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2
Posted on 3/26/20 at 11:16 am to Indiangensing
quote:
Do welfare recipients who don't work... get a check?
Yeah, they removed the "tax liability" minimum that was in earlier drafts.
Posted on 3/26/20 at 11:17 am to Indiangensing
Posted on 3/26/20 at 11:21 am to RiseUpATL
quote:
IRS will deposit the money. Not TaxAct. The IRS will use the same bank information you used on the tax return you used with tax act. Your routing number and account number are on the actual tax return. Page 2 of the 1040.
Just got off a conference call with some other CPAs that I am in a monthly virtual group with.
There are SO MANY issues here, if we use 2018 returns. People could have moved. They could have changed bank accounts. They could have divorced. They could be eligible for an advance check based on 2018 returns, but not on 2019. They could have owed in 2018 and are getting a refund in 2019.
How are they going to cross-check all of this? For the provision that uses social security payment data instead of tax returns, who is going to do all of this?
And if they screw it up, which you know they will, what is your recourse? IRS has shut down all the taxpayer assistance centers, and is shutting down lots of phone centers. They aren't exactly set up for the call center staff to work remotely.
How are they going to program their systems to determine the check amounts? It takes them months to make minor system updates.
I sincerely doubt their ability to do this in 2-3 weeks, but if they can pull it off, the number of mistakes is going to be astronomical.
Posted on 3/26/20 at 12:20 pm to RiseUpATL
Appreciate your efforts here.
Posted on 3/26/20 at 12:42 pm to RiseUpATL
Topic is misleading...the only question in this topic is how and when are we getting our cash.
Are they going to go in alphabetical order, last digit of your social security number, location, etc.? I know some that go screwed in the Bush stimulus that had to wait several weeks.
Are we going to get a physical check or a direct deposit?
If they send everyone a check, can you imagine the lines at banks now that most are drive thru only?
Are they going to go in alphabetical order, last digit of your social security number, location, etc.? I know some that go screwed in the Bush stimulus that had to wait several weeks.
Are we going to get a physical check or a direct deposit?
If they send everyone a check, can you imagine the lines at banks now that most are drive thru only?
Posted on 3/26/20 at 12:44 pm to Tarps99
quote:
Are we going to get a physical check or a direct deposit?
Supposedly, if you have direct deposit information on your 18 or 19 return, they will use that.
Of course, there are a lot of issues here, which is why I think the timing is a fantasy.
Posted on 3/26/20 at 12:46 pm to RiseUpATL
Do they make any distinction between Earned Income and Unearned Income? What about things like dividends and interest?
Or, do they go soley on AGI?
Or, do they go soley on AGI?
Posted on 3/26/20 at 12:49 pm to RiseUpATL
Posted on 3/26/20 at 1:05 pm to LSUFreek
No problem! Once I saw they were tying this almost completely to tax returns I knew I could probably give some advice to help.
Posted on 3/26/20 at 1:09 pm to RiseUpATL
Yet $350 million goes to migrants and refugee assistance. frick that bill!
Posted on 3/26/20 at 1:15 pm to Tarps99
Not sure why you think the topic is misleading. Literally all of your questions you just posed are answered in the OP and following posts in the thread.
Posted on 3/26/20 at 1:55 pm to Shoalwater Cat
quote:
at if you owe back taxes? Will gov still send you a check or credit against past debt? Thanks for the help here.
What you are talking about is an offset and yes this is supposed to be exempt from offsets like back taxes and back child support. So you should still get a check if you owe these things.
Posted on 3/26/20 at 2:41 pm to RiseUpATL
quote:
Not sure why you think the topic is misleading. Literally all of your questions you just posed are answered in the OP and following posts in the thread.
Just pulling your leg.
Posted on 3/26/20 at 3:07 pm to RiseUpATL
Could the parent claiming head of household get the check for the kids instead of the parent who claims the kids as dependents? Washington post article says head of household will receive check for kids.
Also, what if you make too much money to receive anything for yourself, would you still get check for the kids ?
Also, what if you make too much money to receive anything for yourself, would you still get check for the kids ?
This post was edited on 3/26/20 at 3:15 pm
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