IRS Sends Stimulus Payments To ‘Wrong Bank Accounts’ Affecting Estimated 13M Tax Service Customers
DALLAS – For millions of Americans who used online tax services, their second stimulus payment may have been sent to the wrong bank account. Tax preparation company Jackson Hewitt said the Internal Revenue Service sent payments to an estimated 13+ million banks accounts that are no longer open or valid. These bank accounts were set up by tax companies, like Jackson Hewitt, H&R Block, and TurboTax, as temporary accounts used to deposit tax refunds for their customers who opt to have tax preparation fees taken out of their refund. The accounts are usually closed after the remaining refund money to pass along to the client. The problem is, the IRS still has these accounts in its records, so that’s where the federal government sent millions of stimulus payments. Tax firms said they are doing everything they can but point out this is the IRS’ mistake.
To find out if you’ve been impacted by this IRS error, click on the IRS’ Get My Payment tool to view the status of your stimulus check.
https://www.irs.gov/coronavirus/get-my-payment
https://dfw.cbslocal.com/2021/01/07/irs-stimulus-payments-wrong-bank-accounts-tax-service-customers/