Case in point: the stimulus checks that many Americans are receiving right now.
The IRS has issued guidance stating that the money should be returned immediately and anyone who dies before receiving the payment does not qualify for a check.
Note that if you receive a stimulus check on behalf of your surviving spouse and you file a joint tax return, you are only required to return your deceased spouse’s half of the money.
The steps to return the payments according to the IRS are as follows:
Direct deposit payments
- Step 1: Mail a personal check or money order for the correct amount to your state’s IRS refund inquiry unit.
- Step 2: Make the check or money order payable to “U.S. Treasury” and write “2020EIP” and the decedent’s Social Security number or individual taxpayer identification number.
- Step 3: In the envelope, include a note that explains why the check is being returned.
Paper check payments, but the check has been cashed
- Follow the three steps for direct deposit payments above.
Paper check payments that have not been cashed
- Step 1: Write “Void” on the back of the check in the endorsement section.
- Step 2: Don’t staple, bend or paper clip the check.
- Step 3: In the envelope, leave a note that details why you’re returning the check.
- Step 4: Mail the voided check to your state’s IRS refund inquiry unit.
To figure out where to mail your stimulus check payback based on the state you live in, visit the Economic Impact Payment Information Center on the IRS website and go to Question 41.
What Do We Do as California Estate Planning Attorney Specialists?
The lawyers and staff at CunninghamLegal help people plan for some of the most difficult times in their lives; then we guide them when those times come.
Make an appointment to meet with CunninghamLegal for California Estate Planning and Trust Administration. We have offices throughout California, and we offer in-person, phone, and Zoom appointments. Just call (866) 988-3956 or book an appointment online.
Please also consider joining one of our free online Estate Planning Webinars.
We look forward to working with you!
Best, Jim
James Cunningham Jr., Esq.
Founder, CunninghamLegal
At CunninghamLegal, we guide savvy, caring families in the protection and transfer of multi-generational wealth.
