I filed online with HR Block on Jan 31st. IRS accepted my return on the First of february. Then starting this wednesday the IRS Wheres my Refund site said sheduled for deposit on February 9th. Hr Block uses HSBC Bank in Delaware to transfer my refund into my Chase account. And when I log into the chase account there is no record of deposit and the HSBC bank that HR block uses to transfer the return into my bank shows that the IRS has not deposited the money into there account. Prior year returns I have always recieved when the IRS Site said it would be deposited. Would they delay for a review after they so called processed it and accepted and scheduled it for direct deposit? I did not claim the EIC . But I did claim the phone tax one.
2007-02-09 04:25:56 · 7 answers · asked by skibumm82@sbcglobal.net 1 in Business & Finance ➔ Taxes ➔ United States
There are a couple other tax changes congress passed late last year and the IRS is working the kinks out. Good luck and I hope you get your return soon.
2007-02-09 04:29:26 · answer #1 · answered by LEL61719 3 · 0⤊ 1⤋
I'm kind of in the same boat. I have always used H and R Block every year. For the last two years I have also used the simple pay service through HSBC. Every year I have always had my refund on time, the "where's my refund site says the money was deposited on the 9th. I called my bank on the 10th (saturday) and they told me they did not see the deposit yet. I had a deposit incoming for monday but not the refund deposit but another deposit for my wife's work. So basically HSBC must be sitting on it like another person said. I'm assuming they will have it out Monday or Tuesday for deposit with my bank. I'm not sure what the hold up is as they got it in on time last year I believe. I probably will not be using the HSBC service again through H and R Block and just do a straight deposit next year. By law I thought they were supposed to turn the money around the same day, but who knows. Hopefully, the IRS has not messed up on this batch of refunds, but my thoughts lead me to believe HSBC is just sitting on the money unil monday or tuesday. I really hope that it is not that case, like someone else mentioned that H and R Block gave incorrect banking information to HSBC, that would be very very bad imo.
Update: 2/12
I just got off the phone with HSBC, just an automated person, but it said there was a general (widespread) delay in receiving the funds from the IRS. However, it said our application had been approved and the money was to be deposited on the 9th but could take up to 2 business days before it shows up at the bank. I would imagine no later than Wednesday then.
2007-02-11 03:46:55 · answer #2 · answered by jason h 1 · 0⤊ 0⤋
It sounds like it will not show up in your account until Monday since it has to go through different channels---the HSBC Bank first and then yours. But, I agree with you that when the IRS says that they are doing a direct deposit that day, mine have always shown up that same day. I really don't think that after they gave you an actual date of deposit that they would have pulled your return for a review--especially if you did not get a code like others have received when they do do that. Can you call your bank and see if there is a deposit pending to your account? Because they will tell you that over the phone, even though it may not be showing up online. That's happened to me before. It's worth a call to find out.
2007-02-09 05:09:28 · answer #3 · answered by MarineMom 6 · 1⤊ 1⤋
I just wanted to let everyone know, also, that if you are using HR Block online tax service with direct deposit, to beware! They gave HSBC (the bank that deposits the money into your account) the wrong account number on mine and my boyfriends tax returns. I know it wasn't my error, because I ALWAYS double check my banking info just so there isn't any mistakes. My boyfriend and I don't use the same bank, either. I don't know what's going on, but this is ridiculous. I use HR Block every year, but probably won't next year, simply because of this. There is a phone number you can call to verify that they have the correct account number. It is:1-888-503-8361....Hope this helps someone.
2007-02-09 13:53:27 · answer #4 · answered by klain68 2 · 0⤊ 0⤋
I completly know what ur saying our's( my husband an I ) were also suposed to recieve ours today but did not.
everyone we called said we would get ours today... hr block has totally screwed us over numberious times, I diffently know next yr im doing something differnt even if I do got wait long time least i know when to expect it and not get the run around from everyone.
Iv called IRS, Treasury dept, and Debt managments and HSBC bank everytime I call its differnt story now there saying they have our money just aint processed it yet so in other words there just taking nice easy ole time. ill never do hr block or any kind rabid refund again threw any bank its not but rip off so they can give people the run around and make a extra dime...
Hope u have better luck then we have let us know if u see any change
2007-02-09 15:27:55 · answer #5 · answered by bacardi_chick192004 1 · 0⤊ 0⤋
Mine was also but I was told by the IRS that the system is down and it is taking long than expected. they said try back monday
2007-02-11 07:07:26 · answer #6 · answered by Anonymous · 0⤊ 0⤋
If it's not in there today look monday...
2007-02-09 04:36:13 · answer #7 · answered by Anonymous · 1⤊ 1⤋