a couple of my clients the IRS said received the letter as the IRS waived the Estimated Tax penalty and want to refund it. Even though the taxes were taken out of their bank account through the tax return they aren't able to use that to deposit back which to me doesn't make any sense.
Same situation with IRS waiving estimated tax penalty for farmers for returns filed in March before the notification came out. We have seen a few actual paper checks starting to show up just this week!
I was worried it was a spam of an irs letter because the two clients that received notices had qr codes. Told them to not use the qr code link and ignore the notices because both owed money, and the funds were withdrawn as scheduled. Read online of of fraud related to the notices.
Had a client receive the notice, but owed tax. Not yet sure if IRS adjusted something and didn't send that notice proposing a refund. Filed close the the 4/15 deadline. Wish the IRS would stop providing this type of "job security."
We experienced the same thing in our office. Client information was entered correctly for direct deposit but they received a notice that there was an issue with their refund and they would be receiving a paper check.
Yes, received a letter for that the refund required additional processing time and that a check would be issued even though direct deposit was correctly requested. Refund check arrived a few weeks after the notice. Very odd.
The most confusing part for taxpayers is they receive a letter saying their refund could not be direct deposited 2-3 weeks before getting a letter showing the penalty was reduced. Since most had a balance due and were not expecting a refund, they are alarmed that the initial letter is some kind of scam to get their banking info.
a couple of my clients the IRS said received the letter as the IRS waived the Estimated Tax penalty and want to refund it. Even though the taxes were taken out of their bank account through the tax return they aren't able to use that to deposit back which to me doesn't make any sense.
Same situation with IRS waiving estimated tax penalty for farmers for returns filed in March before the notification came out. We have seen a few actual paper checks starting to show up just this week!
I was worried it was a spam of an irs letter because the two clients that received notices had qr codes. Told them to not use the qr code link and ignore the notices because both owed money, and the funds were withdrawn as scheduled. Read online of of fraud related to the notices.
Had a client receive the notice, but owed tax. Not yet sure if IRS adjusted something and didn't send that notice proposing a refund. Filed close the the 4/15 deadline. Wish the IRS would stop providing this type of "job security."
We experienced the same thing in our office. Client information was entered correctly for direct deposit but they received a notice that there was an issue with their refund and they would be receiving a paper check.
Yes, received a letter for that the refund required additional processing time and that a check would be issued even though direct deposit was correctly requested. Refund check arrived a few weeks after the notice. Very odd.
The most confusing part for taxpayers is they receive a letter saying their refund could not be direct deposited 2-3 weeks before getting a letter showing the penalty was reduced. Since most had a balance due and were not expecting a refund, they are alarmed that the initial letter is some kind of scam to get their banking info.
Mark Russell, CPA
Rockville, IN