A spokesperson didn’t comment when asked whether the agency would penalize people for holding onto their mistaken checks, if returning the funds is entirely voluntary, or whether the IRS will release more guidance.Ī spokesperson for the Treasury Inspector General for Tax Administration said the watchdog is aware of more recent situations in which people are receiving duplicate stimulus payments and will include the issue in an upcoming report on the IRS’s distribution of this round of checks.
In online FAQs- guidance that is subject to change and lacks legal authority-the IRS tells people who believe they have received a payment erroneously to “return one of the payments” using a step-by-step process outlined in another FAQ. Tax and legal professionals aren’t entirely sure what the consequences of holding onto erroneous payments will be. Recently some people who receive Social Security benefits have received duplicate payments under March’s $1.9 trillion relief law ( Public Law 117-2). Last spring, the IRS paid out more than $69 million in erroneous stimulus checks under the CARES Act (Public Law 116-136) within two months of its enactment, many stemming from changes in marital status, according to the internal IRS watchdog that tabulated them. Confusion abounds for individuals who have received multiple relief payments from the IRS-including whether they will be penalized for keeping the extra money.
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