Bankrate.com senior economic analyst Mark Hamrick discusses a study that shows Americans are becoming increasingly concerned about money.
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The IRS issued updated guidance on Wednesday regarding how both nonresident aliens and family members, relatives or friends of dead individuals who received economic impact payments can send those checks back to the government.
On its website, the agency clarified that neither nonresident aliens nor dead Americans are eligible for the payments and instructed that, unless the payment was made to joint filers and one spouse is still alive, the entire check should be returned.
The return instructions differ based on whether the payment was made by paper check or direct deposit.
For those who received a paper check, individuals should write “void” on the check and mail it to a designated IRS location, which can be found here. A note should be included…
