Updating banking information
Several of my clients that chose to receive a refund check because the did not have a bank account or just do not want their refund directly deposited are now receiving letter telling them to update their banking information within 30 days. These taxpayers are either do not want to open an account with the IRS to update their information or are having trouble opening an account. I have read that if the taxpayer do not respond to the letter within the 30 days a paper check will be mailed in 6 weeks. Is that true? a second option is to file an amended return with new banking information. Is that an option?
