Anyone had experience the same issue with me? IRS sent me a check named for me and my husband. My mistake, i deposited it on my personal account and not our joined account. Now, bank cashed the amount and said that they can’t released the funds to me but instead will just return it to IRS. I wrote a letter to the IRS explaining the situation +the cashed check with “void” written on the back and my banks contact information. Now, Ive been trying to call them but hasn’t been successful. How long do they investigate this kind of stuff? Letter was sent and received last July but no update on my transcript. Please help if anyone had a similar situation 🙏
Posted by Southern-Listen-7050
2 Comments
Have you verified the bank retuned the funds? A cashed check will only be validated that it was cashed. It can take up to 1 year for an uncashed check to drop out of the system & the funds posted back as a credit.
Did the bank send the funds back under your SSN? If hubs name was the first one on the return the credit might be stuck as the funds were issued to him (and you as the secondary filer) but the funds coming from your bank would just be a credit under your SSN.
You can check your account transcript online and see if there is a credit for (I’m guessing) 2023. If so, you’ll need to call in as the system may be holding the $ waiting on an amended return.
Can’t your husband cure the endorsement problem with the bank?