NATP has reported a few issues that have arisen with the economic stimulus package. See below.
Last week we alerted you to some issues taxpayers were experiencing with their stimulus rebate checks. One of the issues involved some stimulus checks not including the additional $300 for each qualifying child. This problem occurred when the taxpayers were ineligible for the child tax credit on their 2007 return because their AGI was too high or because taxpayers did not check the proper box to trigger the $300 child payment. To fix the problem, the IRS is taking extra steps to identify the affected taxpayers and send them separate checks to cover their qualifying children. The IRS emphasized that the corrected checks will be mailed automatically, and taxpayers don’t need to call or take any additional steps. The additional payments involving qualifying children will be made starting in early July. These payments will be made by paper check, even if people received their regular tax refund or initial stimulus payment by direct deposit.
Post reported by NATP.
