Update on the stimulus check — The IRS has issued an urgent warning about a’math problem’ on a tax return.


MILLIONS of Americans who’ve received a “math error” on their tax returns are being warned to take action.

Between January 1 to July 15, the IRS sent roughly nine million math error notices – up from just 629,000 during the same period last year.

The increase comes as Americans have been receiving several stimulus checks following the coronavirus crisis.

In fact, around 7.4million notices were related to stimulus payments.

The letters were typically sent out to people who claimed the recovery rebate credit on their 2020 tax returns.

This is a special one-time benefit that most people received in the form of a stimulus check.

Recipients may have received a CP11, CP12, or CP13 notice, according to the IRS.

A CP11 letter means you owe more from your tax return, CP12 that you’re owed more money and CP13 means you neither owe nor get more money.

“Because of the pandemic and how quickly we had to get payments out to people due to legislation, this whole process had to be adjusted,” an IRS spokesperson said.

“The advanced tax credits were paid out immediately which normally would take weeks, even months to process before being sent out.”

If you aren’t sure about the letter, the worst thing you can do if you get one is to do nothing.

If you don’t respond within 60 days of receiving a CP11 notice, the adjustment is final and the IRS can start collections.

Additionally, you’ll lose the right to file a petition in the US Tax Court.

However, there might be an exception to this, as more than five million taxpayers were sent notices without the 60-day language being included.

Because of this, the IRS is resending some letters with clear language, and is restating the time you have to respond.

If you have any concerns about the letter, the Taxpayer Advocate is urging you to contact the IRS on the toll-free IRS number listed on the letter.

Just be aware that taxpayers have had a tough time getting a hold of the IRS so be prepared to wait a while.

Alternatively, you can respond by mail to the address on your notice.

However, if you agree with the IRS’ letter and everything checks out, you don’t need to do anything.

The mess is continuing to unfold just days before millions of Americans receive the fourth batch of the enhanced child tax credit.

Meanwhile, millions of households are still waiting on 2020 tax refunds as almost seven million returns haven’t been processed.

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