Discussion:Rebate Recovery Credit - delays processing of returns!
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| Revision as of 08:25, 26 January 2009 Taxman35 (Talk | contribs) (HSBS Bank has al) ← Previous diff |
Revision as of 10:54, 26 January 2009 HAPPY TAX (Talk | contribs) (I've looked at t) Next diff → |
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| {{ForumReplyPost|UserID=Taxman35|Date=January 26, 2009|Text=HSBS Bank has also decided to deny all loans that have part of the refund because of the Rebate Credit. A work around if client still wants the loan product is to enter an amount that will set the rebate credit to $0. The client would get that portion at a later time from the IRS.}} | {{ForumReplyPost|UserID=Taxman35|Date=January 26, 2009|Text=HSBS Bank has also decided to deny all loans that have part of the refund because of the Rebate Credit. A work around if client still wants the loan product is to enter an amount that will set the rebate credit to $0. The client would get that portion at a later time from the IRS.}} | ||
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| + | {{ForumReplyPost|UserID=HAPPY TAX|Date=26 January 2009|Text=I've looked at this "workaround." It sure seems like a recipe for disaster, knowingly filing an erroneous return to juryrig a RAL. I'm not going to place that kind of return in front of a client and say, sign here. If the IRS blesses this pig, I might kiss it. But so far, it's just the industry saying, here, try this. No one at SBB&T has to sign the return. I do.}} | ||
Revision as of 10:54, 26 January 2009
Discussion Forum Index --> Basic Tax Questions --> Rebate Recovery Credit - delays processing of returns!
Discussion Forum Index --> Tax Questions --> Rebate Recovery Credit - delays processing of returns!
Taxestaxes (talk|edits) said: | 25 January 2009 |
| I recevied a notice from the bank that I use for RAL products that stated, "IRS announced that returns that included a rebate recovery amount will be delayed in processing." Has anyone else received this notice? As well, if a return includes RCC amount, my bank is saying they wont process it as a RAL, they will decline it. I know most may not offer this option, but I have to in order to compete with others and keep my customers. I checked IRS website and could not find a notice regarding this issue? | |
| 25 January 2009 | |
| Drake sent out an email Friday saying that INCORRECT rebate recovery amounts will cause a delay. They recommend using the IRS 'How Much Was My Stimulus' tool to get the correct number, or leaving it blank and over-riding the calculation. | |
| 26 January 2009 | |
| Kevinh5 will your program efile if you override an amount? taxea | |
| 26 January 2009 | |
| Santa Barbara Bank sent out same notice. They suggest if client is due additional rebate to put zero and let IRS adjust. | |
| January 26, 2009 | |
| HSBS Bank has also decided to deny all loans that have part of the refund because of the Rebate Credit. A work around if client still wants the loan product is to enter an amount that will set the rebate credit to $0. The client would get that portion at a later time from the IRS. | |
| 26 January 2009 | |
| I've looked at this "workaround." It sure seems like a recipe for disaster, knowingly filing an erroneous return to juryrig a RAL. I'm not going to place that kind of return in front of a client and say, sign here. If the IRS blesses this pig, I might kiss it. But so far, it's just the industry saying, here, try this. No one at SBB&T has to sign the return. I do. | |
