By BILL SANDERSON
June 16, 2008
If you've got kids and paid a tax pro to fill out your 2007 Form 1040, the IRS might have shorted you hundreds of dollars.
The IRS blames the error on faulty computer software used by some paid tax preparers.
The mistake could mean a big hit for some, as President Bush's economic stimulus package grants as much as $300 per child for eligible taxpayers.
That's on top of the regular stimulus payments of up to $600 for singles who earned less than $75,000 in 2007 and payments of $1,200 for couples who earned less than $150,000.
The IRS says it plans to pay the affected taxpayers next month with checks sent via regular mail.
"[The IRS is] going to make good on it," said Frank Degen, a professional tax preparer in Setauket, LI. "No one is going to lose this money."
