credit - NR 2007, Resident 2008 [ 26 Answers ]

Hello I filed Federal Income Taxes as a non resident in tax year 2007 (1040NR). I will be filing as a resident for tax year 2008 using form 1040 (I pass the substantial presence test). Furthermore, I will be filing married filing joint since I got married on Dec 24, 2008. I have an SSN. My...

Recovery rebate credit (1040) - first time 1040 filer [ 2 Answers ]

Dear tax experts, I have been an international grad student since fall 2003, and I have already filed 1040NR 5 times and this is my first time to file 1040 form. The line 9 asks whether I am qualified to get Recovery rebate credit ($600) or not. So I just want to make sure if I am qualified....

Recovery Rebate Credit [ 5 Answers ]

Hi, I (H1 with SSN) arrived in US in March 2008, for the first time on H4 without SSN. Am I eligible for Recovery Rebate Credit? IRS is asking for SSN for my wife, to get this credit.. First time coming to US will not effect to claim for Recovery Rebate Credit? Thanks, Sumit

NJ property tax credit and homestead rebate [ 1 Answers ]

Hi, I live and work in New Jersey and I live as a tenant in an apartment complex. Am I eligible for the Property tax deduction/credit and/or the homestead rebate? How do I know if the property tax is being deducted from the rent? Also, do the entries NJSUI, NJSDI and WF/HC in the box 14 of the W2...


View more questions Search