The IRS recently noted that a representative payee is only responsible for managing Social Security (SS) benefits, and an Economic Impact Payment (EIP) isn’t such a benefit. The Social Security Administration (SSA) provides benefit payment management for individuals who are incapable of managing their SS or Supplemental Security Income (SSI) payments by appointing a suitable representative payee to manage the payments on behalf of the beneficiary. But, according to the IRS, representative payees should inform beneficiaries of the EIP and, if a beneficiary wants to use it independently, the representative payee should provide it to the beneficiary. For more information: https://bit.ly/2YJ514j Call or visit our website for more information! www.mjscpa.com/
