Can the IRS take back my refund?

Is it possible for the IRS to take back a refund they already gave me? My husband and I filed a joint return a few weeks ago, with a 3600 refund. The IRS website told me that a direct deposit in this amount was scheduled to be made yesterday (Friday the 16th). I called my husband yesterday (overseas in germany) to find out if the deposit had been made. He went to the ATM, checked it, and said that all 3600 had been deposited. Then he called me this morning and said that the ATM was saying that the money was not there anymore. Is this possible? Can the IRS just take the entire amount of the refund back without notice, and that quickly? We're talking about hours here, and the IRS is not exactly opened on the weekend! Help!!!

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  • Anonymous
    1 decade ago
    Favorite Answer

    You need to check with your bank, once the refund is deposited the IRS can not just take it back, IF you were issued a refund that you were not entitled to the IRS would send you a letter explaining the reason why and requesting the money back.

    Source(s): Internal Revenue Service 1-800-829-1040
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  • 1 decade ago

    Once it is deposited into your account---the process takes 2 days because the IRS transmits the deposit info on Wed for a Friday deposit to your bank, they cannot just take it back that fast and there would be no reason to do that. If your return was processed and they gave you a deposit, then it has passed through all the phases it has needed to and you should have your deposit. Only at a later date, if they found you left off a W2 that you should of included or some other error, they will they send you a letter (been there, done that) and let you know there was a mistake in your return and you owe additional taxes or whatever. Then you have to set up a payment plan or pay it off right then. But, I have never heard of them being able to withdraw a deposit the same day it is deposited into your account. Something else must of happened, but your husband or you just needs to contact the bank to find out...it may still be there just not showing on the ATM balance for some reason.

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  • Gem
    Lv 7
    1 decade ago

    The IRS can do anything they want, they are the IRS and have been bestowed the powers of god in this country.

    But, having said that, it may just be that the money really wasn't "there" yesterday (the deposit was noted, but the funds not actually transferred). If I were in your shoes I would hold on until business on Monday and see if it is back.

    Final note that most people do not realize. When you give the IRS (or any company) permission to deposit funds into your checking and savings, that permission also gives the company/IRS permission to TAKE funds from your account. For this reason, my hubby & I use a separate account that is only used for these type transactions. Then as soon as the money is there we transfer it out into our "real" account. I just don't trust the b*stards.

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  • 1 decade ago

    It could be the IRS, or it could also be your bank. We did the same thing, and as soon as the bank opened, they put a HOLD on the account to make sure that the money was actually suppose to have gone in. The Hold was lifted when I visited the bank in person to deposit our paychecks. Not only are banks suspicious of large deposits in the first place, but it is also a requirement of the Department of Homeland Security to flag any unusual monatary transactions, even if that money comes from another branch of the government. (Sweet, eh?)

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  • 1 decade ago

    No, they usually don't do that.If they were going to take it they wouldn't have issued it out. They would have sent a letter instead. They don't take your money without sending a letter. You can go to their website and track your refund and get more info. It seems like a bank error.The bank should be able to tell you if and who withdrew the money.

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  • 1 decade ago

    I know my work can reverse a deposit if they screwed it up, or think they screwed it up. So I would assume that the IRS could reverse a deposit as well. But IRS usually wait, and then audit you later on, so they can accrue more fees and interest. Probably a bank error.

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  • 1 decade ago

    you have to realize that just because the irs website says it doesnt make it so......i file taxes every single day and i see the irs do a number of things that are mind boggling...remember when you are dealing with the irs nothing is set in stone....any information or portion of that information is subject to change at any given moment for any given reason and yes they can do it

    Source(s): been filing taxes and dealing with the blood sucking bastards for 18 years
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  • Anonymous
    1 decade ago

    It takes a few days before it gets hard posted to your account. In a few days it should be hard posted to your account.

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  • 6 years ago

    can the IRS take your refund if you owe money foe overpaid food stamps?

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  • Anonymous
    1 decade ago

    I don't believe the I.R.S. did that.If they mada a mistake they will usually go after you for the amount in question.It would have been a helluva serious reason for the I.R.S. to take it back that fast.

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