Don’t mistake your Economic Impact Payment (EIP) for junk mail! The IRS is reminding taxpayers that some people are getting their EIPs in the form of a prepaid debit card, rather than a paper check or direct bank deposit. However, if you haven’t received yours yet, be aware that the EIP debit cards arrive in a plain envelope from “Money Network Cardholder Services.” The IRS explained that the “determination of which taxpayers received a debit card was made by the Bureau of the Fiscal Service, a part of the Treasury Department that works with the IRS to handle distribution of the payments.” EIPs are being sent to help ease the financial impact of the novel coronavirus (COVID-19) pandemic. Call or visit our website for more information! www.mjscpa.com/
