Economic Recovery Payment

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  • Jiggers
    Senior Member
    • Sep 2005
    • 1973

    #1

    Economic Recovery Payment

    How do we verify with IRS or SSA that our clients received the $250/each economic recovery payment in 2009?

    If your clients are like mine, not a single one has any recollection of receiving the payment.

    The payments were direct deposited, so no check was received.

    The IRS doesn't have the information from SSA because SSA made the payments.

    SSA doesn't care that the information is needed for the proper preparation of the recipient's income tax return.
    Jiggers, EA
  • Larmil
    Senior Member
    • Dec 2006
    • 621

    #2
    Originally posted by Jiggers
    How do we verify with IRS or SSA that our clients received the $250/each economic recovery payment in 2009?

    If your clients are like mine, not a single one has any recollection of receiving the payment.

    The payments were direct deposited, so no check was received.

    The IRS doesn't have the information from SSA because SSA made the payments.

    SSA doesn't care that the information is needed for the proper preparation of the recipient's income tax return.
    From the SSA website: "Only individuals eligible for Social Security, SSI, Veterans, or Railroad Retirement benefits at any time during the months of November 2008, December 2008, or January 2009 may be eligible for the one-time payment." If a client falls within these specs I would assume $250 unless they can show me otherwise.

    Comment

    • Kram BergGold
      Senior Member
      • Jun 2006
      • 2112

      #3
      Should be on SSA-1099

      At one if the conferences I attended, we were told this would show up on the SSA-1099.

      Comment

      • Jiggers
        Senior Member
        • Sep 2005
        • 1973

        #4
        Not on 1099-SSA

        Originally posted by Kram BergGold
        At one if the conferences I attended, we were told this would show up on the SSA-1099.
        Not on the ones that I have seen.
        Jiggers, EA

        Comment

        • taxmom34
          Senior Member
          • Nov 2008
          • 732

          #5
          $250 not on mine or others i've seen so far

          Comment

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