Discussion:Direct Deposit of Stimulus Payments
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Discussion Forum Index --> Tax Questions --> Direct Deposit of Stimulus Payments
Taxestaxes (talk|edits) said: | 26 March 2008 |
| I learned some new information today - or at least new to me. And thought I would pass it on to anyone who might want to know. I was worried about the direct deposit info. for my clients who choose to do a RAL. I spoke with the bank today that I go thru, and they let me know that they somehow issued something with the IRS and any deposit that relates to their bank's routing # will be rejected and convert to a paper check for the stimulus payment. Thought that was good news. I would assume all banks that handle RALS would do the same. But as I am typing this I am thinking that there were some people who actually have a checking account with this bank and used it for direct deposit, guess their's would be rejected as well? Oh well, it all cant be perfect!!! | |
| 26 March 2008 | |
| My understanding was that those returns I e-filed with direct deposit their s-payments would also be direct deposited. | |
| 2008-03-27 | |
| From I've read if TP got a RAL, then no direct deposit for stimulus rebate; check only. | |
| April 12, 2008 | |
| Let's say client has refund applied to next year. If direct deposit information is on return, stimulus payment will be direct deposited, correct? | |
| 12 April 2008 | |
| we don't offer them
it only encourages bad money management | |
| 13 April 2008 | |
| Ain't that the truth. I did a client's taxes, and she had referred a bunch of co-workers. All are simple returns with a single W2 and possible a rent credit, but they are also all single moms with EIC, Child Credit, sometimes Child Care Credit, MN WFC, etc. We charge a third of what they paid at H&R, but they would rather pay 3 times as much so they can get the RAL money. With direct deposit and filing in February, what are we talking here, a week's difference???? We even agree to hold their checks until they get the refund. Some people you just can't help, no matter how hard you try. | |
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