efile/bank acct info/stimulus

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@garman22 wrote:

Does bank account information get sent with efile if taxpayer applies refund on a yearly basis? This question has to do with stimulus or I technically would not care. Thanks!!

@IntuitAustin 

@AshleyatIntuit  

 

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I want to say yes, but I'm verifying real quick. Please hold  😀

Hello,

Yes, banking information is sent with the tax return provided it was added when the tax return was transmitted and processed (accepted) by the IRS, either to file for a refund or to pay a balance due.  The IRS will use the same bank account to deposit the Stimulus payment. 

Tax returns that were paper-filed and indicated to use a bank account to receive a refund or pay a balance due can expect the IRS will use disburse the Stimulus payments in the same manner.

If the IRS does not have banking information to deposit the Stimulus payment they will mail a check to the taxpayer.  To receive the check, the taxpayer will need to register in a web based portal the Treasury will provide in the near future.

For more details, I recommend visiting the IRS' link below.

I hope this helps.

Tony

https://www.irs.gov/newsroom/economic-impact-payments-what-you-need-to-know

From what I've read, the answer is "NO".

Drake sent out an email a week about about it.  They said if there is no direct deposit or electronic withdrawal, the bank information is NOT transmitted with the e-file.

I think it is humorous how Intuit avoids such questions, but they were REALLY quick to try to funnel people into the TurboTax method of reporting their bank information.