What happens if the IRS reduces my refund to
the point where it no longer covers my TurboTax fees?
If you get hit with a refund
offset, what's left over might not be enough to cover your fees.
Here's what happens next:
1. We'll
send an email
with instructions on how to pay your TurboTax fees (minus the Refund Processing
fee, if any) by a certain date.
2. If
the fees remain unpaid by the specified date, we'll send two more followup
emails asking that you either pay or request a deferment to prevent the fees
from being automatically debited from your bank account.
3. Finally,
if you still haven't paid by the requested date, we’ll send a final
email letting you know that we're debiting the fees (minus the Refund
Processing fee, if any) and that the auto-debit process cannot be stopped.
The same sequence of events
occurs if the IRS is still holding your refund 36 days after your original
estimated refund date, except that we'll also debit the Refund Processing fee
(if any) in Step 3.
