The Internal Revenue Service has apparently just sent 13 million coronavirus stimulus checks to wrong bank accounts.
The Internal Revenue Service sent millions of Americans’ stimulus checks to the wrong bank accounts, tax preparers say — a mistake the feds are now trying to fix.
The agency “inadvertently sent payments to over 13 million bank accounts that are no longer open or valid,” forcing affected banks to return the money to the US Treasury, according to tax-preparation service Jackson Hewitt.
The estimate is the latest sign that the IRS’ rollout of the $600 coronavirus relief payments suffered from a large-scale glitch as the agency worked to distribute the money by Jan. 15.
The IRS said Friday that it’s working to get the misplaced funds into Americans’ correct bank accounts. That marks a shift from earlier this week, when officials indicated that unlucky taxpayers would have to claim the payments on their 2020 tax returns later this year.
This entire system is not only grossly corrupt but it is grossly incompetent. If the government can’t even send out $600 to people in an orderly fashion, why does anybody have any faith that it can solve any of these other massive problems we have? Why does anybody think it should be given additional powers?
And why were these checks necessary to begin with? Well, because the government decided that people had to shut down their businesses and not work because of the flu.
You are either insane or stupid to rely on the government for anything. This is a system that is heading for a massive collapse.
