Sec. 1407. Misdirected tax refund deposits
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Section 6402 is amended by adding at the end the following new subsection: Not later than the date which is 6 months after the date of the enactment of the Taxpayer First Act of 2018 , the Secretary shall prescribe regulations to establish procedures to allow for— taxpayers to report instances in which a refund made by the Secretary by electronic funds transfer was erroneously delivered to an account at a financial institution for which the taxpayer is not the owner; coordination with financial institutions for the purpose of— identifying erroneous payments described in paragraph (1); and recovery of the erroneously transferred amounts; and the refund to be delivered to the correct account of the taxpayer. .