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Webinar Offers Guidance on Dealing with ACH Tax Refunds: Exceptions, Posting & Liabilities

Tue, Jan 2, 2018

The IRS issues over 101 million tax refunds yearly – over 80% via Direct Deposit. The average refund is over $3,000. With such high volume, it is imperative that financial institutions understand the unique requirements surrounding tax refunds to avoid potentially large losses. These requirements address account number/name matching situations, deceased recipients, refunds posting to incorrect accounts, and refunds as exception items. The webinar on Wednesday, January 3, from 3:00 - 4:30 p.m. and will cover the rights and obligations of the financial institution, accountholder, and tax preparer. Learn how to correctly handle these exceptions to minimize your financial institution’s liability. REGISTER HERE