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Interpreting stimulus payment notice

 

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Subject Author Date
Interpreting stimulus payment notice Ian Pilcher 05-07-2008
Posted by Ian Pilcher on May 7, 2008, 12:24 pm
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I e-filed my 2007 1040 and received my refund via Direct Deposit back in
February. Subsequently, I filed an amended return to claim the
Residential Energy Credit and received a $200 paper check. (I couldn't
claim the credit on my initial filing; at the time, the IRS wasn't able
to process form 5695 because of the late AMT changes.) Because of this,
I'm unsure whether my stimulus payment will be Direct Deposited or
physically mailed.

My SSN puts me in the first "bucket" for economic stimulus payments.
Accordingly, it should have been transmitted no later than May 2, if it
were going to be Direct Deposited. Thus far, there has been no sign of
it in my checking account.

I have also received a mailed notice from the IRS claiming that I can
"expect" my payment by May 9. It would certainly be nice to think that
this means it has been sent electronically, but I've never seen an
electronic payment take this long (assuming it was transmitted on the
2nd).

Anyone able to interpret these chicken bones?

Thanks!

--
========================================================================
Ian Pilcher arequipeno@gmail.com
========================================================================

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Posted by Condor on May 8, 2008, 12:23 am
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>I e-filed my 2007 1040 and received my refund via Direct Deposit back in
> February. Subsequently, I filed an amended return to claim the
> Residential Energy Credit and received a $200 paper check. (I couldn't
> claim the credit on my initial filing; at the time, the IRS wasn't able
> to process form 5695 because of the late AMT changes.) Because of this,
> I'm unsure whether my stimulus payment will be Direct Deposited or
> physically mailed.

There are 8 circumstances that will flip a direct deposit ESP to a paper
check. Some of them are explained in the ESP FAQs on irs.gov. Your
situation is one of the circumstances that probably isn't addressed.

Due to the fact that you filed an amended return and received a second
refund via paper check after the original direct deposit refund was issued,
your ESP will go out by paper check. Your rebate should be mailed one week
following the direct deposit date listed for your SSN on irs.gov.


Condor

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>

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