After a taxpayer has been issued an Economic Impact Payment, the IRS is required to mail an Economic Impact Notice to the recipient at their last known address. This notice provides information about the amount of the Economic Impact Payment, how it was made, and how to report any payment that wasn’t received.
If you’ve received some mail recently from the Department of Treasury, it may be an Economic Impact Notice. You may even have received multiple notices. Let’s take a look at the different types of notices you may have received:
What to do When You Receive an Economic Impact Notice
Most people will not need to contact the IRS or take any further action and should simply file the notice with their tax records. The IRS cannot issue replacement copies of these notices, so it is important to keep any IRS notices that you receive regarding Economic Impact Payments with your other tax records. Taxpayers who don’t have their notices can view the amounts of their Economic Impact Payments through their online account.
Questions or Concerns?
If you have any questions or concerns about Economic Impact Notices, do not hesitate to call the office
Any accounting, business or tax advice contained in this communication, including attachments and enclosures, is not intended as a thorough, in-depth analysis of specific issues, nor a substitute for a formal opinion, nor is it sufficient to avoid tax-related penalties. If desired, we would be pleased to perform the requisite research and provide you with a detailed written analysis. Such an engagement may be the subject of a separate engagement letter that would define the scope and limits of the desired consultation services.