You may disregard the letter. Did you get a Refund Verification letter from us? | Virginia Tax of affiliate partnerships - its visitors click on links that cover the expenses of running this If you think you are a victim of tax-related identity theft, you may want to: If you did file the return, we will continue processing your return once we receive all requested documents and can confirm that the return is correct. of money accessible to everyone. Furthermore, personal loan providers that cannot verify your credit score will likely ask you to verify your bank account and then check your income. *Note, If you filed a Michigan Homestead Property Tax Credit Claim (MI-1040CR), and no MI-1040 return was filed, use the amount on line 44 from the MI-1040CR. In recognition of International Fraud Awareness Week, the IRS is highlighting the many successes in combating fraud and protecting taxpayers. There were manyissues last year with fraud and state returns and some refunds were even haltedfor a time. Share sensitive information only on official, secure websites. Merchants who accept checks: These types of merchants are always at risk of coming across customers with insufficient funds or those who gained unauthorized access to someones account. Refund verification Demand payment without giving you the opportunity to question or appeal the amount they say you owe. The information needed for banking verification is available on any paper or digital check issued by the bank. 2023 WellsColeman. Refund Verification Letter - VIRGINIA - VisaJourney One of the reasons for this is because they need to share the verified information with government institutions to explain where their money is going or coming from. Please let us know how we can improve this page. If your return is selected for additional review, our Refund Review Team manually reviews the return and may send you a letter requesting additional information. These criminals many of them sophisticated, organized syndicates - are redoubling their efforts to gather personal data to file fraudulent federal and state income tax returns. These features are in place so that you can rest assured knowing that you are not depositing bad funds into your account. If you filed jointly, be sure to include all documents and Please remove any contact information or personal data from your feedback. Currently, there are three areas microprinting is utilized: bottom line above the Magnetic Ink Character Recognition (MICR) line, signature line on the back of check, and on the garment of Lady Liberty.. Treasury, which is visible from the front and back of the check when held up to a light. Invoice Discounting vs. Factoring: Whats the Difference? What Can You Do To Help Us Process Your Return More Smoothly? The outstanding balance for a specified tax year. Please see the issuers website The IRS warns taxpayers of new scams that urge people to use wage information on a tax return to claim false credits in hopes of getting a big refund.. If your return is selected for review, it will take longer to receive your refund. WebIf you can't verify your identity online or don't have the required documentation, please contact us using the toll-free number listed on your letter. Advertiser Disclosure: Fortunly.com is an Receiving the letter does not mean youare victims of identity theft or that your return contains errors or missing data, just means that your return wasstopped for review. However, in some cases, criminals sought to exploit the situation, filing for fraudulent unemployment benefits using stolen identities. If notified in time, the IRS can take steps to prevent employees from being victimized by identity thieves filing fraudulent returns in their names. This year was different as half of the year was spent under the new realities that COVID-19 has brought us. You must submit an appeal within the required 60 day deadline listed in the notice. Please do not include personal or contact information. Of course, youll have to provide the lenders with your bank account details to be able to receive your loan. What Can You Do To Help Us Process Your Return More Smoothly? ", this can the fastest way to received your refund. I received a refund verification letter for my 2021 Virginia tax return. Heres a list of common gift card scams and schemes: The caller says theyre from the government maybe the IRS or the Social Security Administration. This will typically involve a small amount being deposited or withdrawn from the account to verify the bank account details. WellsColeman is a member of the BDO Alliance USA, a nationwide association of independently owned local and regional accounting, consulting, and service firms with similar client service goals. So far, more than 16,000 taxpayers have been notified to take the quiz, and once the quiz is passed, refunds are issued. business-related offers. While the Department is required by law to send the Notice of Deficiency or Rejection of Refund Claim letter, the main purpose of this letter is to provide you with the following information: The Final Determination and Demand of Payment letter is also required by law but our main purpose in sending it is to let you know that an outstanding tax debt remains that was not resolved after the initial Notice of Deficiency or Rejection of Refund Claim letter was sent. It's just certain supplementary step we're taking until verify the returns ours process and make secure refunds go for the right person. Sign upnow, If you receive a refund verification letter from us, it doesn't mean you did anything wrong, or that theres anything wrong with your return. Copyright 2020Virginia Department of Taxation. File your tax return early - and file electronically. It's easy! If you would like to continue helping us improve Mass.gov, join our user panel to test new features for the site. Know the telltale signs of a scam and how to know its really the IRS calling or knocking on your door. Verification Letters When the new online application is launched, notices will be sent to affected taxpayers with instructions for completing the refund verification. Treasury checks that are older than 13-months old will not be available in this application. If you did not submit a return to the Department, please check the box in the first paragraph and return the letter immediately to the address or fax numberprinted above. What Can You Do To Help Us Process Your Return More Smoothly? Although only a small percentage of taxpayers due refunds will be included in the verification process, it could mean that up to 20,000 taxpayers will experience a delay in receiving their refund. The IRS notified you that a false federal return was filed. There are already fraudsters trying to scam people by sending out bad checks, as they print and send checks that look similar to the U.S. Treasurys. The IRS partners in this effort with charities, regulators, agencies, law enforcement and other not-for-profit stakeholders around the world to raise awareness about fraud and cybercrime that affects charities. See. Verification Has anyone You receive an unexpected assessment or notice indicating that you owe additional tax. On the right is the United States eagle and on the left is four lines of FMS, with the FMS seal bordering both sides. Bank account verification is a process that enables businesses and financial institutions to verify ownership of bank accounts. Procurement | Expenses | Web Policy | WAI Compliant | Public Notices | Archived Public Notices. If you received a notice from the Department about not filing your sales tax return, visit the Sales Tax Non-Filer Notices web page to learn more. We often send letters requesting additional documentation to verify information claimed on returns. Just like with everything else related to your finances, its important to be mindful of scammers and bad actors. When we denied the refund, we sent you a notice explaining how you can appeal that denial. Solved: Has anyone ever received a refund verification needed Get Virginia tax filing reminders and tax news for individuals and businesses. Refund Verification Letter from VA taxation? Any insight? The Virginia Department of Taxation is sending Review of Tax Return letters (AUIN073A RAP Additional Review) to some taxpayers to verify withholding information. My job at Fortunly is an opportunity to analyze government policies and banking practices, sharing the results of my research in articles that can help you make better, smarter decisions for yourself and your family. The IRS, state tax agencies and tax industry warn tax professionals of new email scams that attempt to steal their tax software preparation credentials. Refund Verification Letter from VA taxation? WebWhat is a Check Scam? TAP is a volunteer board that advises the IRS on systemic issues affecting taxpayers. WebI did not respond to the ID verification letter and my refund was denied. IRS doesnt require Life Insurance and Annuity updates from taxpayers or a tax professional. What Can You Do To Help Us Process Your Return More Smoothly? The scammers typically explain away the over payment, but entice you to cash the check by avoiding taxes, fees or something similar. Its also available on ones online bank account profile. 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