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Level 2
April 1, 2020
Solved

Is direct deposit information submitted to IRS even if taxpayer owes and does not elect electronic payment?

  • April 1, 2020
  • 34 replies
  • 121 views
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Best answer by IRonMaN

I will try and be a little more clear for others who may be able to answer the more technical side of this question.  The current guidance at irs.gov instructs taxpayers who have not filed their 2019 tax returns to enter direct deposit information into their tax return before they electronically file in an effort to enable them to get their stimulus checks more quickly.  Does anyone know if proseries is going to allow for us to submit that information whether it is required or not?


The answer is no.  The only way it is going to appear in the IRS system is if you have a balance due paid electronically or you have a direct deposit being made.

34 replies

IRonMaN
Level 15
April 1, 2020

No, the IRS computers do not work by osmosis.

Slava Ukraini!
cpajt1Author
Level 2
April 1, 2020

Not exactly trying to submit through osmosis...my question is more directed as to whether or not data entered into the program is transmitted whether it is needed or not.  If a client has direct deposit information entered into their return and this year decided to apply the refund forward, does Proseries still submit that information or....is it only transmitted if the box is checked for direct deposit or electronic payment.

IRonMaN
Level 15
April 1, 2020

But you are trying to do it through osmosis.  If the banking information isn't any part of the actual return being filed, it isn't going to get into the IRS system.

Slava Ukraini!
Confucius
Level 3
April 2, 2020

I heard today but have not seen anything officially that the IRS will deliver these payments to those on SS in the same manner as there SS using SS information. Still looking for official word on that though.

Level 4
April 3, 2020

Just released from NATP: "As of last night, the U.S. Department of the Treasury and the IRS announced that Social Security beneficiaries who are not typically required to file tax returns will not need to file an abbreviated tax return to receive the economic impact payment. Instead, payments will be automatically deposited into their bank accounts. The IRS will use information from the Form SSA-1099 and Form RRB-1099, and receipients will receive these payments as a direct deposit or by paper check, just as they would normally receive their benefits. Please note, since the IRS would not have information regarding any dependents for these people unless they filed a tax return, each person would receive $1,200 per person, without the additional amount for any dependents. First timulus payments expected to go out week of April 13." The article goes on with lots more information that is very helpful, but I can't type the whole article (6 pages).

Level 3
April 28, 2020

Ironically, my husband (who is on Social Security retirement) and I filed jointly, electronically for 2018.  So sadly, he would have already had his Social Security if he had filed separately.  Hoo boy.  We also are on a payment plan Form 9465 filed electronically, but apparently they don't both with Form 9465.  Boy the brain trust in charge of this operation!

Level 2
April 4, 2020

What if we put $1.00 for taxes withheld and request refund? It's immaterial and the IRS will have bank info.

IRonMaN
Level 15
April 4, 2020

I never realized the IRS had a materiality level for fraudulently filed returns

Slava Ukraini!
Level 2
April 7, 2020

One other way to provide direct deposit information to the IRS would be to complete a form 9465 Installment Agreement Request.

Level 3
April 27, 2020

As far as I can tell, they are not harvesting from Form 9465 or my husband and I would have received our stimulus checks. 

We don't make a lot together, he has social security and sometimes sells a piece of art, and I was independent contractor in 2017, 2018, and 2019, so Covered California miscalculations (in both 2017 and 2018) had us owing about $1k per year, which we were able to get on payment plan. 

They definitely have our direct deposit from there, as they make sure they get their payment, but we should have had both our checks by now if they were utilizing Form 9465 info.

abctax55
Level 15
April 27, 2020

Hi there,

You’ve come to an Intuit site supporting tax professionals, and you may be looking for support as an individual taxpayer. Please visit the TurboTax Help site for support.

Cheers!

 

HumanKind... Be Both
Level 2
April 27, 2020

Definitely not. A clients daughter I filed with zero due or refunded, but included her banking info, just got a check.

Level 3
April 27, 2020

Have you filed anyone with Form 9465 in 2018 or 2019 that got their stimulus check?

Level 2
April 27, 2020

No and in hindsight it was a bad suggestion by me to use form 9465, as the IRS is not processing paper forms right now.

Use the IRS's Get my Payment Tool in order to provide your direct deposit information or track your stimulus payment: https://www.irs.gov/coronavirus/get-my-payment

Level 3
April 28, 2020

The heading says its solved.  It's not solved.  It's a complete disaster.  It seems like it would be easy to build that dinky portal, but no.