Beneficiaries have already begun to report errors in the process of distributing money through direct deposit on social media
Photo: stevepb / Pixabay
Customers of TurboTax are also experiencing issues with second stimulus check direct deposits by the Internal Revenue Service (IRS) , since the agency sent the funds to the temporary account of the tax preparation company and not to the recipients.
The problem that impacts the beneficiaries whose refund of taxes was processed by these intermediaries also affects those who fulfilled the tax obligation with the help of H&R Block .
In both cases, the IRS transferred the money to the tax preparers account for that they send it to the taxpayers.
H&R Block alerted first
H&R Block was the first company in alerting its customers of the problem through tweets on the network. The content indicates that the redirection to the temporary account affects consumers who used the option of “Refund Transfer” or “Refund Transfer” in the 2019.
“If you took a ‘refund transfer’ it may be reflecting that account number. Check your tax refund from 2019 to confirm. But don’t worry – we’ve sent these payments by the method of your choice for the refund transfer: direct deposit, check, or Emerald Card. The money should be available by the end of the day “, reads one of the posts shared this Monday on Twitter.
But don’t worry – we have sent these payments on to the method you chose for Refund Transfer: direct deposit, check or Emerald Card. The money should be there by the end of the day.
– H&R Block (@HRBlock) January 5, 2021
The IRS Get My Payment website may display an account number you don’t recognize. If you took a Refund Transfer, it may be reflecting that account number. Check your 2019 return to confirm.
– H&R Block (@HRBlock) January 5, 2021
Explanation of TurboTax
TurboTax, for its part, indicated this Tuesday through the same network: “The IRS announced yesterday that due to the speed with which it processed the second stimulus payments, they sent some payments to an account that could be closed or inactive.”
(7) By law, in these cases the financial institution must return the payment to the IRS. Unfortunately, the IRS has also stated that, while they are exploring options to correct these payments, this may cause a delay in stimulus payments for some.
– Intuit TurboTax (@ turbotax) January 5, 2021
Company added In another tweet: “By law, in these cases, the financial institution must return the payment to the IRS. Unfortunately, the IRS also indicated that while they are exploring options to correct these payments, this may cause delays in stimulus payments for some. ”
The preparer also assured that you provided the IRS with the correct information for the individual accounts where the money was to be deposited.
(5) As part of the Tax Filing process, TurboTax sends the appropriate banking information to the IRS to deliver stimulus payments directly to customer bank accounts.
– Intuit TurboTax (@turbotax) January 5, 2021
What to do to receive the money owed?
The initial recommendation is that taxpayers verify for the next days the payment status through the IRS online tool ” Get My Payment ” to see if they received the stimulus money.
In the event that these companies cannot transfer the corresponding funds from the second stimulus check to those affected and neither can the IRS, the persons should claim the disbursement as a “Recovery Refund Credit” on their next tax return .
- Problems begin with the distribution of the second stimulus check: H&R Block clients report sending money to other accounts
- If you receive a “payment status not available” message from the IRS, you will need to claim second check as a tax return credit
- 5 keys to find out if the IRS has already sent you the second stimulus check for coronavirus
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