Friday 1 May 2020

Thousands of foreign workers are mistakenly getting stimulus checks from the IRS, new report says

FILE - This April 13, 2014, file photo shows the Internal Revenue Service (IRS) headquarters building in Washington. 2019 was another tough year for the IRS, according to a new federal report. Burdened with years of budget cuts and a recent increase in workload to implement a new tax law, the IRS struggled to deliver on its mission in the past fiscal year. The annual report from the Office of Taxpayer Advocate found that in the 2019 fiscal year, among other problems, the agency failed to collect billions in unpaid taxes. (AP Photo/J. David Ake, File)Associated Press

  • Thousands of foreign workers overseas are getting $1,200 stimulus checks due to a glitch in an IRS system.
  • One tax expert says the mistake was likely prompted by the wrong tax forms being used by temporary workers.
  • There are also reports of deceased people receiving stimulus checks in the US.
  • Visit Business Insider's homepage for more stories.

Thousands of foreign workers are getting stimulus checks due to a software glitch that sent money overseas, Politico first reported on Friday. Many were students who had previously studied in the US.

College-aged workers are getting the $1,200 checks in their accounts, the outlet reported. Some have either decided to keep the money, spend it, or try to return it, as the Internal Revenue Service has not offered guidance on this scenario.

See the rest of the story at Business Insider

NOW WATCH: Pathologists debunk 13 coronavirus myths

See Also:



from Feedburner https://ift.tt/3faaKHL

No comments:

Post a Comment

Here's how to invest in the Q3 earnings season as profits re-accelerate despite misplaced recession myths

getty Earnings likely grew for the fifth consecutive quarter in Q3. Top strategists are eyeing 2025 results ahead of what's likel...