Since the 17th, many people’s bank accounts have already received the third $1,400 of the Epidemic Relief Payment (Economic Impact Payments) from the federal government, but there are also many people waiting for the IRS to speed up the processing, including direct deposit or mail. This year’s tax filing period began on February 12, and if the first and second rounds of relief payments did not receive their full amount, taxpayers can convert the amount of relief they should have received into a refund by filling out the relevant application forms when filing their tax returns. This is what happened to a Chinese in Flushing.
Li Xiaoyun (pseudonym) was preparing to file her tax return this year, and many of her friends who had not yet filed their tax returns this year had received $1,400 in relief, but she still did not see the money on her own books. She couldn’t remember how the last $600 had arrived, so she looked up her bank statement and discovered by surprise that she hadn’t received the second $600 in relief money. Later, she went Home to check the 1444-B notice the IRS sent her on March 12, which stated that a check or credit card had been mailed to her for the $600.
After finding out that she did not receive the $600 in relief money, Ms. Li looked at the IRS Notice 1444-B that was sent to her on March 12.
(Linzhao Li / The Epoch Times) The IRS website had an announcement on Feb. 16 that all first and second rounds of relief payments to individuals had been sent out, and perhaps some second rounds were still on their way in the mail.
In other words, it is likely that Li Xiaoyun’s second relief payment was lost in the mail.
Epidemic relief payments to individuals are equivalent to an annual tax credit issued in advance by the IRS and can be claimed on Form 1040 or Form 1040-SR for the amount of relief to which the taxpayer is entitled but has not received in full. Those eligible to apply also include those who were dependents in 2019 but are overage and become independent tax filers in 2020, as well as those who are newly converted to tax residents (also known as Resident Aliens) in 2020, among others.
Moreover, the 1444 and 1444-B notices sent by the IRS are proof that the IRS actually issued the first and second rounds of relief to the individual, respectively, and need to be retained by the recipient to have documentary evidence of being approved. The IRS advises taxpayers who have recently moved to notify the IRS of the change of address in the quickest way possible, which is to file their 2020 tax return online.
Li Xiaoyun is glad that she has not finished filing her tax return yet and can join the 1040 application form. Her $600 bailout will be converted into a bailout refund after she files her tax return.
Recent Comments