Discussion:Economic Stimulus Payment Owed, But Not Paid

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This just seems ridiculous and totally unfair to me, but I don't think there is anything that can be done about it. I'm not looking forward to explaining to my client that his procrastination cost him $1,400. I'm afraid he may think I did something wrong, which is not the case. Have any of you experienced this???}} This just seems ridiculous and totally unfair to me, but I don't think there is anything that can be done about it. I'm not looking forward to explaining to my client that his procrastination cost him $1,400. I'm afraid he may think I did something wrong, which is not the case. Have any of you experienced this???}}
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 +{{ForumReplyPost|UserID=FLAcct|Date=6 November 2009|Text=I forgot to mention...
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 +This year he procrastinated even more and I am still waiting for some information to finish his 2008 tax return, so it will be filed late. Will he be entitled to the Recovery Rebate Credit on a late filed return?
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 +Thanks.
 +}}

Revision as of 21:27, 6 November 2009

Discussion Forum Index --> Basic Tax Questions --> Economic Stimulus Payment Owed, But Not Paid
Discussion Forum Index --> Tax Questions --> Economic Stimulus Payment Owed, But Not Paid

FLAcct (talk|edits) said:

6 November 2009
I filed my client's 2007 tax return on October 15, 2008. (He is a major procrastinator.) He was entitled to an $1,800 Stimulus Payment. In Jan 2009 he received a notice from the IRS saying that they were not able to process/mail his Stimulus Payment by Dec 31, 2008 (which they were required by law to do) so he would not be receiving the payment. They said he may be able to claim a credit on his 2008 tax return. Well his income was a lot higher in 2008 so he only qualifies for $400 of the rebate.

This just seems ridiculous and totally unfair to me, but I don't think there is anything that can be done about it. I'm not looking forward to explaining to my client that his procrastination cost him $1,400. I'm afraid he may think I did something wrong, which is not the case. Have any of you experienced this???

FLAcct (talk|edits) said:

6 November 2009
I forgot to mention...

This year he procrastinated even more and I am still waiting for some information to finish his 2008 tax return, so it will be filed late. Will he be entitled to the Recovery Rebate Credit on a late filed return?

Thanks.