Thursday
Jan 20
2022

Dealing with ACH Tax Refunds: Exceptions, Posting & Liabilities

Registration Options & Pricing

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Live Webinar Access Includes:

  • Unlimited Connections to Virtually Attend the Live Webinar
  • Handout & Take-Away Toolkit
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  • Presenter’s Contact Info for Follow-Up

On-Demand Access Includes:

  • Unlimited Access to Webinar Recording
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  • Handout and Take-Away Toolkit
  • Available on Desktop, Mobile & Tablet
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  • Share link with anyone at your credit union
  • Presenter’s contact info for follow-up
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This is a 60-minute webinar.

10:00 am – 11:00 am HST
12:00 pm – 1:00 pm PT
1:00 pm – 2:00 pm MT
2:00 pm – 3:00 pm CT
3:00 pm – 4:00 pm ET

The federal government is one of the single largest users of the ACH Network. Proper handling of ACH tax refunds and exceptions is crucial to reducing losses, increasing compliance, and keeping accountholders happy. Now is the time to prepare!

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

  • Understand your financial institution’s liability for IRS tax refunds
  • Properly handle refunds issued to deceased individuals
  • Distinguish between state and federal tax refund responsibilities
  • Decide which entries to post and which to return
  • Use Nacha’s opt-in option for the return of questionable refunds

WEBINAR DETAILS

The IRS issues over 101 million tax refunds annually and over 80% of these are via Direct Deposit. The average refund is over $3,000. Each spring financial institutions are faced with the challenges associated with exception processing related to ACH tax refund payments. This session is designed to ensure efficient processing of ACH tax refunds and, more importantly, protect your financial institution from losses from incorrect payment handling. Topics will include name/account number mismatches, deceased recipients, posting to incorrect accounts, and other exception items.

This course is eligible for 1.8 AAP credits.
Attendance certificate provided to self-report CE credits.

WHO SHOULD ATTEND?

This session is ideal for ACH operations staff, AAP candidates, audit personnel, and compliance staff.

TAKE-AWAY TOOLKIT

  • Electronic copy of government payments exception handling quick reference cards
  • Employee training log
  • Interactive quiz

DON'T MISS THESE RELATED WEBINARS!

"2022 ACH Series"

"Enhanced Due Diligence & Risk Assessment of ACH Customers"
Wednesday, May 25, 2022

"Faster Payments Basics"
Thursday, June 2, 2022

 

NOTE:  All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.

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