Preferred Processing LLC, based in Waco, TX, is a company that specializes in tax refund payment processing. However, due to recent changes in Treasury tax refund payment procedures, their current software structure has become impractical, leading them to suspend location contracts for processing in 2022. They will be focusing on handling unresolved items and researching solutions for issues such as return of funds for unreachable taxpayers and un-cashed taxpayer checks.
With their normal menu for accessing prior year data still active, Preferred Processing LLC ceased receiving new deposits on January 1, 2022. Their dedicated efforts in 2022 and 2023 will be directed towards resolving outstanding matters and ensuring efficient handling of financial transactions.
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