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Wed May 13, 2020, 06:04 PM

The IRS put money into my account today, but it's not mine

OK- I'm expecting two different deposits from the US gov into my checking account:
1. $2,400 - My coronavirus "reward"
2. $10,400ish - my tax return for 2019

So I got a deposit for $1,300-ish in my account two days ago. It's nowhere close to either amount that I'm expecting. So I log into the IRS website, since it is the Oracle of All Governmental Knowledge right now. There, I discover that the IRS has no knowledge of this transfer. So I'm guessing that the IRS put somebody else's money into my account. That means that in the interest if fairness, some poor schmuck will be wondering "where's my money?" and thus, I must expect for those funds to exit my account at some point soon.

In the meantime, I'm waiting for not only my CV-19 reward, but my tax refund as well. Those funds would be very helpful right now. Oh yeah- my state is also considering renewing my unemployment since I've been enjoying the Trump Depression since April of 2019. We'll see how that goes. I have no hopes for that.

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Response to RainCaster (Original post)

Wed May 13, 2020, 06:13 PM

1. Hey! You can move that big cash deposit into an interest-bearing account while

the IRS discovers what they did and want their money back. Maybe if they don't act in three years, your favorite bank can pay you about 5 bucks in interest. It's about what banks pay these days. Think of it. An IRS mistake that takes three years to rectify can buy you a cup of coffee!

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Response to RainCaster (Original post)

Wed May 13, 2020, 06:13 PM

2. Is it possible that the $1,300 is your stimulus amount?

If your income is too high, then your stimulus amount can be reduced. I don't know, but it's possible.

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Response to RainCaster (Original post)

Wed May 13, 2020, 06:22 PM

3. Did your agi cause a reduction of stimulus payment amount?

The full $2400 is available for couples earning up to $150000. The $2400 is reduced for couples earning more than $150,000 until it becomes zero at $200,000. If you earn $180,000 the amount is reduced to about $960. If you earn $170,000 the stimulus is reduced to about $1440.




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Response to RainCaster (Original post)

Wed May 13, 2020, 06:30 PM

4. I'm just stunned that you worked four months last year and

are still owed a $10,400ish tax return!

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Response to RainCaster (Original post)

Wed May 13, 2020, 06:33 PM

5. I still haven't received mine because they can't figure out if I'm eligible or not

and there is no way to call them to explain why I am or to check whether they've processed my 2019 return or not (and therefore whether they are sending the paper check to the right address or not).

With record levels of employment, why can't they hire more people and train them to boost the call centre capacity instead of cutting people off completely and making them rely on a website that doesn't explain what's going on with their account?

Thanks God we're "running the government like a business" and finally providing the same level of customer service from the IRS that we've come to expect from IT and telecom providers.

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Response to RainCaster (Original post)

Wed May 13, 2020, 06:35 PM

6. It's mine.

Please take out cash and mail to me. I promise I wonít tell ... I donít want you to get into trouble.

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Response to RainCaster (Original post)

Wed May 13, 2020, 06:35 PM

7. How do you get that much back?

I know it isn't any of my business. You dont need to answer. More of an exclamation than question.

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Response to RainCaster (Original post)

Wed May 13, 2020, 06:38 PM

8. I filed my taxes Apr 2, still have not gotten that. They sent stimulus to old address because they

did not do 2019 return with new address. They owe me about 2400. I could use that too.

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Response to RainCaster (Original post)

Wed May 13, 2020, 06:42 PM

9. Nice flex!

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Response to RainCaster (Original post)

Fri May 15, 2020, 02:22 PM

10. I figured it out- it was my funds- sort of...

If the IRS chooses to ignore that I already filed my tax return this year (2-23), then the amount I got is right, because my TY18 income was much higher. Sigh. Those Republican bastards can't do anything right.

So nothing new from the IRS, or my unemployment office. At least I know I can spend this money on groceries now. Time to stock up on bacon & beer.

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Response to RainCaster (Reply #10)

Fri May 15, 2020, 02:29 PM

11. Depending on how much money you make this year ...

you may be able to get the rest of it as a credit on your 2020 tax return.

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