Rossen Reports: IRS announces new rules to get stimulus money

Hey, we wanted to get right on the air with you because the I R s has just issued this urgent new alert about that second stimulus payment the $600 payment that you're expecting. And this impacts millions of people. The I R s now saying we sent this money out so fast just now that we made some mistakes. We sent the money to accounts that air closed. We sent the payments to places we shouldn't have. So a lot of you are logging into the I. R s dot gov website and going into the get my payment tool right here like they've been telling you to dio and you're getting this message payment number two status not available. It's also impacting millions of you that use tax preparation services like H and R Block in TurboTax, who now say they're working with the I. R. S to fix the mist, ake and read deposit the money into your correct accounts in the coming days. But if you don't get your money in the coming days and weeks, it means it didn't work, and you won't get your payment automatically. So the IRS is saying, Here's what they want you to dio As soon as the 2020 tax season starts and you're you know, you're getting your taxes ready to to apply to the I. R s, which is very soon apply for the recovery rebate credit on your taxes, and that is the fastest way to get that second stimulus payment. Plus, they want you to file your taxes Elektronik Lee, this year with your updated bank account information, even if you think they have it already updated. File your taxes. Elektronik Lee. That will be the fastest way to get the money again. The I. R. S saying they're bad. They sent the money out so fast. That's the reason this happened. But millions of you now have a way to get that money on your taxes. And we wanted to let you know back to you

The IRS is now saying there have been some mistakes made in getting stimulus payments out. Millions of people are checking the “Get My Payment” tool on the website and seeing the message “Payment Status #2 – Not Available.” So what happened?The IRS was in a rush to get the payments out by Jan. 15. Payments were then sent to bank accounts that are closed or no longer active. This happened to some that used tax preparation services. Tax preparation companies sometimes set up temporary accounts for people when they prepare returns. This will happen for people who choose to have preparation fees deducted from their refund. After you get your money, the account is closed but could still be linked in the IRS records. What’s being done to fix it?Payments that can’t be processed must be returned to the Treasury. Tax preparation companies say they are trying to work with the IRS to get those payments to you automatically. TurboTax says they expect to have corrected the problem and will begin depositing money into the correct accounts within days. On the website, TurboTax gives resources for you to keep updated on your payment. H&R Block is doing the same, trying to get money into bank accounts or sending out prepaid debit cards. The company also tweeted a phone number you can call to get help accessing your payment: 1-800-HRBLOCK. TaxSlayer also says they’re working with the IRS to correct the problem. Check here for customer service resources. Jackson Hewitt says this will cause major delays and suggest you take action when filing your 2020 taxes. Here are resources from the tax preparation service. What you may need to do.Check your status on the “Get My Payment” tool first. If it was sent to an unfamiliar account, it could be one of those temporary accounts. If you get the “Not Available” message, that means your payment isn’t coming just yet. Right now, it’s a waiting game. No matter what, these payments will be delayed. If you don’t get your $600 payment by the time you file your taxes, you’ll need to take action yourself to get that money:File your taxes electronically. Make sure you have updated bank account information. Claim the Recovery Rebate Credit on your tax return.

The IRS is now saying there have been some mistakes made in getting stimulus payments out.

Millions of people are checking the “Get My Payment” tool on the website and seeing the message “Payment Status #2 – Not Available.”

So what happened?

The IRS was in a rush to get the payments out by Jan. 15. Payments were then sent to bank accounts that are closed or no longer active. This happened to some that used tax preparation services. Tax preparation companies sometimes set up temporary accounts for people when they prepare returns. This will happen for people who choose to have preparation fees deducted from their refund. After you get your money, the account is closed but could still be linked in the IRS records.

What’s being done to fix it?

Payments that can’t be processed must be returned to the Treasury. Tax preparation companies say they are trying to work with the IRS to get those payments to you automatically.

says they expect to have corrected the problem and will begin depositing money into the correct accounts within days. On the website, TurboTax gives for you to keep updated on your payment.
is doing the same, trying to get money into bank accounts or sending out prepaid debit cards. The company also you can call to get help accessing your payment: 1-800-HRBLOCK.
also says they’re working with the IRS to correct the problem. Check for customer service resources.
says this will cause major delays and suggest you take action when filing your 2020 taxes. Here are from the tax preparation service.

What you may need to do.

Check your status on the “” tool first. If it was sent to an unfamiliar account, it could be one of those temporary accounts. If you get the “Not Available” message, that means your payment isn’t coming just yet. Right now, it’s a waiting game. No matter what, these payments will be delayed.

If you don’t get your $600 payment by the time you file your taxes, you’ll need to take action yourself to get that money:

File your taxes electronically.
Make sure you have updated bank account information.
Claim the on your tax return.

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