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  • Mary posted an update in the group IRS Manualholics 9 months ago

    Jaz
    01/17/2017

    All,
    IRS MANUEL:

    How to read your cycle:

    IMF = Individual Master File
    BMF – Business Master File

    Dead Cycle for IMF = 1st (3) weeks of Jan. IRS will attempt to post in the 4th week 201704…which is 1-23 thru 1-27.

    04 = Wed…that should be the 1st deposit to be pending in your account by Wed Jan 25th and deposited no later than Friday Jan 27th….the next Feb 3rd…and so on…if your return isn’t HELD UP…if you are “weekly”

    3.30.123.4.7 (01-01-2017)
    Dead Cycles – A Week Counter

    Definition- ECC-MTB Posting Cycles during which MASTER FILE postings do not occur.

    No data is lost. The delay in posting is solely related to start-up for the yearly changes to the Master Files.

    For BMF, there are two dead cycles each year. For 2017, they are ECC-MTB Posting Cycles 201701 and 201702. BMF transactions that are sent from the campus locations during GMF Campus Production Cycles 201701, 201702, and 201703 will attempt to post to the BMF during ECC-MTB Posting Cycle 201703.

    For IMF, there are three dead cycles each year. For 2017, they are ECC-MTB Posting Cycles 201701, 201702, and 201703. IMF transactions that are sent from the campus locations during GMF Campus Production Cycles 201701, 201702, 201703, and 201704 will attempt to post to the IMF during ECC-MTB Posting Cycle 201704.

    Most campus processing can continue during the dead cycles. Just as with Accelerated Cycles, the majority of the impact is on Master File processing at ECC-MTB.

    3.30.123.4.9 (01-01-2017)
    IMF Daily Processing

    IMF processing will be daily except on weekends. Some transactions post to IMF on a daily basis as opposed to during the weekly cycle.

    IMF Cycle Date is a daily cycle designated by an eight digit number indicating the year, the two digit cycle number and the two digit number indicating the day of the week (YYYYWWDD). The following values for DD are defined:

    01 = Friday

    02 = Monday

    03 = Tuesday

    04 = Wednesday

    05 = Thursday

    https://www.irs.gov/irm/part3/irm_03-030-123r.html#d0e1449