Second stimulus payment

Forum|Forum|5 years ago
February 10, 2021
14 replies
36 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

Ah, rereading your response: To reconcile, I indicate in the worksheet what they are entitled to -- which is zero. Let me go back to the worksheet.

G

GretaAuthor

Level 7

"what they are entitled to -- which is zero"

Nope. As long as they had a pulse at 12:01am on 1/1/20, they are entitled to the full credit. The software knows what it is doing as long as you have the correct amounts entered in for what they actually received by check or direct deposit for the year.

OK, I finally get it. If they were alive on day 1 of 2020, they are entitled to the $600. It's just curious that neither of my two clients who died in July and in November 2020 received the $600. Only their spouses received the stimulus.

On a personal note, I received a check for $600 addressed just to me, but my husband of 50+ years who is fully alive received nothing. Odd.

Sign up

Login with SSO

Let's get you signed in

Login with SSO