Taxpayer asks: How can I update my direct deposit information with the IRS? I filed my 2019 individual return through a tax preparer & my direct deposit went to a joint account with my now ex-wife that was closed recently. All of the scenarios online do not apply to my situation, so hoping you can…
(Updated April 15, 2020: The new tool is up. More info in this story here.) Okay, I get it. I’m not brief. I’m a wordy girl. I like to be thorough. I’m a middle child and a lawyer: you do the math. I recently posted about a new web tool from the Treasury and the Internal Revenue Service (IRS) that…
Whenever my kids want to know when I’m going to do something, I often answer, “Two minutes.” We both know it’s a lie, but if I have no real idea how long it will take, and they want an answer, any response keeps everybody happy. I suspect that we’re getting to that same place from…
It’s Taxes from A to Z. D is for Direct Deposit.
While taxpayers were popping returns into the mail this year, scammers were busy trying to figure out how to cash in. The Internal Revenue Service reported that, by Tax Day, they were investigating 1,800 active cases of identity theft investigations. Many of those cases involved millions of dollars each: just recently, a New York woman…
Each year, the IRS faces a pretty odd challenge: trying to give people their money back. If you move or make an error entering your address on your tax return – and you’re due a refund – the IRS may not be able to find you. This year, the IRS is looking to return $164.6…
There’s nothing like a few extra dollars – this time in the form of tax rebates – floating around to bring out the worst in people. Don’t get scammed. Know your facts. One of the biggest scam opportunities in recent tax years involves the tax rebates from the economic stimulus plan and the question of…