Will you cash your stimulus check?

[PAF]

@devil21

I got your pm’s, wrote a lengthy reply but it failed to send ‘cause yer mailbox is full :-O

[devil21]

@devil21

I got your pm’s, wrote a lengthy reply but it failed to send ‘cause yer mailbox is full :-O

pm box is open for msg now @PAF resend

[pcosmar]

I will look at setting up an RV..

Getting too old for the backpack and bedroll.

[Suzanimal]

I don't think I'm getting stimulated.

I barely got any unemployment. A whopping 100.00 a week. That doesn't come close to covering my essentials.

[oyarde]

Still waiting on mine . I voted tax deduction.

[Suzanimal]

Still waiting on mine . I voted tax deduction.

Dead people are getting checks and me and oyarde are left trying to figure out how we're going to afford our essentials.

[oyarde]

Hell yes . I even have a list of essentials made up .

[Working Poor]

I haven't received a check yet. I am glad that most of the people I know who have received one have children. My accountant told me I would get one so I guess I will just not yet.

[CaptainAmerica]

Rifle and Ammo. Putting tax money into the 2nd amendment

[Suzanimal]

Heads up for anyone who uses these services...

Coronavirus stimulus checks: Where is the missing money going?

…

Where are stimulus checks going?

Natalie Parchment, a tax preparation consultant in the Washington D.C. area, has been inundated with calls and emails from clients wondering what happened to their payout.

“I had to investigate,” Parchment said.

She discovered that the unrecognized digits that people found listed on the portal were linked to refund transfers accounts, often created on behalf of taxpayers who want preparation fees taken out of refunds so they don’t have to pay preparers upfront.

“Those last four digits on the Get My Payment portal match the transfer provider's information that has been submitted to the IRS,” Parchment said.

After you file your taxes with a tax professional, transfer banks such as MetaBank, Republic Bank and Santa Barbara Tax Product Group set up temporary accounts for taxpayers who want a refund advance or to deduct tax preparation fees from a refund.

That account number and the bank's routing number are sent off with the tax return to the IRS.

The IRS deposited some stimulus checks into these temporary accounts, according to MetaBank. "The IRS has not explained to us why this error occurred," MetaBanks said in a statement.

Why are checks deposited in wrong accounts?

The issue has popped up among filers who have set up a tax advance in previous years when filing tax returns, according to Toby Mathis, a partner and attorney at Anderson Law Group in Las Vegas, Nevada. The IRS is basing stimulus checks off tax returns from 2018 or 2019, whichever is more recent.

A tax advance typically works like this: When a tax preparer does a filer’s return, they can loan them a portion of their refund in advance. The IRS will then send the actual refund to the preparer via a bank account set up in the filer’s name. The loan is repaid from the refund and the remaining portion of the refund is returned to the filer.

Everyone from mom-and-pop tax preparers to big chains like TurboTax, H&R Block and Jackson Hewitt have this option, Mathis said.

The issue is that the account where the stimulus payment was deposited didn't belong to the taxpayer. It belonged to the service provider.

"The provider’s bank is supposed to refund the $1,200 payment back to IRS in these cases," says Evan Morgan, tax director at Kaufman Rossin.

Those intermediary accounts tend to only be used for a filer’s refund in previous years, so those accounts likely no longer exist. The IRS hasn’t given out specific guidance yet on how they will reissue stimulus checks if they are deposited in the wrong accounts. But normally if a bank account is closed, a tax refund is rejected and the IRS sends out a paper check to the address that was on the return.

…

https://www.msn.com/en-us/money/mark...cid=spartanntp

[devil21]

^^^^^^
Tax preppers skimming interest by holding the funds for days before sending it on. I swear, everything is a friggin' money grab scam these days.

[gaazn]

"Payment Status Not Available" even though I have an already verified IRS login to get transcripts, etc. Makes no sense that an account already verified cannot be used to change/update info.

[RonZeplin]

[oyarde]

Still waiting . I also did not file for unemployment and the Antique Mall I sell at has been closed since St Patricks day so ………… maybe Ron Zeplin will give me a govt grant so I can work on muh coin collection...…..

[oyarde]

Also if anyone has any extra boot laces or a 34" belt I'll be happy to take it . Since Danke is home all the time now I cannot resupply there...….