Stimulas payments pending on a few clients

Collapse
X
 
  • Time
  • Show
Clear All
new posts

  • MichaelDi09
    replied
    Originally posted by TaxGuyBill

    Are you SURE that deposit was the Stimulus payment? Did you by chance apply for the EID loan (which is likely $1000, unless you have employees)?
    I was just about to post that! I did apply for EIDL advance , and having no employees , was advanced $1000.00 . Good call!

    Leave a comment:


  • TaxGuyBill
    replied
    Originally posted by MichaelDi09
    I received my stimulus payment of $1000.00 today 4/14/20,but not the full $1200.00, that I qualify for.
    Are you SURE that deposit was the Stimulus payment? Did you by chance apply for the EID loan (which is likely $1000, unless you have employees)?

    Leave a comment:


  • MichaelDi09
    replied
    Originally posted by FEDUKE404

    Have you filed (recently) your 2019 Form 1040?
    If so, perhaps your payment was based upon your 2018 tax return.
    Depends on where/when the IRS got the taxpayer information to use for the stimulus calculation.
    its based on 2018 figures. I don't see anything anywhere in rules . Well under the 75k.

    Leave a comment:


  • MichaelDi09
    replied
    I received my stimulus payment of $1000.00 today 4/14/20,but not the full $1200.00, that I qualify for. From all calculations , including my AGI of $27650.00, I don't see why I was shorted the full $1200.00.
    Appreciate any insight? Please provide link, if you found reason.
    I have No outstanding Tax liabilities, with the IRS.

    Leave a comment:


  • Lion
    replied
    Can the banks really hold the stimulus payments for more than 24 hours?

    Leave a comment:


  • ATSMAN
    replied
    I believe the pending status ends on 4/15. I had a client e-mail me his bank online statement and it clearly showed that date.

    Leave a comment:


  • Twin Turbo Z
    started a topic Stimulas payments pending on a few clients

    Stimulas payments pending on a few clients

    Had a few call and tell us their stimulus is pending in the bank accounts. Be funny if they show pending for a few months !!!
Working...