03-26-2008, 09:02 AM
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pixie of the wood
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Join Date: Apr 2004
Posts: 10,575
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where did you hear that gg? i had wondered the same thing and thought it would be pretty bogus indeed so i did some digging and found this - "the 2008 stimulus payment will not reduce your refund or increase the amount you owe when you file your 2008 return." (according to the irs website)
and as for owing on your 2007 return, i've read on the same IRS website that you should file and pay as normal. do not wait because penalties and interest will accrue. the rebate is not set to go out til after may and taxes are due by april 15
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