So an update for those wondering. The IRS says about 80 million of 150 million payments went out.
They now have a tool called Where's my Payment, that seems about worthless. There is a message "Unable to determine if you are eligible" or similar wording that is sort of a catch all for anything that might have prevented the payment, if they tried to issue it.
They are only updating that system once a day, and it keeps crashing.
Of all the clients that called me about this, only one single client was able to actually enter some verifying information and then enter a routing and account number. That client had direct DEBIT attached to the 2018 and 2019 returns (owed money).
We are currently not sure if the IRS will only direct deposit if they previously had authorization to deposit money. I had previously assuming if there was any bank information attached to the return it would be good to go.
Interested to hear anyone's experiences with this, or try to answer any questions any of your have.
Good luck!
They now have a tool called Where's my Payment, that seems about worthless. There is a message "Unable to determine if you are eligible" or similar wording that is sort of a catch all for anything that might have prevented the payment, if they tried to issue it.
They are only updating that system once a day, and it keeps crashing.
Of all the clients that called me about this, only one single client was able to actually enter some verifying information and then enter a routing and account number. That client had direct DEBIT attached to the 2018 and 2019 returns (owed money).
We are currently not sure if the IRS will only direct deposit if they previously had authorization to deposit money. I had previously assuming if there was any bank information attached to the return it would be good to go.
Interested to hear anyone's experiences with this, or try to answer any questions any of your have.
Good luck!