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    #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
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    #2
    Originally posted by peggysioux View Post
    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

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      #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
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        #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

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          #5
          Originally posted by taxmandan View Post
          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

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            #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?....

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