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milesbgj2
Level 1
March 28, 2021
Question

Will the unemployment compensation adjustment checks be deposited or received?

  • March 28, 2021
  • 2 replies
  • 31 views
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2 replies

sjrcpa
sjrcpa
Level 15
March 28, 2021

No one knows. IRS hasn't released any details about how or when they will make the adjustments.

The more I know the more I don’t know.
    BobKamman
    BobKamman
    Level 15
    March 28, 2021

    Since a 1040-X refund can't be direct deposited, I doubt that an IRS-generated refund will be sent that way, six months from now.  But IRS promises of how they can do this automatically are like a lot of things they have said in the past year, then pulled back.  I'll believe them when I see it. 

    What they might do is send a notice to taxpayers showing the refund computation and asking for a signature.  That could include a place for banking instructions, but why can't they do that with amended returns?  I may start preparing 1040-X claims after April 15, because I think they will have to work those first.  They have to pay interest, then.  

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