john torrison president
The Coachmen's Clubhouse
  • Club History
  • Club Home
  • Club Members
  • Listen with Bill
    • Bill's History
  • Turntable
    • TT History
  • The FlipSide
  • Picturesque!
  • Skips Corner
  • Gulliver's Travels
  • The Club Pub
    • Sucks News
  • Boardroom

The Club PUBlication  05/11/2020

5/11/2020

0 Comments

 
Picture
Picture


Feds want stimulus money sent to the dead to be returned

By SARAH SKIDMORE SELL Associated Press

President Donald Trump, Treasury Secretary Steven Mnuchin — and now the IRS — are urging people who received coronavirus relief payments for a deceased taxpayer to return the money to the government.
​

But legal experts said there is no law requiring people do that.

Some of the more than 130 million economic impact payments that went out to taxpayers as part of the $2.2 trillion economic relief package were sent to dead people. That happened mainly because of a lag in reporting data on who is deceased.
This is the first time the IRS has asked for the money back from the deceased taxpayers’ survivors. Some law experts said the government may not have the legal authority to require it be returned.
Trump and Mnuchin have both said publicly in recent weeks that money sent to deceased taxpayers should be returned. But the IRS didn’t issue any formal guidance until last week. On Wednesday, it updated its website, stating that if a person died before the payment was issued, the money should be returned. It also provided instructions on how to do so.

The IRS and Treasury did not say what would happen if these payments were not returned or otherwise repaid.
Former Taxpayer Advocate Nina Olson said that there is nothing in the law prohibiting payments from going to the deceased.
Nor is there anything in the law requiring people to return the payments.
“We are starting from these two sound bites and working backward,” Olson, who now runs the nonprofit Center for Taxpayer Rights, said.
The relief payments were made to taxpayers based on the information filed on their 2019 or 2018 taxes. But it is considered a rebate on 2020 taxes. The government used the prior tax forms to help speed along payments to the public to offset some of the economic devastation from the coronavirus pandemic.
The problem is, some people who filed those taxes may no longer be alive. Those payments are sent to an heir or executor of their estate. If the payment is based off a final tax return completed after their death, an economic impact payment check may even denote that the person is deceased next to their name.
It’s confusing at best. But it also would be a legal and logistical mess for the government to try to take back all the money that has been distributed, Olson and others said.
“They don’t have a legal leg to stand on,” Olson said.

0 Comments



Leave a Reply.

    Archives

    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018

    RSS Feed