16/04/2020
IMPORTANT INFORMATION ABOUT YOUR STIMULUS‼️
PLEASE READ CAREFULLY‼️
If YOU “DID NOT” GET YOUR MONEY BECAUSE IT WAS DEPOSITED INTO AN UNKNOWN ACCOUNT...HERE’s why:
When you did your taxes you likely got a refund advance loan or had your tax preparer fee taken directly from your refund so you wouldn’t have to pay upfront. In this case, the IRS nor your tax person has the ability to distribute your refund between 3 different places (1) your refund to you (2) your tax preparer’s fee and (3) the fee the bank charges to do this. Therefore your tax preparer partners with a bank (TPG, Republic, Refund Advantage, etc.) to do this distribution. The bank creates a “Temporary bank account” for your refund to be deposited into by the IRS and the bank handles the distribution from there. After you receive your refund that bank account is no longer valid. THIS IS THE BANK ACCOUNT INFO YOU ARE SEEING ON “get my payment” website. PLEASE UNDERSTAND, your tax preparer does not have your money. The bank is sending your return bank to the IRS and you will then likely get a check. Continue to check the IRS portal to see when your check will be mailed or if you can provide your bank information before they mail it. Timing of mailing the checks is unsure at this time.
