topic I mistakenly had my 2020 tax refund check sent to my daughter's UGMA account instead of my own. Can I file an amended return to correct the clerical error? in After you file

I mistakenly had my 2020 tax refund check sent to my daughter's UGMA account instead of my own. Can I file an amended return to correct the clerical error?

minineo — Wed, 17 Mar 2021 17:23:04 GMT

Also, it looks like my stimulus check will go to the same account! How can I change this!

Re: I mistakenly had my 2020 tax refund check sent to my daughter's UGMA account instead of my ow...

ErnieS0 — Wed, 17 Mar 2021 17:40:34 GMT

No. There is no place on the amended tax form to change direct deposit information.

You may be able to have the refund returned to the IRS and have it reissued.

Contact the Automated Clearing House (ACH) department of the bank/financial institution where the direct deposit was received and have them return the refund to the IRS.
Call the IRS toll-free at 800-829-1040 (individual) or 800-829-4933 (business) to explain why the direct deposit is being returned.
Interest may accrue on the erroneous refund.

Topic No. 161 Returning an Erroneous Refund – Paper Check or Direct Deposit

Re: I mistakenly had my 2020 tax refund check sent to my daughter's UGMA account instead of my ow...

minineo — Wed, 17 Mar 2021 18:11:31 GMT

Thanks! I'll try this!

Re: I mistakenly had my 2020 tax refund check sent to my daughter's UGMA account instead of my ow...

minineo — Wed, 17 Mar 2021 18:34:46 GMT

The bank says the transaction is fully processed and cannot be returned. It would be easy to electronically move the money to the correct account, but I don't know the implications of doing so since it's a UGMA/UTMA account. Please help.

Re: I mistakenly had my 2020 tax refund check sent to my daughter's UGMA account instead of my ow...

gloriah5200 — Wed, 17 Mar 2021 18:55:57 GMT

When IRS makes the direct deposit into the account specified by the taxpayer, then they have fulfilled their legal obligations. If you are able to get the check refused by the banker of the UGMA/UTMA account and returned to IRS, then it will be back in their hands to take the next step.

You should be able to speak to the administrators of the UGMA/UTMA account at the bank and explain what happened. They should be able to see that it matches your story and discuss any options you may have.