Eip

Collapse
X
Collapse
 
  • Page of 1
  • Time
  • Show
Clear All
new posts
Previous template Next
  • peggysioux
    Senior Member
    • Sep 2006
    • 666
    #1

    Eip

    I have an elderly taxpayer who inadvertently destroyed the EIP debit card without using. He thought it was fraudulent. Being he did not withdraw any funds from the card that was issued, would other tax preparers claim the $600 EIP on 2020 tax return.

    Peggy Sioux
    Tags: None
    • Rapid Robert
      Senior Member
      • Oct 2015
      • 1983
      #2
      Originally posted by peggysioux
      Being he did not withdraw any funds from the card that was issued, would other tax preparers claim the $600 EIP on 2020 tax return.
      No, because the IRS will just disallow the RRC on the tax return because he already received the advance EIP. Whether or not he spent the advance is irrelevant. Somewhere on the IRS web site I'm pretty sure they provide instructions for your scenario.
      "You said it, they'll never know the difference. Come on, we'll paint our way out!" - Moe Howard
      "That's enough! When you didn't know what you were talking about, you really had something! [to Curly]" -Moe Howard      ​

        Comment

        • peggysioux
          Senior Member
          • Sep 2006
          • 666
          #3
          Thank you for the response. In my research, I found that if a taxpayer lost or accidentally threw away card, they can call 800.240.8100, option 2, for a replacement. There is no charge for first replacement.

          Peggy Sioux

            Comment

            • taxmandan
              Senior Member
              • Oct 2005
              • 1037
              #4
              I've had clients do the same. I saw one of the envelopes and letters and I would probably have shredded it too, it does look like a scam. Some bank no one has ever heard of, plain white envelope with only one sentence saying that this is from the US Treasury, no IRS identifiers. The rest of the letter is right out of that letter from a Nigerian prince who has $12mil he want your help securing. Doesn't help that theIRS didn't really announce that they would be sending out debit cards instead of paper checks.
              "A man that holds a cat by the tail learns something he can learn no other way." - Mark Twain

                Comment

                • Rapid Robert
                  Senior Member
                  • Oct 2015
                  • 1983
                  #5
                  Originally posted by taxmandan
                  it does look like a scam. Some bank no one has ever heard of, plain white envelope with only one sentence saying that this is from the US Treasury, no IRS identifiers. The rest of the letter is right out of that letter from a Nigerian prince who has $12mil he want your help securing.
                  Really? Could you please quote some of the "Nigerian prince" language from the letter you saw?

                  For it to be a scam, at some point there needs to be a request to send some money somewhere. Did the letter say anything about sending money?

                  "You said it, they'll never know the difference. Come on, we'll paint our way out!" - Moe Howard
                  "That's enough! When you didn't know what you were talking about, you really had something! [to Curly]" -Moe Howard                  ​

                    Comment

                    • ValRose
                      Junior Member
                      • Mar 2016
                      • 21
                      #6
                      Wow and seems you can ONLY ask for a replacement. So I also have a 90 year old, who will get so confused about receiving the replacement too. But
                      BIGGER ISSUE--Metabank line doesn't ask WHICH card!! So if he DID get the 2nd card, and I want the FIRST re-issued--OY VEY! No live human anywhere riight?....

                        Comment

                        Previous template Next

                        Disclaimer

                        Collapse

                        This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.

                        Working...