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Old 10-07-2008, 02:00 PM
James
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Default Re: Experiences with direct deposit of refund

On Oct 6, 10:16*pm, "Condor" <Con...[at]loosecannon.net> wrote:

- quote -

> The Treasury Department's Financial Management Service (FMS) may have
> attempted to direct deposit your refund to the financial institution's
> Routing Transit Number (RTN) and the account number you indicated on your
> tax return. *If the direct deposit did not go through because you entered
> one or both numbers erroneously, the unsuccessful direct deposit gets
> returned to FMS and two weeks later a paper refund check is issued. *Due to
> the amount of time that transpired, approximately 5 weeks, between the date
> you filed and the refund check date, the returned direct deposit scenario
> seems plausible.



Apparently it wasn't anything that elaborate. I double-checked the
copy I made of my return, all the numbers were correct, the checking
account box was checked. I called the IRS and they indicated my direct
deposit info wasn't even in the system where it should have been for
even the attempt to be made to deposit it. The info from your return
gets manually entered into the database. Apparently someone was too
lazy to input it.

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >
  #1  
Old 10-07-2008, 02:16 AM
Condor
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Default Re: Experiences with direct deposit of refund

- quote -

> I decided to try direct deposit of my 2007 taxe refund figuring I'd
> get it a bit quicker. As usual, I was late filing - always get a
> refund so it doesn't matter. I filed in late August. I checked the
> "where's my refund" link at the IRS website, it says my refund was
> mailed Oct. 3rd...
> I filled in the spaces on the 1040 with my account and routing number,
> so how come they've indicated they're mailing it? Did someone just
> mess up or does "mailing it" not necessarily mean they're mailing it?


The Treasury Department's Financial Management Service (FMS) may have
attempted to direct deposit your refund to the financial institution's
Routing Transit Number (RTN) and the account number you indicated on your
tax return. If the direct deposit did not go through because you entered
one or both numbers erroneously, the unsuccessful direct deposit gets
returned to FMS and two weeks later a paper refund check is issued. Due to
the amount of time that transpired, approximately 5 weeks, between the date
you filed and the refund check date, the returned direct deposit scenario
seems plausible.


Condor

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >
 
Old 10-07-2008, 01:40 AM
Bob Sandler
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Posts: n/a
Default Re: Experiences with direct deposit of refund

- quote -

> I filled in the spaces on the 1040 with my account and routing number,
> so how come they've indicated they're mailing it? Did someone just
> mess up or does "mailing it" not necessarily mean they're mailing it?
> Or....?


Did you check the box on the 1040 for the type of account -
checking or savings?

If there's the slightest problem with the direct deposit,
the IRS doesn't bother trying to fix it. They just mail a
check instead. There could have been an error in the
information you provided, or a glitch at either the IRS or
your bank.

Bob Sandler

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >
  #-1  
Old 10-06-2008, 03:02 PM
James
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Posts: n/a
Default Experiences with direct deposit of refund

I decided to try direct deposit of my 2007 taxe refund figuring I'd
get it a bit quicker. As usual, I was late filing - always get a
refund so it doesn't matter. I filed in late August. I checked the
"where's my refund" link at the IRS website, it says my refund was
mailed Oct. 3rd...

I filled in the spaces on the 1040 with my account and routing number,
so how come they've indicated they're mailing it? Did someone just
mess up or does "mailing it" not necessarily mean they're mailing it?
Or....?

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >
 

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deposit, direct, experiences, refund
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