Stimulus deposit

[quincy]

It might have been faster if the bank left the $8.2 million in the Indiana man’s account and let him distribute the funds.

 

[Taxing Matters]

It might have been faster if the bank left the $8.2 million in the Indiana man’s account and let him distribute the funds.

The difference is that didn't suit the bank's goals.

 

[adjusterjack]

I don't have direct deposit set up for tax refunds but I do have it set up for my Social Security. Will the IRS deposit the money in that account or do I wait for a check in the mail?

 

[quincy]

I don't have direct deposit set up for tax refunds but I do have it set up for my Social Security. Will the IRS deposit the money in that account or do I wait for a check in the mail?

I believe the social security information is only being used if a person didn’t file a tax return. If you filed a tax return but did not have on it your bank information for direct deposit of a refund, you probably should expect to receive a paper check in the mail (possibly not until May, and only if the USPS still exists by then).

You could try to check on the status of your stimulus check by going to https://www.irs.gov/coronavirus - but apparently the “check status” feature on the site doesn’t work real well.

 

[LdiJ]

I believe the social security information is only being used if a person didn’t file a tax return. If you filed a tax return but did not have on it your bank information for direct deposit of a refund, you probably should expect to receive a paper check in the mail (possibly not until May, and only if the USPS still exists by then).

You could try to check on the status of your stimulus check by going to https://www.irs.gov/coronavirus - but apparently the “check status” feature on the site doesn’t work real well.

Actually, if he goes to the "get my payment" portal on the home page of irs.gov, he can go in and give the IRS direct deposit information. I did it myself on Wednesday and many others have done it since.

It is true that it can be difficult to get into the portal due to high demand, but its working much better than it was on Wednesday.

 

[adjusterjack]

Actually, if he goes to the "get my payment" portal on the home page of irs.gov, he can go in and give the IRS direct deposit information.

Did that but not sure if it got messed up or not.

I mailed that change of address form on March 29. I mailed my 2019 return (with a check) on April 9. When I went into "get my payment" I saw that the IRS was not processing mailed returns so I went ahead and provided my checking account information. During that process the cite asked me to e-file my return but I got caught in a CAPCHA loop that didn't let me back to the forms. Finally just clicked "transmit return" and got several confusing emails, which I won't go into because I finally got one that said my payment info was accepted.

I feel sorry for people who are less computer savvy than I. I have a friend whose brain would have exploded half way through that mishigos.

 

[LdiJ]

Did that but not sure if it got messed up or not.

I mailed that change of address form on March 29. I mailed my 2019 return (with a check) on April 9. When I went into "get my payment" I saw that the IRS was not processing mailed returns so I went ahead and provided my checking account information. During that process the cite asked me to e-file my return but I got caught in a CAPCHA loop that didn't let me back to the forms. Finally just clicked "transmit return" and got several confusing emails, which I won't go into because I finally got one that said my payment info was accepted.

I feel sorry for people who are less computer savvy than I. I have a friend whose brain would have exploded half way through that mishigos.

Did any of those emails state that your return was "accepted"? Not just the payment info but the return itself?

 

[adjusterjack]

Did any of those emails state that your return was "accepted"? Not just the payment info but the return itself?

Yes, the final email said "return accepted" and "the IRS has accepted your Non-Filers: Enter Payment Info return."

 

[quincy]

Yes, the final email said "return accepted" and "the IRS has accepted your Non-Filers: Enter Payment Info return."

I wonder if you will get two direct deposits and a paper check, too (paper check for 2019 return, direct deposits for SS and non-filer return).

Keep contacting the IRS and you might find yourself with a million stimulus dollars. Haha.

 

[LdiJ]

Yes, the final email said "return accepted" and "the IRS has accepted your Non-Filers: Enter Payment Info return."

Are you saying that you had a balance due tax return that you mailed in, AND you went to the non-filers portal and submitted your info that way? That may cause some confusion down the road when they get back to processing mailed returns.

 

[stealth2]

I have been recommending that anyone who gets a stimulus for a deceased spouse or child, put that part of their stimulus payment away in a saving's account until after they do their 2020 taxes. The stimulus payment will be resolved on the 2020 tax return so if they have to pay any of it back, that is likely where it will have to be paid back.

I told my brother to set it aside. if Mom gets 2400. I can't be blamed otherwise.

 

[adjusterjack]

Are you saying that you had a balance due tax return that you mailed in, AND you went to the non-filers portal and submitted your info that way?

Yep, that's exactly what I did. Once I found out the IRS wasn't processing mailed in returns I figured I was a non-filer at the moment.

That may cause some confusion down the road when they get back to processing mailed returns.

I'm sure it won't be the only cause for confusion down the road. And I'm sure it will eventually get worked out. I won't be standing on the corner with a sign if I don't get it for a while.

 

[LdiJ]

Yep, that's exactly what I did. Once I found out the IRS wasn't processing mailed in returns I figured I was a non-filer at the moment.



I'm sure it won't be the only cause for confusion down the road. And I'm sure it will eventually get worked out. I won't be standing on the corner with a sign if I don't get it for a while.

Well, technically the non-filer's portal is for people who never have to file a tax return. You should have been able to put your direct deposit information into the "get my payment" portal using your AGI and Refund/Balance due from your 2018 return. However, I don't think its going to be a big deal. You just may get some questions when they finally process your 2019 return. I suspect that you may get an identity inquiry letter, which again, is not a big deal, its just a hoop to jump through.

 

[adjusterjack]

You should have been able to put your direct deposit information into the "get my payment" portal using your AGI and Refund/Balance due from your 2018 return.

Yes, there was a question about the 2018 AGI.

 

[NeilTheCop]

On a sidenote.
It seems that some banks are/were applying the stimulus checks to overdrafts.
Not sure if it impacts this posting but it may well impact others.
https://www.nytimes.com/2020/04/16/business/stimulus-paychecks-garnish-banks.html