Our check has the family member's name on it and on the same line it literally says "Deceased". I kid you not.
FWIW, I am not sure your friend as the next of kin and presumably executor of her will would be fraudulently cashing the check.
I just read an article quoting Mnuchin as saying that you should return the check but in the same article an accountant points out that the the CARES Act never included the IRS with a "Clawback" provision and the IRS has no instructions on how to return said checks.
"Speechless in Seattle"
My son is 24 and we claimed him last year, so he was ineligible for the check.A little off topic but my daughter in college got one. She is 22, just finished senior year, and I claimed her last year on my return (even though she did also file to get her withholding back since she didn't owe any tax). Neither of us have filed yet for this year, but I was still planning on claiming her. I didn't think she'd get anything, since she is 22 and filed last year as a dependent. Anyone have an opinion on this? Should she cash the check?
It’s an advance payment on 2020 taxes. Assuming she is not a dependent at that time she would still qualify for it. The IRS has no mechanisms to correct these at this point. I would not cash it for the reason that you haven’t filed 2019 yet which would be my only concern.A little off topic but my daughter in college got one. She is 22, just finished senior year, and I claimed her last year on my return (even though she did also file to get her withholding back since she didn't owe any tax). Neither of us have filed yet for this year, but I was still planning on claiming her. I didn't think she'd get anything, since she is 22 and filed last year as a dependent. Anyone have an opinion on this? Should she cash the check?
Hmm ... I've got a 21 year old in a similar situation. We claimed her as a dependent last year and this year, and she filed as a dependent both years. Still, neither of us received any funds. I'd hang on to that cash. Stinks ... college age kids still eat and use up electricity and bandwidth, but you don't get any stimulus for them. However, be aware that there is a bill being passed around, hr6420, that would provide stimulus to dependents that are 19 or younger, or 24 and younger and a student. We'll see where that goes.A little off topic but my daughter in college got one. She is 22, just finished senior year, and I claimed her last year on my return (even though she did also file to get her withholding back since she didn't owe any tax). Neither of us have filed yet for this year, but I was still planning on claiming her. I didn't think she'd get anything, since she is 22 and filed last year as a dependent. Anyone have an opinion on this? Should she cash the check?
A friend emailed me Saturday that he received a $2400 check in the mail. Thing is his wife died last June. He said back then he informed the IRS and SSA that he wife had died. With the check was information saying that if the check is cashed fraudulently, a person could get up to 10 years in prison and a $10,000 fine. He doesn't know what to do. I told him to get early one morning and call the IRS.
Thank you. I have sent this information to my friend.For those that asked. See Q#41 on the link about returning the payment.
https://www.irs.gov/coronavirus/economic-impact-payment-information-center