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It could even refer to automatic tax adjustments or refunds related to tax-free unemployment benefits. However, its possible your tax return may require additional review and take longer. In addition, if you do wind up receiving your tax return via direct deposit, don’t fret if the transaction is labeled IRS TREAS 310 - this is simply for identification purposes to indicate an IRS tax refund in the form of an electronic payment, according to CNET. The IRS issues more than 9 out of 10 refunds in less than 21 days. If there is a delay due to a recovery rebate credit, earned income tax or additional child tax credit claimed on your return the IRS will send you a letter explaining the delay. A refund date will be provided when available indicate It infers definitely what it says. The IRS may be reviewing your return for additional information. Answer (1 of 18): What does IRS tax message, Your tax return is still being processed. Your refund was used to offset other debts. The IRS may not issue a credit or refund to you before February 15th, if you claim the Earned Income Tax Credit (EITC) or Additional Child Tax Credit (ACTC) on your tax return, TAS reports. It’s possible that the IRS is holding your return. If your bank information was changed after your refund was signed and returned, it could be a sign of fraud. The IRS is not responsible in these cases. Verify that your bank account information is correct to ensure your refund did not go to the wrong account. You can follow IRS guidance for speeding up your tax refund by using e-filing, opting for direct deposit and avoiding errors in your tax return. You can report stolen or lost refunds here. If you’re still waiting on your tax refund, you can track your tax refund status through the IRS’ Where’s My Refund tool. Once you narrow down the status of the refund, you might be able to understand what’s causing the delay.Ĭheck if your refund is stolen or missing. The case may then become a civil matter between you and the financial institution and/or the owner of the account into which the funds were deposited.The Taxpayer Advocate has identified some reasons your return may be delayed:Īccess the “Where’s My Refund” tool here. If funds are not available or the bank refuses to return the funds, we cannot compel the bank to do so.

Even if you did not request a direct deposit, these types of refunds are directly deposited into the preparer’s financial institution, so you should contact the preparer for resolution. Usually this occurs when you authorize the fee for preparation to be taken from your refund.

The following are some common issues with direct deposits and how they are handled:

Once the funds are returned, we will issue a paper check to the address indicated on your return. In general, if you have an issue with your direct deposit, such as closing your bank account after you submitted your return, the financial institution will return the funds to us. We are not responsible for a lost refund if you entered the wrong account information for a direct deposit.