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May 11, 2020 – The IRS has released guidelines on how to return an Economic Impact Payment (EIP). If your deceased loved one received a payment, follow these steps to return the EIP.

If the payment was a paper check:

  1. Write “Void” in the endorsement section on the back of the check.
  2. Mail the voided Treasury check immediately to the appropriate IRS location as listed on the IRS website linked below.
  3. Do not staple, bend, or paper clip the check.
  4. Include a note stating the reason for returning the check.

 

If the payment was a paper check and you have cashed it, or if the payment was a direct deposit:

  1. Submit a personal check, money order, etc. immediately to the appropriate IRS location as listed on the IRS website linked below.
  2. Write on the check/money order made payable to “U.S. Treasury” and write “2020EIP” and the taxpayer identification number (social security number or individual taxpayer identification number) of the recipient of the check.
  3. Include a brief explanation of the reason for returning the EIP.

 

For more information, visit the IRS website and scroll down to Q41, “What should I do to return an Economic Impact Payment?” The website is linked here: https://www.irs.gov/coronavirus/economic-impact-payment-information-center?utm_campaign=NEWSBYTES-20200507&utm_medium=email&utm_source=Eloqua

 

 

Posted in COVID-19 by Decorah Bank on May 11, 2020.

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