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BobKamman
Level 15
Mar 28, 2021 11:26 PM UTC
Question

How Did IRS Know Where To Deposit EIP#3?

A client asks,

Our first stimulus check was an actual check. The second was a debit card. We received the third stimulus check via direct deposit. We’ve never paid our taxes online so how does the IRS have our banking info?

--They do not receive Social Security or VA benefits.  They have not received a federal refund for the past three years.  They are not federal employees or contractors.  

This topic has been closed for replies.

7 replies

TAXOH
Level 10
Mar 28, 2021 11:35 PM UTC

I also had a client that received the 1st and 2nd with a check and the third was direct deposit.   He always owes and sends a check in for payment.  The only thing on his tax return is Schedule C income.  He doesn't get social security or VA benefits either.   He called me asking how they knew his bank information. 

abctax55
Level 15
Mar 28, 2021 11:39 PM UTC

An employee changed his bank account AFTER filing the 2019 return (and that return had a balance due that was paid by a check on the OLD account.

EIP#3 was recently directly deposited in the NEW checking account.

No SS, no nothing to indicate how the IRS got the new info.

I think we should all be scared, very very scared 🤣

HumanKind... Be Both
PATAX
Level 12
Mar 28, 2021 11:48 PM UTC

Was it a new checking account with the same financial institution?

abctax55
Level 15
Mar 28, 2021 11:51 PM UTC

Hmmmmmm - not sure.   Good question.

And I love her in your chair 🙂

 

HumanKind... Be Both
dkh
Level 15
Mar 29, 2021 12:43 AM UTC

Was interest income earned on the checking account the direct deposit went into ?

TAXOH
Level 10
Mar 29, 2021 12:50 AM UTC

Not for my client.