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IRS Refund ?

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I filed a friend's income tax for her and her refund is to be direct deposited into my checking account She doesn't have any bank account so when it is deposited we will go to the bank to withdraw and she'll get the cash. she went to a website that said her refund would be deposited on the 12th. Today she got an email telling her the refund had been sent to her bank. But, it is not in my account. My question is this: Does that mean it will show up at midnight tonight? How long does it take to actually be in the account once it has been sent to the bank? The email told her not to call and check on it until after the 17th. Could it be up until the 17th before it shows up? Any help is appreciated.

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<br />Some banks a day or two to show up.<br />
<br /><br /><br />Thank You. It is Wells Fargo.

 

<br />It could take a few days.<br />Check with your bank in the morning.<br />
<br /><br /><br />

I will.

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I filed a friend's income tax for her and her refund is to be direct deposited into my checking account She doesn't have any bank account so when it is deposited we will go to the bank to withdraw and she'll get the cash. she went to a website that said her refund would be deposited on the 12th. Today she got an email telling her the refund had been sent to her bank. But, it is not in my account. My question is this: Does that mean it will show up at midnight tonight? How long does it take to actually be in the account once it has been sent to the bank? The email told her not to call and check on it until after the 17th. Could it be up until the 17th before it shows up? Any help is appreciated.

 

Ours was in the bank by 5am yesterday the 12th. We have Wells Fargo.

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NO DEPOSIT :(

 

I do not understand. I was concerned that maybe it was because the refund and checking account names don't match. But, if that were the case I would think her email would have said that rather than it had been sent to the bank. MAYBE it will show up tonight bc if not the next chance will be Monday night. As single Mom she needs it!!

 

<br />stepdaughters went on my card on the 12th<br />
<br /><br /><br />

And, I assume the names were different??

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Have her check the refund status again. Sometimes even when it says a refund was issued on such and such date, it doesn't happen for various reasons. If it shows that the refund HAS been issued and it doesn't show up by Monday, call the bank.If the routing and account numbers are correct, it should get there.

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<br />NO DEPOSIT <img src='http://paulding.com/forum/public/style_emoticons/default/sad.gif' class='bbc_emoticon' alt=':(' /><br /><br />I do not understand. I was concerned that maybe it was because the refund and checking account names don't match. But, if that were the case I would think her email would have said that rather than it had been sent to the bank. MAYBE it will show up tonight bc if not the next chance will be Monday night. As single Mom she needs it!!<br /><br /><br /><br /><br /><br />And, I assume the names were different??<br />
<br /><br /><br />

 

Her first name and my lastname is diff plus diff addys

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Last year, I tried doing the same thing with my fiancee's bank account and the same thing happened to me. Paper checks came in the mail a few weeks later. When I asked why through the help area of the IRS site, I was told they would not deposit a check for me into an account that my name was not on. This year, we added my name in January and it was deposited the very day the IRS promised

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NO DEPOSIT :(

 

I do not understand. I was concerned that maybe it was because the refund and checking account names don't match. But, if that were the case I would think her email would have said that rather than it had been sent to the bank. MAYBE it will show up tonight bc if not the next chance will be Monday night. As single Mom she needs it!!

 

<br /><br /><br />

And, I assume the names were different??

 

 

If it does show up in your account you will likely be responsible for income tax on this money at the end of the year.

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It used to be that a refund on a jointly filed return had to go to a jointly owned account. I believe that was changed a few years ago to where as long as one of the people on the return owned the account, the refund could go in there.

 

A return filed single could go to any account on which that person was listed as an owner of the account--for example, with a live in significant other, a parent, etc.

 

Last year, I tried doing the same thing with my fiancee's bank account and the same thing happened to me. Paper checks came in the mail a few weeks later. When I asked why through the help area of the IRS site, I was told they would not deposit a check for me into an account that my name was not on. This year, we added my name in January and it was deposited the very day the IRS promised

 

 

 

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<br />Last year, I tried doing the same thing with my fiancee's bank account and the same thing happened to me. Paper checks came in the mail a few weeks later. When I asked why through the help area of the IRS site, I was told they would not deposit a check for me into an account that my name was not on. This year, we added my name in January and it was deposited the very day the IRS promised<br />
<br /><br /><br />

 

I wouldn't think they would be sending a paper check since she got the email the money has been sent to the bank?

 

<br />If it does show up in your account you will likely be responsible for income tax on this money at the end of the year.<br />
<br /><br /><br />

That ain't happening. :lol: :lol: :lol:

 

<br />It used to be that a refund on a jointly filed return had to go to a jointly owned account.  I believe that was changed a few years ago to where as long as one of the people on the return owned the account, the refund could go in there.<br /><br />A return filed single could go to any account on which that person was listed as an owner of the account--for example, with a live in significant other, a parent, etc.  <br /><br /><br /><br /><br /><br />
<br /><br /><br />

 

This doesn't jive with what Moonie said was her experience.

 

But, the money isn't in the bank this AM.

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<br /><br /><br />

 

I wouldn't think they would be sending a paper check since she got the email the money has been sent to the bank?

 

<br /><br /><br />

That ain't happening. :lol: :lol: :lol:

 

Someone will pay income tax on the refund. If it were to go into your account they will start with you.

 

This was started as part of the war on drugs to fight money laundering.

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I was giving the experience I had being the person responsible for transmitting tax returns for a tax prep service. It's been several years since I did that and things probably have changed. They did change the rules while I was there in that position in that previously the names on the account had to match the names on the return. That was later changed to where as long as one of the names on the return was on the account, it was OK.

 

<br /><br /><br />

 

I wouldn't think they would be sending a paper check since she got the email the money has been sent to the bank?

 

<br /><br /><br />

That ain't happening. :lol:' /> :lol:' /> :lol:' />

 

<br /><br /><br />

 

This doesn't jive with what Moonie said was her experience.

 

But, the money isn't in the bank this AM.

 

 

 

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<br /><br /><br />

 

I wouldn't think they would be sending a paper check since she got the email the money has been sent to the bank?

 

 

o

 

I got the same email, paper checks still showed up.

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I take it that the e-mail is from the program used to do the tax return.  They have no control over the IRS and actually no affiliation with the IRS.  Maybe the IRS does still require that the checking or savings account be in the name(s) of the person(s) on the tax return for a direct deposit of a refund.  

 

The person who had another person's money deposited on their "card" would not be subject to this rule.

 

I know several years ago when we actually got a refund, it had to go to our joint account and not to my personal account, even though our bills were paid from my personal account and not our joint account.  

 

It may also depend on the bank. Some will not allow it.

 

 

 

 

 

<br />I got the same email, paper checks still showed up.<br />
<br /><br /><br />

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Per the IRSYour refund should only be deposited directly into accounts that are in your own name; your spouse’s name or both if it’s a joint account.

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<br />Someone will pay income tax on the refund.  If it were to go into your account they will start with you.<br /><br />This was started as part of the war on drugs to fight money laundering.<br />
<br /><br /><br /><br /><br /><br /><br />You have to add your prior years' state refund on your federal return but a refund of overpayment of federal income tax isn't income...it was withheld from income you already paid tax on. Edited by rednekkhikkchikk

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That's only required if you itemized the prior year. If you did not itemize and got a state refund, it does NOT have to reported.

 

:)

 

 

&lt;br /&gt;&lt;br /&gt;&lt;br /&gt;<br /><br /><br /><br />You have to add your prior years' state refund on your federal return but a refund of overpayment of federal income tax isn't income...it was withheld from income you already paid tax on.

 

 

 

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That's only required if you itemized the prior year. If you did not itemize and got a state refund, it does NOT have to reported.

 

:)

 

 

<br /><br /><br />

 

 

My preparation fees usually more than offset any refund I might get.

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I am sorry to leave you folks hanging but I have been out of town on business and not on p.com.

 

No, my friend did not get her refund. But, it had nothing to do with going into my bank account and the explanation is insane.

 

The IRS sent the refund to my account but it was intercepted by the unemployment office. Her deadbeat ex-husband committed unemployment fraud when they were still married in 2011. From what I understand he owes them over $17k. They explained to her they could take her refund because they were married at the time the fraud was committed. She nor I understand how the STATE has the right to her FEDERAL refund?? We are talking about $6924 that would really help an unemployed mother of two. She has told her ex that he has to repay HER money but we will see how that goes since he doesn't always pay his child support in full each week.

 

As I said it is INSANE!

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She should file injured/innocent spouse. It would be best for her to sit down with a tax professional (and this does not mean go to H&R Block or similar places).

 

The state, or the IRS, has the legal authority to take any and all refunds to pay outstanding debts.

 

I am sorry to leave you folks hanging but I have been out of town on business and not on p.com.

 

No, my friend did not get her refund. But, it had nothing to do with going into my bank account and the explanation is insane.

 

The IRS sent the refund to my account but it was intercepted by the unemployment office. Her deadbeat ex-husband committed unemployment fraud when they were still married in 2011. From what I understand he owes them over $17k. They explained to her they could take her refund because they were married at the time the fraud was committed. She nor I understand how the STATE has the right to her FEDERAL refund?? We are talking about $6924 that would really help an unemployed mother of two. She has told her ex that he has to repay HER money but we will see how that goes since he doesn't always pay his child support in full each week.

 

As I said it is INSANE!

 

 

 

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Refund? I wish!!!! I have to pay $$$$$$$$$$$$$$$ every year. Only time I ever made out was when DH was overseas on a deployment. You WORK WORK WORK just to be TAXED and TAXED over and over again!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

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How the crap do you overpay your taxes by almost 7k while you are unemployed?????

Earned income credit probably. She might have worked at some point last year and may have been eligible for it.

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<br />Earned income credit probably. She might have worked at some point last year and may have been eligible for it.<br />
<br /><br /><br />

 

Yup. I think it's like a 3k tax CREDIT for each kid or some nonsense. It's funny to hear folks complain about food stamps and such when the EIC is most pure form of redistribution in this country. I like it because folks who qualify turn right around and pump that money into the economy but, especially for a program introduced by a Republican (Nixon), it's unabashed redistribution.

 

 

mrnn

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<br /><br /><br />

 

Yup. I think it's like a 3k tax CREDIT for each kid or some nonsense. It's funny to hear folks complain about food stamps and such when the EIC is most pure form of redistribution in this country. I like it because folks who qualify turn right around and pump that money into the economy but, especially for a program introduced by a Republican (Nixon), it's unabashed redistribution.

 

 

mrnn

 

I know I never qualified for it. I guess SILLY me I didn't start having kids till I could afford them. And what is this that you cant get any child credit (not sure if I am wording it right) on your kids once they turn 17?????? UHHHHHHH They are still at home and I am supporting them.

Edited by DallasRED

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That little gem went into effect in 1997, the year our youngest turned 17. And you don't get it if they turn 17 at any time during the year, including December 31!

 

You probably never qualified for it because your income was too high.

 

We actually got it in 2012 and haven't had kids at home since 2000. That's how low our income was in 2012.

 

 

 

I know I never qualified for it.  I guess SILLY me I didn't start having kids till I could afford them.  And what is this that you cant get any child credit (not sure if I am wording it right) on your kids once they turn 17??????  UHHHHHHH  They are still at home and I am supporting them.

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Earned income credit probably. She might have worked at some point last year and may have been eligible for it.

 

 

Then it's not a refund. A refund is something you get for paying too much into taxes.

 

This is just found money.

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<br />How the crap do you overpay your taxes by almost 7k while you are unemployed?????<br />
<br /><br /><br />

 

 

She worked FULL TIME the entire year and in addition a PART TIME job for several months in 2012. She was laid off the end of the year but could get unemployment. She had put in many applications and had a few interviews but at this time is unemployed.

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<br />Then it's not a refund. A refund is something you get for paying too much into taxes. <br /><br />This is just found money.<br />
<br /><br /><br />

 

The government calls it a refund. You can call it whatever you want to. But not for a minute can you convince me you would not and DO NOT take advantage of EVERT tax credit, loop hole, whatever that the government says you are entitled to. If not then you are nuts. So don't point fingers at someone who QUALIFIES for Earned income Credit and tax credit for their children and claims it. She (nor I) made the laws.

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I wasn't pointing any fingers or making any judgements.

 

My ol man over pays every year and gets a refund. I preach to him that an interest bearing savings account would be smarter than loaning the government your money, interest free all year. But he won't listen.

 

I know that people over pay for various and assorted reasons. I'd never heard of anyone over paying by that much though. It makes sense that the difference is in credits, ie found money.

 

Not quite sure why anyone assumes I was being ugly.

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They treat it as a savings account. And you can't convince them that they would be better off taking the max in exemptions so they would have little if anything withheld and put that into a savings account (or even using it to pay your monthly bills) instead of using it as a savings account for your yearly spring break trip to Disney World.

 

Have the least amount withheld and if you qualify for EIC, you'll still get that. Let THAT be your savings account with which you pay for your spring break trip.

 

Tax preparers and accountants look at these things differently than does the general public.

 

I wasn't pointing any fingers or making any judgements.

 

My ol man over pays every year and gets a refund. I preach to him that an interest bearing savings account would be smarter than loaning the government your money, interest free all year. But he won't listen.

 

I know that people over pay for various and assorted reasons. I'd never heard of anyone over paying by that much though. It makes sense that the difference is in credits, ie found money.

 

Not quite sure why anyone assumes I was being ugly.

 

 

 

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