Millions of stimulus checks sent to wrong bank accounts, tax firms claim
http://nypost.com/2021/01/08/stimulus-checks-sent-to-13m-invalid-bank-accounts-tax-firms/
The Internal Revenue Service sent millions of Americans’ stimulus checks to the wrong bank accounts, tax preparers say — a mistake the feds are now trying to fix.
The agency “inadvertently sent payments to over 13 million bank accounts that are no longer open or valid,” forcing affected banks to return the money to the US Treasury, according to tax-preparation service Jackson Hewitt.
The estimate is the latest sign that the IRS’ rollout of the $600 coronavirus relief payments suffered from a large-scale glitch as the agency worked to distribute the money by Jan. 15.
The IRS said Friday that it’s working to get the misplaced funds into Americans’ correct bank accounts. That marks a shift from earlier this week, when officials indicated that unlucky taxpayers would have to claim the payments on their 2020 tax returns later this year.
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Mad Poet Strikes Again.
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