Coronavirus stimulus checks: Payments to dead relatives should be returned, Mnuchin says
Source: Yahoo Money
Relatives who have received a stimulus payment for a deceased family member must return it to the federal government, according to Treasury Secretary Steven Mnuchin.
Youre not supposed to keep that payment, Mnuchin said in a statement to Yahoo Money. Were checking the databases, but there could be a scenario where we missed something, and yes, the heirs should be returning that money.
To speed up delivery of the stimulus payments, the IRS is relying on information from 2018 tax returns to determine eligibility, which means that some people who passed away since then could be sent a payment.
Its one of several hiccups that have occurred while distributing the payments, making relatives wonder if it needs to be returned. Mnuchins statement didnt include any details on how Americans should go about returning those payments, however.
Read more: https://www.yahoo.com/money/coronavirus-stimulus-checks-payments-to-dead-relatives-should-be-returned-mnuchin-says-152837927.html
bucolic_frolic
(43,258 posts)Did the law specify living taxpayers?
turbinetree
(24,713 posts)and they put in there will that this stimulus will be willed to the heirs.............
totodeinhere
(13,058 posts)you could will the money to anyone else since if you die you are not legally eligible to receive the money in the first place.
Igel
(35,350 posts)There'd be a last filing for the deceased, and the tax code will have to have a specific date for disbursement.
sybylla
(8,526 posts)Twelve days before the date of the check.
It wasn't obvious it was her stimulus check. It didn't say anything on the outside of the envelope except USTreasury, which could have been her tax refund. But after we opened it, we saw on the front a box. If the person is deceased, you are supposed to check the box and drop the check, envelope and all back into the mailbox. I assume it will get returned to the USTreasury.
We are sending it back, but this is the equivalent of ripping out stitches. She was poor. Her final medical expenses will probably outstrip what's left of her last SS check. There are businesses out there who will have to swallow the debt instead. For 16 days.
question everything
(47,522 posts)Yes, on the one hand it is supposed to help the living on the other hand, yes, when so many get millions.
sybylla
(8,526 posts)I know she would want that money to go to needier people than her. But what are the chances that will happen?
totodeinhere
(13,058 posts)n/t
sybylla
(8,526 posts)She was 94yo. She was blessed with a long, healthy life. And I was blessed to have her with me for so long.
bluestarone
(17,025 posts)These ASSHOLES STEAL muti-millions and complain about people getting (returning) thousands!
I had a knee jerk reaction of "track me down," followed by a string of expletives.
These people are not bringing out the best in me.
flibbitygiblets
(7,220 posts)Should they still have to return the money, Munchbag?
trof
(54,256 posts)douchebag
They_Live
(3,239 posts)Oh wait. He makes his "Ewwww" face whenever he says anything.
Aussie105
(5,428 posts)Funerals aren't cheap.
jimfields33
(15,933 posts)greenjar_01
(6,477 posts)Ford_Prefect
(7,918 posts)question everything
(47,522 posts)Frankly, we are retired, still get our SS checks and withdraw from retirement accounts - until RMD has been suspended. Did not need the money. As soon as we got it half of it went to charity and to my senator campaign. More will go to help others.
BigmanPigman
(51,626 posts)I told her not to spend the money since I am sure the govt will want it back.
roamer65
(36,747 posts)The IRS can put liens against estates and garnish wages to recover it. They can also deduct it from tax refunds.
Don't you know that "comes around goes around"
Is the basic rule of cause and effect.
Too hard?
question everything
(47,522 posts)You certainly mastered the smiles function
RobinA
(9,894 posts)to keep it. However, I charge fees when someone sends me money by mistake and I have to return it. A processing fee, a convenience fee, a re-mailing fee. Before you know it, there's nothing to send back!
Initech
(100,100 posts)Maine-i-acs
(1,499 posts)If you are so wretched to have a family member die, and think that any good should come of it, ye shall have no bread. "Let them eat cake!"
NotHardly
(1,062 posts)Nitram
(22,861 posts)orleans
(34,073 posts)on an unrelated level...
years ago i was on public aid and the courts were collecting the child support payments (when the father got around/felt like making one). those payments from him were kept by the state in order to reimburse the state for the public aid i was getting.
one time the system hiccuped and i got a second public aid check. i called about it and was told to send it back. i sent it back. they ended up fucking me out of a couple payments claiming to have never gotten that hiccup check back from me.
my point? families who get a deceased family member's check might get caught between a rock and a hard place. they might return the check and government claims to have never gotten it and the family ends up paying that money back out of their own pocket.
question everything
(47,522 posts)orleans
(34,073 posts)years and years later, for my business, i would file the the quarterly reports and always send it with return receipt requested. and there was one time i was being fined by either the state or federal (i forget) for not filing. turns out i had the card they signed and sent back. i remember the guy i had to speak to (several times about this matter) was pissed off that i was sending the form with return receipt requested all the time. LOL. he told me to stop doing that! (i wondered why? so they can say they never got it and try fining me again?)
Karadeniz
(22,564 posts)Probably contributed to the deaths, I'd let the family keep the money.