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Level 2
March 13, 2021
Question

TurboTax, will the processing error that delayed some stimulus payments affect the third? And are you proactively working with the IRS to correct it?

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4 replies

macuser_22
Alumni - Champ
Alumni - Champ
March 13, 2021

TurboTax has nothing to do with the stimulus.   The IRS sends the stimulus.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
mad_davisAuthor
Level 2
March 13, 2021

 In some cases, the IRS sent checks to temporary accounts created by tax-prep services such as H&R Block, TurboTax and Jackson Hewitt, which are typically used for the depositing of tax refunds. But those accounts, set up for last year’s refunds, aren’t currently valid, leading to delays in delivering the money.

macuser_22
Alumni - Champ
Alumni - Champ
March 13, 2021

@mad_davis wrote:

 In some cases, the IRS sent checks to temporary accounts created by tax-prep services such as H&R Block, TurboTax and Jackson Hewitt, which are typically used for the depositing of tax refunds. But those accounts, set up for last year’s refunds, aren’t currently valid, leading to delays in delivering the money.


That was Santa Barbara bank and not TurboTax.   Santa Barbara Bank sent the IRS a database with all the temporary account numbers cross referenced to the real account number, and the IRS sent out the payment using the wrong database.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**