Wednesday, May 28, 2008

STIMULUS CHECK PROBLEMS

There are a number of our clients that have been receiving incorrect economic stimulus refunds. In most cases they were shorted the $300 per child. We have already received a couple of calls on this and we’ll probably hear from more. The issue was on the IRS’ side and they are correcting it. They will be issuing checks/direct deposits for the difference. Fortunately, our software has identified clients that will most likely be receiving incorrect stimulus checks. If you receive the incorrect amount, be patient; the IRS has a glitch in their system and you should be receiving the difference in the future (we do not know the timing).