Tax Tip #304

The IRS has issued additional guidance to its newly-adopted electronic payments only policy. 

Taxpayers expecting a federal refund who do not include direct deposit information on their tax return will receive a letter from the IRS requesting that information or an explanation as to why it was not initially provided. This will delay their refund being issued. 

To ensure timely receipt of your refund, Goldstein & Loggia strongly recommends providing your bank account and routing number along with your tax documents. This information can be securely uploaded through our client portal. If you do not use the portal, contact a team member for assistance with providing this information safely. (Do not reply to this email with this sensitive banking information.)