Thread: IRS Hunts for Errant Tax Rebates

IRS Hunts for Errant Tax Rebates

AP
Posted: 2008-05-15 20:29:51

GARDEN CITY, N.Y. (May 15) - About 1,500 tax rebate checks being sent out by the IRS this month were wired to the bank accounts of people who already received their payments or others who were not entitled to the money.

The rebates, which are expected to reach 130 million households, range up to $600 for individuals and $1,200 for married couples, plus $300 per child for eligible parents. Congress approved the payments earlier this year as part of an economic stimulus initiative.

Newsday cited the example of a Long Island man who said he found an unexpected $1,800 in his bank account. The man told the paper he checked with his bank and found the deposit belonged to someone with a different Social Security number.

New York-based IRS spokesman Kevin McKeon acknowledged in a statement that about 1,500 payments nationwide went to wrong bank accounts. But he said the problem was dwarfed by the nearly 30 million stimulus payments totaling more than $27 billion that have been issued correctly.

"The IRS is working with taxpayers and banks on a case-by-case basis to resolve this issue as quickly as possible," McKeon said.

Anyone receiving a misdirected IRS deposit is required to report the mistake to their bank, he said. Anyone who receives a paper check they are not entitled to must also return the money.

http://money.aol.com/news/articles/_a/i ... 0009990001

The IRS is somone we can TRUST??

What they cant even keep account of money, that is owed to the taxpayer, but, yet if we owe the IRS we would be thrown in the pooky.

Ugh....Shows you how efficent they are..

I haven't received my rebate yet, wonder if it's sitting in someone elses bank account?

If someone gets 2 payments they better be looking into identity theft as soon as possible. How many people would know that someone else was using their SSN if it weren't for this. It could be a positive not just a negative.