Payroll News

National Taxpayer Advocate testimony discusses status of economic stimulus payments:  The administration of the economic stimulus payment program has been marred by “glitches and frustration, but they have been minor and relatively few,” Nina Olson, the National Taxpayer Advocate, testified before a joint hearing of the oversight and Social Security panels of the House Ways and Means Committee on June 19. The glitches Olson referred to included the following: in about 350,000 cases, taxpayers have not received additional stimulus payments of $300 per child to which they are entitled; approximately 1,500 stimulus payments were sent to the wrong bank accounts and personally identifiable information was compromised; as many as 22,000 taxpayers may have received a notice containing information about a different taxpayer’s stimulus payment; more than 20 million taxpayers who purchased refund anticipation loans or refund anticipation checks must wait up to 10 weeks longer than other taxpayers to receive their stimulus payments; and the “Where’s My Stimulus Payment” feature on the IRS Web site may have limited usefulness and may be contributing to the heavy telephone traffic the agency is experiencing.  The text of the written statement can be viewed at: http://www.irs.gov/pub/irs-utl/ntatestimony_wm_oversight_econstim_061908.pdf

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