They will demand the taxpayer return the funds to a specific bank account, or even ask for access to the victim's bank account, which can expose the victim to even more financial losses. Contact the Automated Clearing House (ACH) department of the bank/financial institution where the direct deposit was received and have them return the refund to the IRS. The tax collection agency says a relatively new one works like this: hackers break into computer systems belonging to tax preparers and accountants. suspected it might be a scam, and he asked NBC Bay Area Responds to investigate. Our advocates will be with you at every turn as we work with you to resolve your tax issue, We ensure that every taxpayer is treated fairly and that taxpayers know and understand their rights. The IRS just paid out another 4M surprise tax refunds - Yahoo Finance Thing is, I've already received my federal and state tax returns back in February/March and they were for a different/lower amount. Yes, the scammers now have real bank account information and they have erroneous refunds deposited into those real accounts. IRS Treas 310 is a normal ACH direct deposit refund or stimulus payment from a filed tax return, where there have been no offsets to the amount of the refund. IRS Surprise Money Issued As People Find Tax Refund Deposits - Newsweek Note: It is not possible to change your bank information once your payment has been processed. The IRS first alerted taxpayers to this scheme in 2018, and it says the scam takes on a variety of forms. Unexpected direct deposits and paper checks went out to people whose tax bills were reduced after they'd already paid them, because of a provision in President Joe Biden's massive pandemic rescue bill from March. We cant deposit more than three electronic refunds into a single financial account. Submit a personal check, money order, etc., immediately to the appropriate IRS location listed below. Repaying an erroneous refund in this manner may result in interest due the IRS. I don't understand why they're sending me this money. Sudden, unexpected $900 deposit from the IRS pending in my account? We found one buried in an FAQ page from the U.S. Treasury when surprise refund deposits showed up in peoples bank accounts back in June, but not even the IRS spokesperson we reached out to at the time could confirm what the codes meant. For others, the cash sometimes thousands of dollars came as a surprise. Contact the Automated Clearing House (ACH) department of the bank/financial institution where the direct deposit was received and have them return the refund to the IRS. The remainder were not owed money back for a variety of reasons, including because they had other taxes due or owed other debts. They threaten arrest, suspension of SSNs, and/or high penalties. If you happen to notice an automatic deposit made in your bank account from the IRS or you get a refund check in the mail that you werent expecting, you are likely the victim of the latest tax scam.

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