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If we paid for our tax services through our tax check does our stimulus check go to you guys first ?

 
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Level 15
Intuit Approved!

If we paid for our tax services through our tax check does our stimulus check go to you guys first ?

If you pay your fees by having them deducted from your tax refund, that means that your tax return is sent to a third-party bank, which opens a temporary account in your name, deduct the TurboTax fees, then closes the temporary account and forwards the rest of the money to your regular bank account. This is because the IRS will not split your refund with TurboTax.

 

intern, this means that the IRS has the bank account number for the temporary account at the third-party bank, instead of your regular bank account, and they don’t have the information necessary to make a direct deposit to your account. Earlier in the year the IRS offered a website where you could update your banking information. It’s too late to do that for this round of payments.

 

The IRS knows which banks are involved in this process and if they see that your original refund was sent to one of these banks, they should automatically send you a debit card or a check in the mail rather than attempting to deposit into the closed temporary account.

 

The second stimulus payment should be received by you the same way the first stimulus payment was received. Did you get a check or a debit card or a direct deposit?

*Answers are correct to the best of my ability at the time of posting but do not constitute legal or tax advice.*

View solution in original post

1 Reply
Level 15
Intuit Approved!

If we paid for our tax services through our tax check does our stimulus check go to you guys first ?

If you pay your fees by having them deducted from your tax refund, that means that your tax return is sent to a third-party bank, which opens a temporary account in your name, deduct the TurboTax fees, then closes the temporary account and forwards the rest of the money to your regular bank account. This is because the IRS will not split your refund with TurboTax.

 

intern, this means that the IRS has the bank account number for the temporary account at the third-party bank, instead of your regular bank account, and they don’t have the information necessary to make a direct deposit to your account. Earlier in the year the IRS offered a website where you could update your banking information. It’s too late to do that for this round of payments.

 

The IRS knows which banks are involved in this process and if they see that your original refund was sent to one of these banks, they should automatically send you a debit card or a check in the mail rather than attempting to deposit into the closed temporary account.

 

The second stimulus payment should be received by you the same way the first stimulus payment was received. Did you get a check or a debit card or a direct deposit?

*Answers are correct to the best of my ability at the time of posting but do not constitute legal or tax advice.*

View solution in original post

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