How to Recover a Tax Rebate
- 1). File your taxes early. The best way to get a jump on recovering a tax rebate is to file your taxes as soon as possible. Most people wait until the last minute to file taxes. While filing can be a chore, especially if you do your own taxes, it is better to get them done and submitted as soon as you can.
- 2). Avoid extensions. This can occur when there is missing information that the taxpayer must wait to receive. In this case, the taxpayer may file for an extension. Additional time will be granted for the taxes to be filed.
Tax returns that are filed on extension will take much longer to collect rebates. This is because the returns will be sent out to those who filed on time before those who filed with an extension. - 3). Be organized. If you hire a professional tax preparer, make sure you provide all your information. By doing so, the preparer will be able to submit your return much faster. If they have to wait for you to gather the necessary information, you will wait longer for your rebate and pay a higher cost to the preparer. If you do your own taxes, make sure to double-check everything. When your tax return is complete, file electronically. This is the fastest way to file your taxes and recover your tax rebate.
- 4). Use the direct deposit option for your rebate. If you do not, you will have to wait for a check to arrive and clear with the bank. Direct deposit is the safest and fastest way to accept your tax return and rebate. Make sure the direct deposit account is the same for your return and your rebate. The IRS cannot directly deposit into different accounts. If you want your return and rebate deposited into separate accounts, you will have to accept a check for one of these.
- 5). Update your information. If you move, make sure to file your return under the current address. You will not receive any checks from the IRS if they do not have the correct contact information. It is always important to maintain updated records with the IRS.
- 6). If you tax rebate is lost or does not arrive, contact your bank to inquire about any incoming direct deposits. Your bank might have deposited your payment into another account holder's account inadvertently. If this is not the case, immediately contact the IRS to request a trace on the payment.
Source...