ST. LOUIS – Wednesday at noon was the deadline to file for direct deposit with the IRS. If you did not do that, then you will be receiving your stimulus payment in the form of a paper check.
“They plan on starting sometime toward the end of May or early June and probably won’t be done until the first week of August,” said Joe Marchbein, CPA with Rice Sullivan LLC.
If you meet the qualifications, which are listed on the IRS website, you should still be receiving payment. But also know if you received payment and do not actually qualify. You will have to pay it back whether it is because you did not meet the income requirement or for other reasons.
“Like if a person passed away. We’ve had clients that have received checks to a deceased person. So those checks must be returned. The way that works, if you got a paper check you write void where you endorse and send it to the IRS office. In Missouri it is a place in Kansas City and if you’re an Illinois person, it goes to a place in Philadelphia,” said Marchbein.
Meanwhile, you can check online for the status of your payment. Go to IRS.gov and click on the get my check icon. You must log in with your tax information, your social security number, your 18- or 19-income information and your mailing address. Then you push the button and it tells you the status of your check. Unfortunately, that website has been plagued with problems. Marchbein says with most IRS officials out of the office due to the virus, there’s really no other way to obtain the information. But if you qualify you will eventually get credit, according to Marchbein.
“Realize also if you do not get the check for 18 or 19, for whatever reason, when you file your 2020 return you will get that credit for the stimulus payment”.
Marchbein also warns that there are a lot of scams out there right now relating to stimulus checks. He says the IRS will never email you saying you need to return your payment.