![]() ![]() You can find the phone numbers for FTC refund programs at ftc.gov/refunds. You must submit your request in writing by mail or email. Free e-filing tools are available at I need a new check because of a legal name change, a death, or a spelling correction. If you receive a 1099 tax form with your check, you should report the payment as income on your tax return. In cases where the FTC is required to report payments to the IRS, the agency will include a 1099 tax form with your check. ![]() Generally, the FTC does not issue 1099s or other tax documents to refund recipients. If you have any questions about how your payment may affect your taxes, please consult a tax advisor. Do I have to pay taxes on a check I received as part of an FTC refund program? The FTC does not require you to forfeit any rights you may have under federal or state law to get your refund. If I accept this payment, can I still take legal action? If there is any money left in the settlement fund after the first distribution, the FTC may send a second round of payments. ![]() In most FTC cases, the money is distributed on a pro rata basis, meaning that each recipient receives an equal percentage of his or her total loss. Refund amounts will depend on how much the FTC is able to collect from the defendants and how many people lost money. In cases where there is not enough money to provide full refunds, the FTC analyzes the available data to determine how best to distribute the money. Why didn’t I get all my money back? Will I receive any more money? The FTC may search for reports related to the defendants and use the contact information in those complaints to create a list of potential refund recipients. Consumer Sentinel data contains millions of reports from people who contacted the FTC, the Better Business Bureau, or other federal, state, and local law enforcement offices about fraud or bad business practices. We may also use the agency’s Consumer Sentinel Network database to find eligible recipients. Where did you get my information?įTC court orders typically require the defendants to provide a list of customers, along with their contact information, and how much they paid. If someone claims to be from the FTC and asks for money, it’s a scam. The FTC never requires you to pay upfront fees or asks you for sensitive information, like your Social Security number or bank account information. We currently contract with four companies: The FTC contracts with private companies to help with the refund process. The case will be listed at ftc.gov/refunds, along with the name of the company issuing payments and a phone number for questions. The FTC currently issues payments by check, prepaid debit card, and PayPal.Ī payment or claim form sent as part of an FTC settlement will include an explanation of and details about the case. How do I know this FTC payment or claim form is legit? Does the FTC publish statistical information about its refund programs?.Where can I learn more about how the FTC provides refunds?.How long will it take to send out payments? How do I file a claim? How much money from FTC lawsuits goes to FTC attorneys?.What happens to money that isn’t claimed?.Does the FTC ever use PayPal to send refunds?.I have a general question about FTC refunds. Can I speak to someone about my claim form or payment?.How long will it take to get a new check? I need a new check because of a legal name change, a death, or a spelling error.Do I have to pay taxes on an FTC refund?.If I accept this payment, can I still take legal action?.Why didn’t I get all my money back? Will I receive any more money?.How do I know this FTC payment or claim form is legit?.I received a payment or claim form from the FTC… About the FTC Show/hide About the FTC menu items.News and Events Show/hide News and Events menu items.Advice and Guidance Show/hide Advice and Guidance menu items.Competition and Consumer Protection Guidance Documents.Enforcement Show/hide Enforcement menu items. ![]()
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