Amount Of Refund Not Deposited In Bank Account

[Yardley CPA]

I'm curious as to whether there is any requirement for the IRS to notify tax payers if they deposit an amount in the tax payers bank account that is different from the amount calculated on the return? I was informed today by a client that the refund amount indicated on the return was not deposited into their account...an amount $8 less was deposited.

The amount is not the issue. I'm just wondering if there is any requirement that the tax payer receive some type of explanation? Does anyone know? I plan on calling to inquire but wanted to ask this board first.

Thanks!

[Lion EA]

I don't know what's required. I have seen letters with explanations arrive via snail mail, obviously some days after the direct deposit.

[joanmcq]

Same here. The letter explains what the difference is; withholding difference, penalty on underpayment of estimates, math error.