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OSWEGO, NY (May 7, 2020) – The IRS is requiring that economic impact payments made to deceased or jailed individuals be repaid.

Per a bulletin posted by the IRS through www.irs.gov, deceased or jailed individuals do not qualify for economic impact payments. A payment made to someone who died before receipt of the payment, or is incarcerated, should be returned to the IRS.

Return the entire payment unless the payment was made to joint filers. In this instance, only return the portion of the payment made to the deceased or incarcerated individual.

Payments should be returned as described below.

If the payment was a paper check:

-       Write "Void" in the endorsement section on the back of the check.

-       Mail the voided Treasury check immediately to the appropriate IRS location listed below.

-       Don't staple, bend, or paper clip the check.

-       Include a note stating the reason for returning the check. 

If the payment was a paper check and you have cashed it, or if the payment was a direct deposit:

-       Submit a personal check, money order, etc., immediately to the appropriate IRS location listed below.

-       Write on the check/money order made payable to “U.S. Treasury” and write 2020EIP, and the taxpayer identification number (social security number, or individual taxpayer identification number) of the recipient of the check.

-       Include a brief explanation of the reason for returning the EIP.

Please send your paper check to the address below (for New York residents only):

Brookhaven Refund Inquiry Unit
5000 Corporate Ct.
Mail Stop 547
Holtsville, NY 11742


For more detailed information, members are asked to visit the Economic Impact Payment Information Center via the IRS website at www.irs.gov/coronavirus/economic-impact-payment-information-center#more.

Compass Federal Credit Union, established in 1966, services more than 7,000 members in the Oswego County community. Compass takes great pride in serving its members with responsive and exceptional personal service, security of member’s funds, competitive rates and programs and continued growth.

To learn more about Compass Credit Union’s services, or to see a listing of locations, visit online at www.compassfcu.com. Compass Credit Union’s main office, located at 131 George St. in Oswego, can also be reached by phone at (315) 342-5300.

Compass Credit Union can be found on social media via Facebook at www.facebook.com/CompassFCU.

About Compass Credit Union: Established in 1966, Compass Credit Union has expanded from its original 74 members, to servicing more than 7,000 members in the Oswego County community. Compass Credit Union aims to serve its members with responsive and exceptional personal service, security of member’s funds, competitive programs and continued growth.

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