Web Lookup for Recovery Payments Coming Soon; Automated Phone Service Now Available

The IRS has established an automated telephone service to confirm whether taxpayers received an economic recovery payment in 2009. The Service also said on its Web site that it will provide a Web-based service, “Did I Receive a 2009 Economic Recovery Payment?” for looking up the information, starting March 23.


The automated telephone number, 866-234-2942 (option 1), requires taxpayers to provide their Social Security number, date of birth and ZIP code from their most recently filed tax return.


In 2009, the American Recovery and Reinvestment Act provided for $250 stimulus payments to most U.S. residents receiving Social Security benefits, supplemental security income, railroad retirement benefits or veterans’ pensions or disability compensation. But so far this filing season, no lookup service has been available. Instead, the IRS has directed taxpayers and preparers to call toll-free numbers for the Social Security Administration, Department of Veterans Affairs and Railroad Retirement Board to confirm the payments.


If eligible taxpayers did not receive an economic recovery payment, they may claim the $250 government retiree credit on new Schedule M for Form 1040. The payment or credit reduces dollar for dollar the amount taxpayers may claim for the making work pay credit.



Year-end tax planning and what’s new for 2016

Practitioners need to consider several tax planning opportunities to review with their clients before the end of the year. This report offers strategies for individuals and businesses, as well as recent federal tax law changes affecting this year’s tax returns.


News quiz: Retirement planning, tax practice, and fraud risk

Recent reports focused on a survey that gauges the worries about retirement among CPA financial planners’ clients, a suit that affects tax practitioners, and a guide that offers advice on fraud risk. See how much you know with this short quiz.


Bolster your data defenses

As you weather the dog days of summer, it’s a good time to make sure your cybersecurity structure can stand up to the heat of external and internal threats. Here are six steps to help shore up your systems.