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Subject:  Re: bank bounced check to irs Date:  4/24/2004  11:49 AM
Author:  Jeanwa Number:  71625 of 123001

I called our accountant...and he said, "oh god, no." The best he could tell me was to wait for the IRS either to send the check back through to the bank or to return the check to us. We'd just have to wait to see what they do. He didn't understand why a hold for 8 days since the check was drawn on a local bank by a well known entity in town.

Now what??? Any other suggestions? Do I have any recourse against the bank?


I'm surprised the accountant had such a dramatic reply, I would never talk that way to a client! It's not the end of the world and there are lots of solutions.

There probably isn't any recourse against the bank, it's pretty standard practice....that said, the bank should be willing to write a letter to the IRS explaning/confirming what happened...if you get a notice from the IRS.

The IRS isn't, IMHO, really the "bad"