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Can I cancel a Pre-Ack return once It has been submitted?

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No, we cannot stop it once it has been submitted, you would have to contact the bank so they could cancel it.

 

What happens with the efile once they cancel the Pre-Ack?

 

It would still go the IRS and the funds would go to the bank because it was originally sent up as a bank product.

The taxpayer could get the RT only (pay less fees) or tell the bank they want the money returned to the IRS and wait for a paper check in the mail.

Tags: federal,form,bank