Economic Impact Payments (EIPs) totaling $1.4 billion were sent to deceased persons, said the Treasury Inspector General for Tax Administration. How did that happen? The Government Accounting Office (GAO) said, in the interest of speed, initial batches of EIPs went out without reference to Social Security Administration death records. If similar payments are made in the future, added the GAO, “both Treasury and IRS having full access to death data will help ensure the integrity of direct payments to individuals.” Also, the IRS needs “cost-effective options for notifying ineligible recipients” of EIPs how to return these payments, said the GAO. Here’s the report. https://bit.ly/3eSssiI Call or visit our website for more information! www.mjscpa.com/
