Level 7

Economic Impact Payment stimulus received and IRS (!) withdrawal deducted

Forum|Forum|6 years ago
April 15, 2020
2 replies
22 views

Schedule C business received Stimulus and also discovered deducted Payment supposedly by IRS. On the same day, Stimulus received was $2,400 and, Payment deducted approximately $4,500. This client has/had no know delinquent outstanding anything with any relevant federal state or local government entities...

Has anyone else gotten reports of similar happening?

This topic has been closed for replies.

Level 13

Knee-jerk reaction, this has got to be something like a 2019 balance due EFT or maybe a 1Q-ES 2020 payment scheduled a while ago and forgotten about?

Level 15

Agree, especially since $4,500 is such a clean number.

---------------------------------------------------------------------------------Still an AllStar

Level 7

Appreciate all the participation. I will let you know as this continues to unfold.

♫ faint buzzing noise ♪

Level 15

Would love to hear back. I'm curious as to what actually happened.

---------------------------------------------------------------------------------Still an AllStar

Level 7

⚠️ Occam's razor strikes again. It was the previously scheduled 941 deposit. ⚠️

Sorry that's far less satisfying than anticipated. 🤣 Cheers! 🍻

♫ faint buzzing noise ♪