https://twitter.com/TeamTurboTax/status/[phone number removed]3923712?s=20
was this accurate on the this Tweet regarding "can be claimed" but was NOT claimed and also answered next question "will they claim you on return" = NO
If this box in your 1040 form is checked then you are not eligible. The question is "can" you be claimed - whether you are actually claimed of not.
This is what the IRS says:
https://www.irs.gov/coronavirus/economic-impact-payment-information-center
A1. You may be eligible to receive a Payment if you:
Additional information about eligibility for the Payment can be found in the Get My Payment Frequently Asked Questions.
so basically that Tweet from @TurboTax Support is wrong?
because we see too many contradicting answers.
it doesnt make sense that the question "can you be claimed" = YES would result in not receiving a stimulus check --- even if you make too much money and was not even eligible to be claimed.
@amigz wrote:
so basically that Tweet from @TurboTax Support is wrong?
because we see too many contradicting answers.
it doesnt make sense that the question "can you be claimed" = YES would result in not receiving a stimulus check --- even if you make too much money and was not even eligible to be claimed.
That is the IRS answer right from the IRS and I posted the reference link.
And that is how Congress wrote the law.
Now you are asking a different question. For that box to be checked, you must answer the question that you *can* be claimed. If you are not eligible to be claimed, then you should not have checked that box, and if you checked it in error then submitting a mailed amended return with the box unchecked it the only remedy.
If you filed, it is like dropping it into the mail - you cannot get it back if accepted by the IRS or state.
To amend your 2019 tax return:
-- First, *wait* to see if your return has been accepted or rejected by the IRS or state. DO NOT do anything until you receive the accept or reject e-mail.
-- If rejected, you can correct and re-send your return.
-- If accepted you should *wait* until your return has been processed and you receive your refund or conformation that any tax due has been paid. (If you file an amended return while you first return is being processed it can cause extended delays for both returns if two returns are in the system at the same time). In addition, if the IRS makes any change on your original return, you might end up having to amend the amendment – a sticky process that can take a year or more).
-- Then you can start the amend process.
-- Amended returns can only be mailed - allow 8-12 weeks - can take up to 16 weeks (4 months) for processing.
***************************************NOTE***********************************************
Amended returns can take up to 16 weeks (4 months) to process in normal times but due the the Corona virus shutdown the IRS is not even opening mailed returns at this time and just storing them so the 16 weeks will not even start until the IRS returns to normal - whenever that will be - and there will be a huge backup of mail.
https://www.irs.gov/newsroom/irs-operations-during-covid-19-mission-critical-functions-continue
********************************************************************************************
See this TurboTax FAQ for help with amending:
https://ttlc.intuit.com/questions/1894381-how-to-amend-change-or-correct-a-return-you-already-filed
You can check the status of your amended return here but allow 3 weeks after filing for it to show up:
https://www.irs.gov/filing/wheres-my-amended-return
we all can find posting from IRS too.
still think the information the information that TurboTax Support is not %100 accurate.
https://www.irs.gov/newsroom/heres-how-much-individuals-will-get-from-the-economic-impact-payments