02/20/2024
Before this first drop of tax refunds hit ๐ฐ letโs make some things clear:
โ๏ธ If you didnโt pay prep fees upfront the refund bank will be listed for direct deposit on your 1040. They receive the refund then disburse the prep fee to your preparer and send the remainder to your deposit election of choice which is on your bank application when your return was initially prepared.
โ๏ธ If your refund is offset/reduced youโll need to wait for a letter from the IRS or Call the offset number: 800-304-3107 if you want clarification of what debt you had.
โ๏ธ Your tax preparer will not know if you have any debts that resulted in your return being reduced or fully taken.
โ๏ธ If your refund is FULLY offset, you still owe your tax preparer. We do not work for free and your existing debts are not a cause for a profit loss on our end. Weโve done our job.
I hope everyone enjoys their refunds to the fullest ๐ค๐ฝ๐