Final IRS regulations are issued on identifying and recovering misdirected direct deposit refunds. The final regulations provide the procedures for taxpayers to identify and recover tax refunds issued by electronic funds transfer (direct deposit) that weren’t delivered to the accounts designated by taxpayers to receive the refunds on their federal tax returns. This may also involve other refund claims. The tax agency issued the regulations to comply with the Taxpayer First Act, which was signed into law in 2019. Call or visit our website for more information! www.mjscpa.com/
