Announcement

Collapse
No announcement yet.

Fed refund of $10k or more must be check?

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    Fed refund of $10k or more must be check?

    A couple years ago a client's direct deposit refund was converted into a paper check via the IRS and the IRS stated the reason is any refund $10K or over has to be a paper check. Does anyone know if that is still true today?

    #2
    Never had that happen

    and we do several of more than $10k each year.

    Comment


      #3
      Many years ago the figure was $100,000.
      This post is for discussion purposes only and should be verified with other sources before actual use.

      Many times I post additional info on the post, Click on "message board" for updated content.

      Comment


        #4
        I did a client this year. Made about 70k no exemption. He filed joint with 5 children. Was to get 13k Fed and wanted RAL_Direct. IRS wouldn't allow but mailed check to him.

        Comment


          #5
          Originally posted by anu31402 View Post
          I did a client this year. Made about 70k no exemption. He filed joint with 5 children. Was to get 13k Fed and wanted RAL_Direct. IRS wouldn't allow but mailed check to him.
          Now that sounds like more of a bank/RAL issue to me.
          ChEAr$,
          Harlan Lunsford, EA n LA

          Comment


            #6
            Well then, I can only postulate


            Kay, EA

            Comment


              #7
              Originally posted by anu31402 View Post
              Well then, I can only postulate


              Kay, EA
              Then be careful and don't do it on the floor. (grin)
              ChEAr$,
              Harlan Lunsford, EA n LA

              Comment


                #8
                Originally posted by AZ-Tax View Post
                A couple years ago a client's direct deposit refund was converted into a paper check via the IRS and the IRS stated the reason is any refund $10K or over has to be a paper check. Does anyone know if that is still true today?
                Had one several years ago; same thing. IRS told me what they told you. The reasoning is that they want a supervisor to check for tax protestors. Just did one yesterday. We'll see.

                Comment


                  #9
                  Originally posted by anu31402 View Post
                  I did a client this year. Made about 70k no exemption. He filed joint with 5 children. Was to get 13k Fed and wanted RAL_Direct. IRS wouldn't allow but mailed check to him.
                  Banks will not do a RAL for more than $9,999.
                  If I'm wrong, please correct me, because I don't have the tax knowledge y'all have. Cheers!

                  admin@badfloridadrivers.com

                  Comment

                  Working...
                  X