The Inland Revenue Service is going to introduce new procedures to combat and sort out theft in US, with effect from January 2015. The process will limit to three the number of refunds that can be electronically deposited into a single financial account.
An automatic convert of the fourth and subsequent refund to a paper refund it will be mailed. A notice with informing the taxpayers that the account has exceeded the direct deposit limits and that they will receive a paper refund check in approximately four weeks, if there are no other issues with the return. The limitation may affect some taxpayers, such as families in which the parent’s and children’s refunds are deposited into a family-held bank account.
