Yes
Depends on when this was asked, no. In 2010 they started the new Modified Efile system and only some returns qualified for that route. Any returns that went to the MEF could be funded on any day of the week. MEF will be the new standard.
Fridays is the day they DD
Once the return has been filed, there is no way to correct the direct deposit information that you provided to the IRS. What will happen is that the IRS will attempt to deposit the funds in the account that you provided, and if it fails they will mail you a check instead. Obviously, this will delay your refund a bit, which I'm sure is not what you wanted to hear.
10,000$, Then it must be reported to the IRS, and only if in cash.
No, not automatically. The IRS is not notified each and every time a person or company's bank account receives a larger than usual deposit. However, personnel at banks have been known to manually make referrals to the IRS or other law enforcement agencies when they suspect a depositor has made a deposit of funds secured through unlawful means.
Jan 22nd
Although the IRS's website says deposits are only done on Fridays I received mine on a Wednesday morning. I got mine in 7 business days.
Fridays is the day they DD
Once the return has been filed, there is no way to correct the direct deposit information that you provided to the IRS. What will happen is that the IRS will attempt to deposit the funds in the account that you provided, and if it fails they will mail you a check instead. Obviously, this will delay your refund a bit, which I'm sure is not what you wanted to hear.
Yes, the IRS can place a levy on funds that are held in a family trust. However, they usually only place liens on this type of account as a last resort.
10,000$, Then it must be reported to the IRS, and only if in cash.
The maximum cash deposit before the IRS raises a flag is under $10,000. Anything over $10,000 must be reported by banks to the IRS.
No, not automatically. The IRS is not notified each and every time a person or company's bank account receives a larger than usual deposit. However, personnel at banks have been known to manually make referrals to the IRS or other law enforcement agencies when they suspect a depositor has made a deposit of funds secured through unlawful means.
Jan 22nd
fridays It depends, this year (2012), people are getting deposits on various days, a few friends of mine got theirs on Tuesday, I got mine on a Wednesday, and some are reporting Thursday and Friday. Best thing to do is check the IRS "Where's My Refund" site. http://www.irs.gov/individuals/article/0,,id=96596,00.html and check with your bank to see if you have a pending deposit on the account.---Vegeta.
THEY can't have the IRS send it to them. But, once you deposit it in their institution, it loses it's identity as tax refund...it's just like any other money...and normally your agreements with the bank say they can take any funds on deposit there to offset whatever you owe them.
Banks will accept any amount if you deposit it. However any cash deposit made over $10,000 will be reported to the IRS.
Usually on Friday am