IRS Made Errors in Stimulus Payments to 400,000 Taxpayers

The TaxProf Blog examines how the IRS has handled its duty to hand out money under the stimulus. Not well.

* 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.