The IRS announces that, as part of its efforts to curb fraud and identity theft, it will no longer directly deposit more than three electronic refunds to a single financial account or prepaid debit card. Taxpayers who exceed the limit will receive an IRS notice and a paper refund.
The IRS also warns that direct deposit must be made only to accounts bearing the taxpayer’s name.
Please call the office if you need further information.
Tags: electronic refunds
Written by: Doug Rodrigues