Second stimulus payment

Forum|Forum|5 years ago
February 10, 2021
2 replies
20 views

Deceased clients apparently did not get the second stimulus payment. How should I respond in the worksheet - if I put a zero for the amount received, it pops up as a refund. Shall I assume that the IRS will sort this out and not include it in the refund?

ProSeries Professional

This topic has been closed for replies.

Best answer by qbteachmt

"Deceased clients apparently did not get the second stimulus payment."

Did they die in 2020? Because 2020 is all that matters.

Perhaps it would help to review what is really happening:

The funds were paid out as Advanced payment against a projection. The projection used 2018 or 2019 tax returns. But 2020 is the Actuals. You use the 2020 return to reconcile what a person is entitled to, against what they got.

You might want to bookmark these links and read the IRS guidance.

https://www.irs.gov/newsroom/economic-impact-payment-information-center-topic-a-eip-eligibility

https://www.irs.gov/coronavirus/second-eip-faqs#Eligibility

One for each EIP.

IRonMaN

Level 15

If they were alive for one day in 2020, they are entitled to the full credit.

Slava Ukraini!

qbteachmtAnswer

Level 15

"Deceased clients apparently did not get the second stimulus payment."

Did they die in 2020? Because 2020 is all that matters.

Perhaps it would help to review what is really happening:

The funds were paid out as Advanced payment against a projection. The projection used 2018 or 2019 tax returns. But 2020 is the Actuals. You use the 2020 return to reconcile what a person is entitled to, against what they got.

You might want to bookmark these links and read the IRS guidance.

https://www.irs.gov/newsroom/economic-impact-payment-information-center-topic-a-eip-eligibility

https://www.irs.gov/coronavirus/second-eip-faqs#Eligibility

One for each EIP.

Don't yell at us; we're volunteers

G

GretaAuthor

Level 7

Clients died mid-2020, so they correctly did not receive their $600 second stimulus. But if I check the box that indicates they did not receive it, the $600 appears as part of the refund. But they are not entitled to it. Do I leave it in the refund, or do I respond otherwise in the stimulus worksheet.

qbteachmt

Level 15

"so they correctly did not receive their $600 second stimulus."

But that is Wrong. Did you follow those links to learn?

Don't yell at us; we're volunteers

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