Marie Posted May 21, 2020 Report Posted May 21, 2020 Husband died in september of 2019. wife received $2400 just in her name. I think she should be able to keep, but I've been reading that deceased checks are required to be sent back. What should we do? Quote
Lion EA Posted May 21, 2020 Report Posted May 21, 2020 The FAQs say return $1,200. The CARES Act says keep it. I'm telling clients to wait for potential clarification; hold it; don't spend it. Read the recently updated (6 May) FAQ 10 and 54 (11 May) and make up your own mind. We're all just guessing at this point. https://www.irs.gov/coronavirus/economic-impact-payment-information-center 4 Quote
Lee B Posted May 21, 2020 Report Posted May 21, 2020 Actually the CARES ACT didn't say keep it, it just didn't say anything to tell the IRS not send these checks. Quote
Lion EA Posted May 21, 2020 Report Posted May 21, 2020 Yes, The CARES Act just says that when reconciling the EIP on 2020 returns in 2021 that the 2020 EIP credit would be reduced by advance payments, but not below zero. Quote
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