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BobKamman
Level 15
March 28, 2021
Question

How Did IRS Know Where To Deposit EIP#3?

  • March 28, 2021
  • 7 replies
  • 28 views

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
March 28, 2021

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
March 28, 2021

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
March 28, 2021

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

abctax55
Level 15
March 28, 2021

Hmmmmmm - not sure.   Good question.

And I love her in your chair 🙂

 

HumanKind... Be Both
dkh
Level 15
March 29, 2021

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

TAXOH
Level 10
March 29, 2021

Not for my client.