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Some rebates sent to wrong accounts
http://dontmesswithtaxes.typepad.com/ dont_mess_with_taxes/ 2008/ 05/ some-rebate-ch...
This is definitely not what any of us wanted to hear, but Newsday reports that some economic stimulus checks are showing up in the wrong bank accounts. Although the direct deposit of most of the rebates seem to be going into the appropriate accounts, the Long Island, N.Y., tabloid says some are winding up in the bank accounts of complete strangers. "We do know of instances of problems; we've heard of situations where stimulus checks have gone to the wrong people's bank accounts," Kevin McKeon, IRS spokesman for the New York region told Newsday.
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‘Dead’ taxpayer waiting for rebate check
http://ramonos.wordpress.com/2008/05/31/dead-taxpayer-waitin...Betty Hayes, like many senior citizens, was thrilled that this time, unlike in 2001, retirees are eligible for some rebate money. But she started to worry when her $300 never arrived. The IRS thought it had a pretty good reason for not delivering Mrs. Hayes’ economic stimulus payment. "You’re dead," the agency told her. Big surprise to Betty and her friends and family. News that you’re dead, she said, "makes you about about halfway sick." You can watch her story in the MSNBC video below. One theory is that the IRS somehow keyed in her late husband’s Social Security number. As I mentioned a few days ago, a spousal tax ID issue apparently screwed up rebate calculation and delivery for one of my relatives, too. The IRS has promised Mrs. Hayes that it’s working on getting her the money ASAP. But, as I noted earlier, these types of screw-ups are making this whole rebate process a major pain, for the government, politicians and taxpayers. Rebate update: Although missing and misdirected rebates are getting a lot of attention, as well they should, the reported problems are only a small fraction of the overall checks that have been issued. The Treasury Department reported that it sent 6.2 million stimulus payments last week, the fourth one of the process. The checks, mostly directly deposited, accounted for $4.93 billion. To date, 51.7 million rebate payments, totaling $45.7 billion, have been issued. Last week’s deliveries represent the near completion of all direct deposits. Treasury officials said that as soon as the IRS finishes the mailing of regular tax refund checks in June, the printing and mailing of stimulus checks will be done at the agency’s full capacity, meaning more checks will go out each subsequent week. Again, if you’re still waiting for your regular tax refund or stimulus payment rebate — and can prove to the IRS that you’re alive and eligible for the payment(s) — this previous post has details on how you can check on your money’s status. Hat tip, once again, to WalletPop via Dan/CreditCards.com
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'Dead' taxpayer waiting for rebate check
http://my-money-matters.blogspot.com/2008/05/taxpayer-waitin...Betty Hayes, like many senior citizens, was thrilled that this time, unlike in 2001, retirees are eligible for some rebate money. But she started to worry when her $300 never arrived. The IRS thought it had a pretty good reason for not delivering Mrs. Hayes' economic stimulus payment. "You're dead," the agency told her. Big surprise to Betty and her friends and family. News that you're dead, she said, "makes you about about halfway sick." You can watch her story in the MSNBC video below. One theory is that the IRS somehow keyed in her late husband's Social Security number. As I mentioned a few days ago, a spousal tax ID issue apparently screwed up rebate calculation and delivery for one of my relatives, too. The IRS has promised Mrs. Hayes that it's working on getting her the money ASAP. But, as I noted earlier, these types of screw-ups are making this whole rebate process a major pain, for the government, politicians and taxpayers. Rebate update: Although missing and misdirected rebates are getting a lot of attention, as well they should, the reported problems are only a small fraction of the overall checks that have been issued. The Treasury Department reported that it sent 6.2 million stimulus payments last week, the fourth one of the process. The checks, mostly directly deposited, accounted for $4.93 billion. To date, 51.7 million rebate payments, totaling $45.7 billion, have been issued. Last week's deliveries represent the near completion of all direct deposits. Treasury officials said that as soon as the IRS finishes the mailing of regular tax refund checks in June, the printing and mailing of stimulus checks will be done at the agency's full capacity, meaning more checks will go out each subsequent week. Again, if you're still waiting for your regular tax refund or stimulus payment rebate -- and can prove to the IRS that you're alive and eligible for the payment(s) -- this previous post has details on how you can check on your money's status. Hat tip, once again, to WalletPop via Dan/CreditCards.com
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Fabulous Links From the Blogosphere (5/16/08)
http://fabulousfinancials.com/2008/05/fabulous-articles-from...photo credit: mangpages Some tax rebate checks sent to wrong accounts Gas prices have people not thinking clearly Bush’s tax cuts for the rich actually favor the poor Is welfare unconstitutional AND bad for society? Depression is expensive, denial much more so Increase your salary without increasing your work Michelle Obama: Asset or Liability ~*~*~*~*~*~ Work to achieve, not to acquire. And as always, BE FABULOUS! ShareThis
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