Keeping Economic Impact Payment Notice

If you received an Economic Impact Payment, you would have received Notice 1444, Your Economic Impact Payment.  This Notice should be kept with your tax records for tax year 2020. This notice provides information about the amount of the payment, how the payment was made and how to report any payment that wasn’t received.

For security reasons, the IRS will mail this notice to each recipient’s last known address within 15 days after the payment goes out. It’s especially important for people to keep this notice if they think their payment amount is wrong. When filing the 2020 tax return, taxpayers can refer to Notice 1444 and claim additional credits, if the taxpayer is eligible for them.

This Notice should be kept with a copy of your tax returns and all other important tax records.  The IRS recommends keeping these documents for at least three years.  A prior return can contain information needed to prepare a subsequent return. 

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Established in 1876, Capehart Scatchard is a diversified general practice law firm of over 90 attorneys practicing in more than a dozen major areas of law including alternative energy, banking & finance, business & tax, business succession, cannabis, creditors’ rights, healthcare, labor & employment, litigation, non-profit organizations, real estate & land use, school law, wills, trusts & estates and workers’ compensation defense.

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