I quess the IRS has the $250.00 payments recorded, I got a Sch M reject. Taxpayer agreed that she got the $250.00. Will screen more carefully in the coming days.
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Confucius say:
He who sits on tack is better off. -
Oh Great
I wonder if we can access the IRS transcripts via eservices to find out if the $250 is recorded there. I'll try my own account - as my husband received the $250 and then will let everyone know if it shows up on the transcript, however, in January 2010 I suspect that not much is posted on income, might not be for another month or so.
. So this idea might not work either.
Of course that is not a perfect solution either, and it is time consuming, but I really do NOT like rejects.
E-services will require POA's, etc
Any more thoughts on this "troublesome" issue.
Sandy -
Sch M
Sure be nice if the IRS had a web site similar to the "Stimulus Payment" web site we had.Confucius say:
He who sits on tack is better off.Comment
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I thought that was going to happen when I read your first thread that said you would take it without documentation...yes I agree that there should be an SS stimulus verification on-line somewhere.l...and, of course, how could you not think that the IRS would have the information.
As for asking for it through eservices....that info won't be available for 2009 income until after July.Believe nothing you have not personally researched and verified.Comment
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Crystallize Our Thinking
...by focusing on questions. Sometimes it works. I'm going to see if this thing will fly.
Which of the following are true?
1. When Obama implemented the "making work pay" credit, the govt also sent out $250 to virtually all SS recipients in the spring of 2009.
2. When govt announced late in 2009 that there would be no COLA increase for the coming year for SS recipients, Obama announced he would support a $250 payment to these recipients in lieu of a COLA.
3. The $250 in lieu of a COLA (mentioned in 2. above) did not materialize in 2009.
I believe that ALL of the above may be true, and if so, SS recipients are confusing the COLA substitute with the stimulus payment mentioned in 1. above.
It's no wonder. As mentioned in another thread, the govt has programmed this stimulous payment into the e-file verification for Schedule M. Why couldn't they establish a website if they already know the information.Comment
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#1 and #2 are true. But #3 is not, because the $250 DID materialize, at least in my checking account last May, as you alluded to in #1 and had nothing to do with lack of aOriginally posted by Nashville View Post
COLA, since it was after the generous COLA of 5.8 for 2009.
Now then, whether or not there will be another $250 this springtime remains to be seen.ChEAr$,
Harlan Lunsford, EA n LAComment
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I think Nashville is talking about the 2nd $250 payment not the first one.
I noticed that my software program automatically puts the $250 on Schedule M if Social Security was received. May this is all that IRS is doing and maybe we cannot e-file tax returns for clients that actually didn't receive the payment?Comment
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If the client can't document receiving the 250 I'm adjusting it out of the program.Believe nothing you have not personally researched and verified.Comment
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For those Wahiawa clients who might need a little extra help finding out whether they received the $250 or not:Originally posted by taxea View Post
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Schedule M
Just about everybody seems to be concerned about the older people drawing SS andnot being able to remember whether the received the $250.
Personally I am more concerned with veterans (millions in this country) who are receiving either compensation or pension. In most cases the only way you would know that they are receiving either of these would be to ask if they are a veteran and if they receive any monies from VA. None of them bring anything to interview showing amounts received and since amounts are tax free and not included anywhere on return they do not think to tell you that they are drawing VA monies.
Looks like we will have to be asking everyone if they are veteran and if yes do they receive any VA monies. This is to assume this is not part of your interview now.Comment
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This is a great point. I wonder how SS would know this since there is supposed to be no double dipping. I think anyone who receives SS doesn't need to be ask if they are also a Veteran.Comment
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SSA and VA
I agree with Gretel, only because, my now deceased Mother-in-law received both SS and VA benefits. We received a letter from VA stating that the $ 250 would be issued through SSA.
I have several clients that receive military retirement with VA disability, but also receive SSA benefits - so I believe I am going to have to presume that if the t/p can not confirm the receipt of the $ 250 - the t/p did in fact receive the $ 250 from SSA.
Wouldn't it be that if t/p received only SSA and VA - and NO other income - there would not be a reason to file a tax return?
SandyComment
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