Levine, Jacobs & Company Senior Member Guest On CBS 2 News
Michael Karu provided intel on reasons deceased individuals are receiving stimulus checks.
- Newark, NJ (1888PressRelease) May 15, 2020 - Michael H. Karu, CPA/CFF, Senior Member, Levine, Jacobs & Company, LLC, a premier accounting firm, provided much needed insight on the government sending stimulus checks to deceased individuals.
In the segment, “Coronavirus Stimulus Checks Being Sent To Dead People As Unemployed Americans Await Needed Funds”, Karu spoke with reporter, Lisa Rozner, about how, in some cases, this can happen. According to Karu, “Checks are sent based on when someone filed a tax return with the IRS and not the Social Security Administration, which is the agency that tracks deaths.
Karu elaborates further, “So, for example, if somebody passed away at the beginning of 2020 and has not yet filed their 2019 tax return … there would be no indication to the IRS that the person died.”
To view the segment, please click here.
To speak with and/or set up an interview with Levine, Jacobs & Company, LLC, please contact Amy Delman, Amy Delman Public Relations, LLC, 201.563.4614 or amydelmanpr ( @ ) verizon dot net dot
Michael H. Karu, CPA/CFF, is a member of Levine, Jacobs & Company, LLC, a Livingston-based accounting and consulting firm. He is qualified by the Superior Court of New Jersey, Family Part, as an expert witness and as an authority on business valuations, specifically for closely held or family-owned businesses. Additionally, he is a Certified Divorce Mediator and is Certified in Financial Forensics.
Karu received his B.S. degree in Business Administration from The Ohio State University and holds professional memberships in the American Institute of Certified Public Accountants, the AICPA Tax Division and the AICPA Business Valuation, Forensics and Litigation Services Section, as well as the NJ State Society of CPAs. Karu is a published author of numerous articles seen in trade and consumer publications and has been a guest on radio and television shows.
Levine, Jacobs & Company, L.L.C. maintains memberships in the American Institute of Certified Public Accountants and the New Jersey Society of Certified Public Accountants. The firm prides itself on its teamwork abilities where “every account receives the talent and expertise of the whole firm.”
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