Some direct deposit payments could take several more days. Scroll down to the blue "Get My Payment" button.Īccording to the IRS, the first official day funds could be available was Monday, Jan. The IRS is telling people not to call the IRS and instead use its online tracking tool to check on the status of a stimulus payment. Getting a direct answer from a person at the IRS is difficult. I don’t have a stimulus payment yet, when will it come? Liberty cites IRS guidance and said that if customers find their stimulus payment is “Not Available” on the “Get My Payment” portal, customers would have to include the stimulus payment on the rebate recovery when filing their 2020 income tax returns. By law, the banks were required to return the payment to the IRS and not issue the payment to an individual when the account is no longer active.”īrent Turner, Liberty Tax CEO, said in the statement, “If your stimulus was returned to the IRS, we’ll help you file your 2020 taxes, claim your credit, and get it as quickly as possible.” Since the 2020 filing season had concluded at the time of the stimulus disbursements, the accounts were closed by the banks. Liberty Tax shared a statement with NBC 5 saying, in part, “Because of the speed at which the IRS issued this second round of payments, some payments were sent to taxpayers’ bank product temporary accounts, such as Refund Transfer offered by Liberty Tax, versus permanent bank accounts. Friday, TurboTax said stimulus payments for millions of customers affected by the IRS error would be deposited starting January 8th. TurboTax said it’s working with the IRS to fix the issue and transfer funds directly to customers. The company, on Twitter, said it is working with the IRS to transfer the payments directly to customers.Īt least one North Texas customer reported receiving an email late Tuesday night from H&R Block confirming the stimulus payment and that the company would be transferring it.Īnswering your questions, avoiding scams as student loan payments restart The IRS determines where second stimulus payments were sent, and in some cases, money was sent to a different account than the first stimulus payment last spring.” In an email to NBC 5 Responds, H&R Block wrote, in part, “H&R Block understands stimulus checks are vitally important for millions of Americans. This week, some companies said they can forward the payments to customers while others said customers will need to claim the stimulus payments on their income taxes to receive the payments. Some customers who use tax prep services that allowed them to pay their tax preparer with their tax refund, customers who got a refund anticipation loan, refund anticipation check or had their refund loaded onto a prepaid debit card saw their stimulus payments delayed. People reported similar issues during in the first round of stimulus payments last April. Major tax prep service providers said the IRS direct deposited stimulus payments into temporary accounts set up last tax season for refund transfer services. North Texans reported delays in receiving the latest round of stimulus payments after logging onto the IRS website and learning the IRS deposited payments into accounts they didn’t recognize.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |