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05-05-2020, 05:21 PM
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#661
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2006
Location: Boise
Posts: 7,882
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Quote:
Originally Posted by Mountain skier
We owe Uncle Sam some $- due by July 15. We have not sent in the $ yet. Is the reason we have not received our stimulus $- because we didn't send in 2019 return yet?
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Nope. If you haven't filed 2019 yet, they'll look at your 2018 return.
__________________
"At times the world can seem an unfriendly and sinister place, but believe us when we say there is much more good in it than bad. All you have to do is look hard enough, and what might seem to be a series of unfortunate events, may in fact be the first steps of a journey." Violet Baudelaire.
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05-05-2020, 05:31 PM
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#662
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2006
Location: Washington, DC
Posts: 11,330
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Quote:
Originally Posted by SecondCor521
Nope. If you haven't filed 2019 yet, they'll look at your 2018 return.
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+1. If you haven’t filed they don’t know that you owe or what your 2019 AGI is.
__________________
Idleness is fatal only to the mediocre -- Albert Camus
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05-06-2020, 06:56 AM
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#663
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Thinks s/he gets paid by the post
Join Date: Oct 2003
Posts: 1,324
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Received my full deposit as expected as of this morning (5/6).
__________________
We are, as I have said, one equation short. – Keynes
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05-06-2020, 07:14 AM
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#664
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Sep 2012
Location: Seattle
Posts: 6,023
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Just checked and we have a pending transaction from the IRS for $2400.
Of course while waiting for our stimulus, I kind of made my own stimulus with Stemline so now will be stimulating the IRS in the tune of $10,000 or more.
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05-06-2020, 09:07 AM
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#665
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Recycles dryer sheets
Join Date: Aug 2006
Posts: 232
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Update: Received our $2400 deposit this morning. On schedule with the date they gave us. Now to stimulate our economy!
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05-06-2020, 09:09 AM
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#666
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Oct 2017
Location: Chapel Hill, NC
Posts: 5,317
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We received our $2400 stimulus this morning. We have a list of local charities for this to go to--we are not keeping any for ourselves. So many people need it much more than us.
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05-06-2020, 09:17 AM
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#667
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Thinks s/he gets paid by the post
Join Date: Nov 2006
Posts: 1,639
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Quote:
Originally Posted by jpeter1093
I read that for the Treasury to make the necessary programming changes to NOT send the money to deceased taxpayers would have delayed the payments for ALL taxpayers; so they let it go, thinking they'll address it later. How they'll address it is an open question.
In my case, I was my father's POA. He passed last November. I did his final taxes for 2019. His refund was deposited into my checking account since he no longer had any accounts (being deceased). In mid-April, I got $1200 deposited into my checking account. Assuming it was my stimulus money, I moved it to savings. Imagine my surprise two weeks later, the treasury letter addressed to Deceased Dad, c/o me informing him they deposited his stimulus money 2 weeks earlier. So, whenever they get their act together, they can come claw it back. I didn't ask for it, they knew he was deceased; yet still sent it.
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Got my deceased father's direct deposit on the 15th. Figured I'd stimulate the economy with the money by giving it to my kids (who really need it). I guess if the government wants it back, they know where I live.
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05-06-2020, 10:36 AM
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#668
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Thinks s/he gets paid by the post
Join Date: Mar 2013
Location: Coronado
Posts: 3,706
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Quote:
Originally Posted by PatrickA5
Got my deceased father's direct deposit on the 15th. Figured I'd stimulate the economy with the money by giving it to my kids (who really need it). I guess if the government wants it back, they know where I live.
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The government has now provided instructions on how to return a stimulus check here: https://www.irs.gov/coronavirus/econ...on-center#more
They don't actually say you're required to return it if the recipient is deceased though.
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05-06-2020, 10:39 AM
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#669
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Recycles dryer sheets
Join Date: Aug 2006
Posts: 232
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Quote:
Originally Posted by harllee
We have a list of local charities for this to go to--we are not keeping any for ourselves. So many people need it much more than us.
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We are doing some of both, giving to charities and supporting local businesses that are being devastated during these times. I'm hoping they can stay in business.
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05-06-2020, 11:06 AM
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#670
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Thinks s/he gets paid by the post
Join Date: Nov 2006
Posts: 1,639
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Quote:
Originally Posted by cathy63
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Thanks for the information.
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05-06-2020, 11:18 AM
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#671
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,072
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Mine showed up today in my acct. Yea...
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
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05-06-2020, 12:25 PM
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#672
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2014
Location: Spending the Kids Inheritance and living in Chicago
Posts: 17,097
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Quote:
Originally Posted by firemediceric
Paper checks showed up in the mail yesterday. Two $1200 checks to wards who had died at the beginning of 2019 and a $1200 check to another ward who is a minor of 13 years old.
I'll of course be sending them back, but I cannot imagine how many undeserving people are receiving these checks and not saying anything.
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I wonder if the 13 yr old should get $500 , as children do
__________________
Fortune favors the prepared mind. ... Louis Pasteur
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05-06-2020, 12:28 PM
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#673
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2014
Location: Spending the Kids Inheritance and living in Chicago
Posts: 17,097
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It showed up in my account .... we even saved the gov't money by doing a lot of Roth conversions for 2018 that have lost value
But still got something
__________________
Fortune favors the prepared mind. ... Louis Pasteur
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05-06-2020, 12:45 PM
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#674
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,145
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DF received his today just as they said!
__________________
Retired since summer 1999.
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05-06-2020, 03:24 PM
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#675
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Thinks s/he gets paid by the post
Join Date: Jul 2012
Location: Texas
Posts: 3,024
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Quote:
Originally Posted by cathy63
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DMIL received her paper check today, May 6. IRS said they mailed it May 1. So timing worked out well.
But it includes an extra $1200 for my deceased FIL. He died late December 2018. The 2018 return was MFJ and included his name, but we told Turbo tax he was deceased. TurboTax printed "Filing as surviving spouse" in his signature field. At the top of the return, it printed "DECEASED", along with his full name and date of death.
Also, SSA knew within days as the funeral home informs them even before death certificates are issued. His SS check stopped immediately. That was a year and a half ago.
At this point, it appears the IRS is "requesting" that people return the money. They have provided instructions for doing so. But there is no official mandate related to deceased individuals that I've seen and no published consequences for not returning it.
Certainly the CARES Act has no clawback provision for the advance payments. And technically, the payment was made correctly in accordance with criteria in the law. So this will be interesting.
DMIL is asking me what to do. They filed jointly, so just one check for $2400 made out to her. For now, I told her to deposit the whole thing and we'll wait to see if some more official guidance is issued in the coming days/weeks. Otherwise I'm inclined to just let her keep it. Frankly she needs the money as her finances have been very tight since DFIL died.
__________________
Retired at 52 in July 2013. On to better things...
AA: 85/15 WR: 2.7% SI: 2 pensions, SS later
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05-06-2020, 03:37 PM
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#676
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Moderator
Join Date: Dec 2007
Location: Eastern WV Panhandle
Posts: 25,340
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Quote:
Originally Posted by Gumby
Hard to say what the issue could be. The website gave me "payment status unavailable" for the longest time, then finally accepted my 2018 numbers (even though I paper filed my 2019 taxes in March) and took my bank information. Then it stalled me for another week or so . Finally, just a few days ago, it said I'll get a deposit tomorrow 5/6/20. So I don't know what else to advise other than to keep trying.
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That's about what happened here, except we E-filed. I kept getting "payment status unavailable" until, like you, it said we'd get the deposit on 5/6/20 a few days ago. It showed up this morning.
It's already been earmarked for new a hardwood floor in the family room that DW has been wanting for several years. $2400 won't pay for all of it of course, but at least a good chunk of it.
__________________
When I was a kid I wanted to be older. This is not what I expected.
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05-06-2020, 03:38 PM
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#677
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2006
Location: Boise
Posts: 7,882
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Quote:
Originally Posted by Cobra9777
DMIL received her paper check today, May 6. IRS said they mailed it May 1. So timing worked out well.
But it includes an extra $1200 for my deceased FIL. He died late December 2018. The 2018 return was MFJ and included his name, but we told Turbo tax he was deceased. TurboTax printed "Filing as surviving spouse" in his signature field. At the top of the return, it printed "DECEASED", along with his full name and date of death.
Also, SSA knew within days as the funeral home informs them even before death certificates are issued. His SS check stopped immediately. That was a year and a half ago.
At this point, it appears the IRS is "requesting" that people return the money. They have provided instructions for doing so. But there is no official mandate related to deceased individuals that I've seen and no published consequences for not returning it.
Certainly the CARES Act has no clawback provision for the advance payments. And technically, the payment was made correctly in accordance with criteria in the law. So this will be interesting.
DMIL is asking me what to do. They filed jointly, so just one check for $2400 made out to her. For now, I told her to deposit the whole thing and we'll wait to see if some more official guidance is issued in the coming days/weeks. Otherwise I'm inclined to just let her keep it. Frankly she needs the money as her finances have been very tight since DFIL died.
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Technically, the way the law was written, deceased people qualify for the stimulus payment. They could have written an exclusion into the law, but they didn't.
Also technically, half of the $2400 is your DMIL's and half of it is your DFIL. So his $1200 should become part of his estate and be distributed according to his will or the laws of intestacy of his state. Which may mean that the money would go to DMIL anyway.
__________________
"At times the world can seem an unfriendly and sinister place, but believe us when we say there is much more good in it than bad. All you have to do is look hard enough, and what might seem to be a series of unfortunate events, may in fact be the first steps of a journey." Violet Baudelaire.
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05-06-2020, 06:29 PM
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#678
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Thinks s/he gets paid by the post
Join Date: Aug 2013
Posts: 1,972
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Got our $2400 today. Thank God for Andrew Yang who championed universal basic income (UBI).
__________________
No to consumerism, Living a simple life, enjoying the experience - not the material stuff
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05-07-2020, 09:24 AM
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#679
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Thinks s/he gets paid by the post
Join Date: Nov 2008
Posts: 3,410
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We haven't received our stimulus check but I haven't sent in my first quarterly income tax payment for 2020 yet for pretty much the same amount. Do you think they will let me just call it even?
Cheers!
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05-07-2020, 10:53 AM
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#680
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Thinks s/he gets paid by the post
Join Date: Jul 2012
Location: Texas
Posts: 3,024
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"We're checking the databases, but there could be a scenario where we missed something," -Steve Mnuchin
__________________
Retired at 52 in July 2013. On to better things...
AA: 85/15 WR: 2.7% SI: 2 pensions, SS later
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