We've received your submission. If your stimulus payment was sent to Republic bank and was based on a prior-year return, Republic Bank will return the payment to the IRS. Republic Bank/IRS glitch I read on Republic Bank’s taxpayer site that the IRS glitch sent some of the latest stimulus payments to closed temporary Republic bank accounts for those that had fees taken out and they were sent back to the IRS. Larry King's magnificent seven — his ex-wives, Dog fight: NYC man chooses jail over giving pup back to his employer, Beloved equestrian 'ousted,' replaced by Alec and Hilaria Baldwin's charity, Trump says 'we'll do something' but 'not just yet' in first post-presidential remark, Kamala Harris moves next door to Joe Biden — see inside her new home, © 2021 NYP Holdings, Inc. All Rights Reserved, IRS may have let $57M in ‘erroneous’ tax breaks slip through: watchdog, Millions of stimulus checks sent to wrong bank accounts, tax firms claim, Why some taxpayers won’t get COVID stimulus checks right away, Feds have delivered two-thirds of COVID stimulus check money, Californian dies hours after getting COVID-19 vaccine, prompting probe, Find out the jobs behind these expensive clothes, Larsa Pippen flaunts ample assets while tanning in string bikini. More On:irsMillions of stimulus checks sent to wrong bank accounts, tax firms claimWhy some taxpayers won’t get COVID stimulus checks right awayFeds have delivered two-thirds of COVID stimulus check moneyH&R Block, TurboTax at center of stimulus check delays and confusionMillions of Americans whose stimulus checks got caught up in an Internal Revenue Service snafu should … The biggest potential issue we expect to encounter are customers who no longer have access to receive mail at the mailing address submitted on their current year bank product application. 80,896, This story has been shared 70,765 times. Millions of Americans whose stimulus checks got caught up in an Internal Revenue Service snafu should receive them by early February if they haven’t already, tax preparation firms say. Anyone have any idea how many this affected? Thanks for contacting us. Apr 14, 2020 — I’ll will keep everyone … Other tax preparation companies, including Republic Bank Taxpayer Solutions, TaxAct, Chime and TurboTax, have also released statements blaming the IRS … The issue is that the account where the stimulus payment was deposited didn't belong to the taxpayer. On December 27, 2019 the Consolidated Appropriations Act, known as the COVID-19 Relief Bill, was signed into law - Republic Bank was already preparing for the program well before it was signed. The IRS is working to fix a mistake that caused it to send millions of $600 coronavirus relief payments to closed or inactive bank accounts, forcing taxpayers to wait as the money bounced back to the feds. Republic Bank review from Senath, Missouri: Republic is a fraud they received taxpayers moneys my direct deposit by the IRS. Anyone have any idea how many this affected? According to the Small Business Association we were able to help those companies retain more than 60,000 jobs! Your Ad Choices If you filed a 2019 return and your payment is sent to Republic Bank first, Republic Bank will send you a check. Privacy Notice https://www.republictaxpayer.com/ Those temporary accounts were set up for customers by tax preparers, who say they’re working with the IRS to get the money to the right place in the coming weeks. “The IRS regrets the inconvenience and greatly appreciates the assistance of our tax industry partners in helping accelerate a resolution of this issue,” the agency said in a statement. An Assisted Refund (AR) permits payment of tax preparation and other fees with your refund upon completion of services. The Internal Revenue Service (IRS) confirmed this month that it has fixed an error that has seen some people in the United States miss out on extra … So I wasn’t worried until I read that notice a a little bit ago. Story has been shared 37,520 times in the first place Bank first, Republic Bank is proud be! 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