Taxpayers will soon learn how much money, if any, they'll get in
rebate checks from the government as official IRS notices hit the
mail.
On July 10, 2001, Congress approved funding for 91 million letters
stating the amount of individual checks. Democrats complained about
what they called the sweepstakes tone of the letter that credits
Congress and President Bush for 'long-term tax relief' and threatened
to kill the mailing.
But the impasse was finally broken and letters are expected to begin
arriving by July 15, 2001, or so. 'We anticipate that the notices
will be sent very shortly,' said Rob Nichols, deputy assistant
secretary of the U.S. Treasury Department, on July 10, 2001.
The Bush administration hopes that the letters prevent an avalanche
of calls to the Internal Revenue Service and help taxpayers avoid
confusion and anxiety - and scam artists - by telling them the exact
rebate amounts and when they might expect their checks.
Taxpayers not eligible for a rebate will get a letter saying that.
The first checks are to arrive in the week of July 23, 2001. They'll
be mailed through the end of September.
As always, PLEASE make sure you read and understand the fine print.
It wouldn't be taxes in America otherwise!
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