FOR ALL COVID-19 STIMULUS PAYMENT RECIPIENTS, SEE THE MESSAGE BELOW:
The expectation is that the majority of the stimulus checks will be mailed or direct deposited directly to the taxpayers from the IRS.
However, there is the expectation that some will slip through to Republic Bank, our banking partner.
On these, clients will ask because the IRS portal is indicating that the final four of their account number is: the final 3 digits of their Social Security Number and a zero.
According to Republic Bank, our banking partner intend to mail those directly to the taxpayers at the address that we have on file.
In order to expedite, Republic Bank will not be waiting to update addresses or contact information; if someone’s stimulus is mailed to an incorrect address, they can complete a Stop Payment & Indemnification Form.
They can find that at www.republictaxpayer.com and complete with ID & updated address documentation (ERO signature nor notarization are necessary in this scenario).
If the payments are not properly identified at Republic Bank as stimulus (amounts that have been lowered for any reason), you might have a check to print.
There will be a $10 fee assessed by Republic Bank for processing and mailing your check to you.
If prep fees and/or Easy Advance Fees haven’t been taken out, Republic Bank our banking partners, will address it and take these out at this time.
At this time, we have received notification from Republic Bank that they will continue to send updates via phone or email addresses they have on file.
The main point that I would express to our clients as the ERO is:
Your stimulus check should be coming directly to you from either the IRS or from Republic Bank, and we, Money Tax Service are really not involved, and cannot expedite this process. My apologies.
Hope this helps and be safe and practice social distancing during this pandemic. If you need any assistance feel free to contact us at 1-855-875-3322.
At Money Tax Service (MTS) the safety and health of our Customers and Employees is our utmost priority. Like you, we are closely monitoring the latest information on the Coronavirus (COVID‐19). We recognize that milestones and dates are coming up and it is important for our customers to know that they have a partner who is prepared to ensure a successful tax season. With this in mind we would like to share the following with you so that you are aware of our commitment to business continuity:
· Money Tax Service is uniquely prepared to withstand any regional outbreaks:
o We are maintaining our corporate office in Montgomery, Al as well as our 1-855-875-3322 number to call if you need assistance
o In the unlikely event that our Region were to be impacted at the same time, Money Tax Service has the ability to work remotely with full access to our systems and support tools – however, our intention is to keep all offices open during the remainder of the season
· Money Tax Service can assist you and your office to protect our clients by utilizing the latest technology to support remote tax preparation:
o Mobile apps, such as Taxes2go, that allow clients to send documents, data, and other essential information to their professional tax preparer remotely
o Remote Signature Capture via multiple methods to enable your clients to sign all tax documents remotely
· Money Tax Service is taking steps to reduce exposure for employees; this includes, but is not limited to:
o Reduction in non-essential travel
o Internal policies to ensure a sanitary work environment
o Conducting thorough review of all events
Additionally, The Treasury Department and The Internal Revenue Service have announced that the federal income tax filing date is automatically extended from April 15, 2020, to July 15, 2020. The Money Tax Service Team would like to remind everyone that the CDC website is available as a resource for best practices for protecting yourself, your business, your employees, and your families.
We will continue to update you of any changes, but for now, please know that you can move forward with the full confidence that Money Tax Service is very well prepared and, as always, here to assist you and your professional tax preparation needs.
Your Money Tax Service Team
This website exists to provide clients and potential clients with information concerning Money Tax Service and our unique, low-pressure approach to personal and professional services. We have an excellent client-retention rate, and we are extremely proud of the high-quality services that Money Tax Service provides.
Please, feel free to browse the Money Tax Service website to see the services we offer as well as the many helpful resources we provide. When you are ready to learn more about what we can do for you, we encourage you to contact us.