Thursday, October 08, 2009

We want these guys to run health care

From taxprof.......

The Treasury Inspector General for Tax Administration yesterday released Evaluation of the Planning, Computation, and Issuance of the Recovery Rebate Credit (2009-40-129), reporting that:

  • The IRS issued more than $96 billion in advanced economic stimulus payments (up to $1,2000 for married couples filing jointly) to more than 119 million taxpayers in Calendar Year 2008 and approximately $8.5 billion in payments to almost 21 million taxpayers as of April 17, 2009.
  • 259,000 taxpayers did not receive $84.6 million in payments due to various IRS errors.
  • 141,000 taxpayers received $60.6 million in payments for which they were ineligible due to various IRS errors.

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