Business & farm


@jwpearson2010 wrote:

Thank you. This was thorough. 

 

According to my receipts we used Refund Transfer last year, though I was certain we paid the fees out of our account (the invoice confirms this as well). I just want to know where the money is at and when and where it will arrive? Will the IRS post a new status to our "Get My Payment" and tell us or do we wait until we file our taxes? 

 

We are feeling pretty salty about this whole deal... as Sheldon said in "Big Bang Theory" there is little left to do but assign blame.  How do we find out what's next?



What does the IRS site tell you?

https://www.irs.gov/coronavirus/get-my-payment

 

The IRS is supposed to mail you a check or debit card if your only bank information on file with them is from refund transfer.  Those checks and debit cards have to be mailed by the January 15 deadline imposed by the new law.  If not mailed by then, you have to request the rebate on your tax return.

 

If the IRS site says the payment was deposited to an account you don't recognize, then the IRS would also automatically mail a replacement check or debit card once the bounced deposit is caught and corrected.  But, because of the January 15 deadline, it probably won't be mailed on time and you will claim the rebate on your tax return. 

 

If anything else could be done, it would have to happen at a very high level between the IRS and the banks, and I have no info on any of that.