Go Trump!
Posted on 03/31/2020 6:15:06 PM PDT by upchuck
New information from the IRS on Monday shines more light on what people can do to get their checks from the government as quickly as possible while many families worry about paying the bills and buying food during the coronavirus crisis, which has cost millions of people their jobs.
For Americans eligible for stimulus cash under the new relief law, the fastest way to receive it is to make sure they've filed a tax return for 2019 or 2018 with bank information so the government can deposit the money directly.
The IRS says it will use people's 2019 returns to calculate eligibility and automatically send the money to those who qualify. If they haven't filed a 2019 return, it'll be based on the 2018 return...
Treasury Secretary Steven Mnuchin said payments will go out "within three weeks" for people who have their direct deposit information on file with the IRS.
(Excerpt) Read more at nbcnews.com ...
https://www.forbes.com/sites/kellyphillipserb/2020/03/31/irs-adds-to-confusion-about-whether-seniors-have-to-file-tax-returns-to-get-stimulus-checks/#39be747452ad
The irony here is that my “coronavirus check” will be used to pay my 2019 tax bill that is now deferred until July 15th. LOL.
Considering I get hot under the collar when file, cough at the amount and am around others that have the same symptoms, maybe that’s appropriate.
Go Trump!
” If they haven’t filed a 2019 return, it’ll be based on the 2018 return... “
What if I sent in my paper 2018 return. Then got a letter that it wasn’t readable, send another one. I owed $0.
I used their own pdf fill-in able forms. Did it January 2020. As corna picked up I haven’t resubmitted.
It’s like they were punishing me for not electronic filing.
I just got my 2019 refund last week. That will be used to visit my youngest son in Indiana sometime this year. The stimulus money I’ll be getting will be used to pay for the new MacBook Air I had to buy when the screen on my 2011 MacBook Pro crapped the bed. At least the hard drive was salvageable. That machine didn’t owe me a penny.
You should look into that. I read somewhere that the IRS has a process to file an “income adjustment” application to deal with your type of situation.
I don't do electronic filing, and never will.
Same here haha
The next mess is going to be related t9 sending these payment to old bank accounts and addresses.
I work for a tech company that supports financial institutions and I did an analysis and between 3 institutions there are about 6,000 accounts that received IRS refunds in either 2019 or 2020 for tax years 2018/2019 that the account is now closed. These are large community financial institutions with between 100,000 and 200,000 checking accounts. If we do nothing, that money gets sent back. You also have situations where one spouse will get the direct deposit that is split from the other.
In addition to that the IRS is going to mail checks to the last know address on a tax return. People move all the time. Not sure if they will get forwarded, returned or stolen.
It’s not an irony, it’s the intentions of the back end Bailout to the same players. They’ll resuscitate even if it means breaking the rib cage.
LMAO
Anyone know what to do if a bank account is no longer valid? One of my kids has divorced and the joint account with the ex is no longer in existence. And the ex lives at the home address, although the ex doesn’t make any money....
Same here.
Glad to not have to take it out of savings:)
What about medically retired? I haven’t filed taxes in years. I guess me and my daughter are SOL.
If you get SS payments I think that’ll suffice.
Bump
Did you vote for Trump? =====> You should have voted correctly, sorry.
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