Thursday, May 15, 2008

IRS: Some stimulus checks sent to wrong accounts

excerpt from:
IRS: Some stimulus checks sent to wrong accounts
-- -- Newsday.com

Through the wonders of modern technology, some of those federal economic stimulus checks are being deposited directly into recipients' bank accounts.

But some are not - and are instead winding up in the bank accounts of complete strangers.

"We do know of instances of problems; we've heard of situations where stimulus checks have gone to the wrong people's bank accounts," conceded Kevin McKeon, the Internal Revenue Service spokesman for the New York region. "We're getting a lot of calls to the toll-free number."

One local taxpayer, who asked not to be identified, reported that he had discovered an unexpected deposit of $1,800 in his bank account. He said a review of his bank records revealed that it was a deposit from the IRS bearing another taxpayer's Social Security number. He said he contacted the IRS and was told by an agent that the deposit was one of 15,000 misrouted checks sent out incorrectly as a result of a computer programming glitch
.

"Overall, the vast majority of stimulus payments are going out timely and accurately to taxpayers," the IRS said in a statement issued in response to questions from Newsday. "To date more than 29 million stimulus payments totaling more than $27 billion have been issued.

"As taxpayers contact us with questions regarding the amount or the timing of their own stimulus payment, the IRS is providing answers and resolving taxpayer-specific issues."

McKeon directed those awaiting stimulus or 2007 tax refund checks to

http://www.irs.gov/individuals/article/0,,id=181665,00.html , or the toll-free service Refund Hotline at 800-829-1954.

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