Read more: 'It's extremely frustrating:' IRS unresponsive as Americans seek answers on stimulus payments The agency has started automatically depositing and mailing out millions of the economic impact payments, worth up to $600 for individuals and each of their child dependents.Īnd while many Americans have received their second stimulus payments as of Tuesday night, the IRS now says that people receiving the Payment Status #2 message on the Get My Payment tool will have to wait until they file their 2020 taxes to get the payment, even if they received the first stimulus check with no issues. © 2023 NYP Holdings, Inc.Don't miss: The best cash-back credit cards with no annual fee Neither H&R Block nor the IRS immediately responded to emails seeking comment on Tuesday. In a news release Monday, the IRS admitted that some payments may have been sent to closed or inactive accounts because of how quickly the agency moved to distribute the money. “We are partnering with the IRS to help taxpayers receive their payments as quickly as possible.” “We know how important these funds are for so many Americans and that everyone is anxious to get their money,” TurboTax spokesperson Ashley McMahon said in an email. TurboTax on Tuesday sought to pin the blame on the IRS, saying it is “the sole party with the ability to determine eligibility and distribute stimulus payments.” The feds will then have to send the affected taxpayers a paper check, which would take longer. H&R Block said it would deliver the money to customers based on how they chose to receive their last refund, meaning some people will get the money by direct deposit, others by check and others still via a prepaid debit card.īut the debit cards present another set of potential problems for customers of H&R Block and TurboTax, which both said it expected people to use the same cards they used during tax season to receive their stimulus money.Ĭustomers whose debit card accounts are closed or no longer active, however, will see their stimulus funds returned to the IRS. Now its been sent to hr block,” Tina Humphrey griped to H&R Block on Twitter. “This is absolutely absurd that my family received the first stimulus directly into our checking. “I know this may not be fault but it’s curious how my first stimulus had no issues.” “I thought someone stole my identity,” Jennifer Meyer tweeted. The unexpected diversion alarmed some taxpayers. That’s a sign, the company said, that the cash went to a type of H&R Block account that the Kansas City-based company sets up for customers who opted to have their tax-prep fees deducted from their tax refund. In a news release, H&R Block warned, for example, that the IRS’s “Get My Payment” tool, launched to help taxpayers track the status of their checks, may tell some customers that their money would be deposited in a bank account with an unfamiliar account number. But both companies have acknowledged that some people may experience hiccups in receiving them. The problems weren’t universal - many H&R Block and TurboTax users said they got their checks without a hitch. “I just read that people who filed turbo tax are having issues receiving their second stimulus? Anyone? I used turbo tax and mine is NOWHERE TO BE FOUND,” one user griped on Twitter, where H&R block and TurboTax were trending topics Tuesday morning. The Internal Revenue Service started sending out the $600 payments last week to eligible Americans, including those who have filed their 2019 income tax returns.īut some H&R Block and TurboTax customers say they are confused about when and even where their money will arrive because the tax preparation companies are acting as stimulus middlemen - receiving the money first and then deciding how it will be delivered. H&R Block and TurboTax have come under fire from irate customers who have accused the tax-preparation giants of meddling with the delivery of their stimulus checks and causing unnecessary delays and confusion. Only 8% of millionaires consider themselves rich: survey New York loses 10 billionaires in four years as magnates flee for this state Woman mysteriously receives $20K worth of lottery tickets from FedEx Prince William is asked how much money is in his bank account - the answer may surprise you
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |