Taxpayer Advocate Service – TAS Tax Tip: Got a Direct Deposit from the IRS, But Not Sure What it is For? (August 18, 2021)

The Taxpayer Advocate Service has published an article titled “TAS Tax Tip: Got a Direct Deposit from the IRS, But Not Sure What it is For?,” which provides information regarding unknown direct deposits from the IRS. The article begins as follows:

Did you get a payment by direct deposit into your account, but not sure what it is for? No problem, here’s some information that will help you figure that out.
It could be:

A refund from a filed tax return, including an amended tax return or an IRS tax adjustment to your tax account – this will show as being from the IRS (“IRS TREAS 310”) and carry the code “TAX REF.”

An Economic Impact Payment (known as EIP or stimulus payment) – this will show as “IRS TREAS 310” and have a code of “TAXEIP3”.

An advance payment of the Child Tax Credit – this will show as being from the IRS and will show as “IRS TREAS 310” with a description of “CHILDCTC”.

To view the full article, click: TAS Tax Tip: Got a Direct Deposit from the IRS, But Not Sure What it is For?

 Posted by Josh Saret, Associate Editor, Wealth Strategies Journal.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s