Re: COVID Stimulus Payment:(Please allow people wh... - Community
Level 1

After you file

Rude 101 a rep should not speak this way as if we are kids!!! 

secondly it’s your job to answer question may ALL HAVE!!

 

and finally WE ALL KNOW we are in a serious situation that’s why we are ALL asking how we are getting that stimulus payment BECUASE we need it!!

 

dang it’s it that hard to answer politely without the nonsense form you have been doing sense the 1st question!!

 

POINT BLANK PERIOD!!

Level 15

After you file

The truth is no one knows ... keep watching the sites posted already ... the stimulus checks are not expected out for a couple of weeks or maybe a month so patience will be needed.  And all of the checks will NOT be sent all at once ... they will go out in batches like they did the other 2 times this happened.  The IRS doesn't have the personnel or the equipment to handle this volume AT THE SAME TIME they are processing millions of returns with a reduced workforce due to the virus.  So Patience please as everyone deals with this impossible situation.

 

Now a lesson on the debit card & the processing bank .... when you use the processing bank to withhold the TT fees from the fed refund you allow/direct the IRS to send your refund to the temporary account at the third party processing bank where the bank & TT fees are paid out and the balance is sent to either your bank account or debit card  OR  to a newly issue card.  The temp account number is what is printed on your form 1040 and is the account number the IRS has on file.  Once this transaction concludes the temp account at the processing bank is CLOSED permanently.  If you choose this option again next year then a NEW TEMP account is opened for this transaction ... anyone who has done this more than once can verify that there is a different account number  on the 1040 every year .

 

NOW ... what is in question is what path the stimulus checks will take IF you used a processing bank as the intermediary to receive your tax refund....

 

> Will the IRS mail  the checks directly to the taxpayer ? 

 

> Will the IRS try to DD them  to the processing bank and will the bank refuse them which means the IRS will have to convert to a mailed check to the address on the most current return filed?

 

> Will the processing bank figure out a way to reactivate the closed accounts for a second use in one tax year?

 

> What happens if the stimulus check arrives BEFORE the refund check ??  Will the processing bank know the difference ??  Will they take the fees from that check ??  Will they be able to process the refund that comes later ??

 

As you can see this is not just a simple situation that Congress has tasked the IRS and all these processing banks .... this is nothing anyone could have for seen  and time will be needed  to come up with and implement a system that will work during a global pandemic no less.  EVERYONE needs to be understanding and patient.  Don't plan on any money showing up at any time and just be thrilled when it does show up. 

 

Watch here for direct info from the bank TT uses :  https://www.sbtpg.com/coronavirus-stimulus-payment-info/

 

NOW what you CAN do to be proactive ... if the address on your most recently filed tax return is not correct then immediately mail in a form 8822 to update your address just in case the check must be mailed in ... it is an easy fill in the blank form your can then print and mail :    https://www.irs.gov/taxtopics/tc157

 

 

Level 15
Level 2

After you file

its been approved! Turbo customers need to know what to do if you used a turbo card to receive refund!

Expert Alumni

After you file

We are still waiting for the details for the stimulus; please stay updated through our link and the IRS link below.  

https://www.irs.gov/coronavirus 

 

https://blog.turbotax.intuit.com/tax-news/is-the-tax-deadline-delayed-what-to-know-about-coronavirus...   

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Level 15

After you file

There is nothing you can do.

As a matter of security, and during the normal tax season, the IRS will not take requests to change the bank account for a direct deposit.  The only thing you can do is cancel the deposit and take a check instead, mailed to the address on your tax return.  Imagine your fury, if someone had called the IRS pretending to be you, and got them to change the bank account info so they could steal your refund.  

 

Why would it be any different now?  If the IRS took requests to change accounts, some scammer could call them with your name and SSN taken out of your trash can or an identity theft web site, and steal your stimulus.  

 

 

Bottom line is this is all in the hands of the IRS.  There is nothing you or Turbotax can do to change how you receive the stimulus money.  If the IRS decides to come up with a secure method of changing payment methods and account numbers, they have to do it.  

*Answers are correct to the best of my ability but do not constitute legal or tax advice.*
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Level 2

After you file

How about now? I keep going to the page and their is no information in regard to this. Only tax filing info. As you can tell a lot of people are stressed and in dire need of this money to be accessible. Can you please answer if those who used the Turbo Card will have it deposited there? Please give us an answer or instructions. 

 

Thank you 

New Member

After you file

I don’t have my turbo tax prepaid card anymore I had lost it... are you sure I will get a paper check for stimulus relief??? 

New Member

After you file

So prepaid TurboTax card ??? No I’ll get a check!! Correct?

Level 2

After you file

You are corrected, I looked at the direct deposit information on my tax return and it matches the same account information my at my turbo tax direct deposit information. So I’m sure it will be loaded to the card. Stpg is just is a processing company to take out the fees for turbo tax but there shouldn’t be any problems from what I’m aware of 

Level 2

After you file

Just cancel the account online.   You probably have the info for that.  Anything that hits a rejected account defaults to a hard check according to the IRS website.

Level 14

After you file

While I appreciate the anxiety on whether the refund gets loaded onto the pre-paid card or not, can I suggest assume 'the worst case' for the time being.   

 

The issue isn't whether you get the rebate, it's HOW you get the rebate.

 

So assume it'll be by0 check, and if it turns out it's direct deposit, you'll be delighted.....

 

from the various new reports I've seen, direct deposit is targeted for mid-April with checks 2-3 weeks behind that.  Obviously, they can process a lot more direct deposits per day than checks. 

Level 2

After you file

I had the same exact question because stimulus checks have been approved so how do we switch to direct deposit

Level 2

After you file

Stimulus checks have been approved for direct deposit so how do we switch from the intuit card to direct deposit

Level 2

After you file

The stimulus package was approved and they still are not answering our questions here I don't understand why

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