IRS Admits Thousands of More Errors in Rebate Check Processing
And just when we thought the IRS had a handle on things… After admitting that 350,000 taxpayers were underpaid on their tax rebates because of an omission of the child tax credit, the IRS has another mea culpa: they’ve been misdirecting tax rebates to the wrong accounts.
According to an article in Newsday, an IRS representative had indicated that as many as 15,000 rebate checks were misdirected as part of a “computer glitch.” An IRS spokesman would not confirm the number of misdirected checks - or the reason - but did admit that there had been “instances of problems.”
If you see a check in your bank account that doesn’t belong there, don’t spend it. The IRS warns taxpayers that misdirected IRS direct deposits should be reported to the bank and improper paper checks must be mailed back to the IRS.
What’s next, I wonder? And exactly how much is this (repeated) fiasco costing us?
