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So i checked my account transcript online and the cycle date shows 20170402 and the date next to that is 02-13-2017 so its safe to assume that is when they will send out my money?
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I have a cycle code of 20170404 with 2/13/17 under it any help
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As you slide down the banister of life, remember the IRS as the sliver in your Ass !!!!!!!!!!!!!!!!!!!!!!!!!!!!
Bahahahaha !!!!!!!!!!!!!!!!!
IF YOU WAIT IT WILL COME !!!!!!!!!!!!!!!!!!!!
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You won’t have a code of 846 until it has been issued. Usually after the money is sent. Your processing date and the date you receive your money are not the same days. You may be done processing the 13th but not scheduled to receive a dd until the 20th.That is just an example of days.
In previous years we could use the cycle date to determine the dd date. But that was before path act and I believe they change the cycle every year. Now the cycle date of 20170402 in previous years would have been Monday Feb. 13th. 20170405 would have been Thursday Feb. 16th.
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Unless you have a code 846 for Refund Issued with a processing date, no you cannot assume your cycle processing date is reflective of when the money will come.
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My transcript has a cycle date of 20170405,but my process date is 2/13/2017. How do I determine which date would most likely be my DDD?
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Well @carrie what about everyone with 20170402, from my experience the cycle week goes by the weeks IRS have been processing. 04, the 4th week of processing 02 for monday the 13th
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Okay, I have an amendment. The first two weeks of the year are “dead cycles” This means to expect your refund in the week you see in your cycle code. So if you see: 20170505, your refund is estimated to arrive the week beginning with 2/13, which is the fifth week of the cycle (that’s what the “05” represents). Sorry about that.
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Updated Cycle Code Note:
If You Are a Weekly the Last Two Digits of the Cycle Code Falls Like This:
05 is Wednesday.
If You Are a Daily the Last Two Digits of the Cycle Code Falls Like This:
01 = Friday02 = Monday
03 = Tuesday
04 = Wednesday
05 = Thursday
Basically, anything outside of Wednesday is daily. However, you will know if you are a weekly if you ONLY update Fridays into Saturdays. I.E., you get updated transcripts on Friday, DDD on Saturday and DD Wednesday (unless you have an awesome card/bank).
Don’t ask me why. The IRS is nutsy-boo-boo. If you can make heads or tails of this, I have a medal all ready for you. *sighs*
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The last two digits of the cycle code represent the day of the week your refund should be expected. If you are a weekly, the cycle codes fall like this: 01 is Thursday, 02 is Friday, 03 is Monday, 04 is Tuesday and 05 is Wednesday. (If your date falls on a Wednesday, you are a “weekly” — see the post entitled “Weeklies” for more information on that subject). This is slightly off from what the IRS says in their manual because the IRS manual is clear as mud. (Note:This date is the equivalent of the Cycle Date in IDRS and reflects the date the transaction is posted by IMF. See Exhibit 3.30.123-2, Enterprise Computing Center – MTB Posting Cycle Calendar.
Example:
IMF daily transactions balanced and released by the campus on Monday, August 7, 2017 will have a posting cycle of 20173203.)The first two digits after the year represent the week your return was processed. For example, the 5th week of tax season (05) would be the 6th week of the year, because the first week of the year is considered a “dead cycle” for tax purposes.
So if someone has a cycle date of 20170503, it would mean your return was processed the week beginning with February 6, and you should have a DD the following week, on a Monday. If your bank releases funds early, it could come early. If they release on-time, it would be on a Monday, if they run late, it could be a few days after the estimated release date.
If you are affected by PATH Act, and you see a processing date of 02/13/17, you are most likely set to get your refunds in the first PATH Act release batch, which begins in the week starting with 02/13/17.
The thing to keep in mind is that normally the IRS releases funds a couple of days before the date they tell you to expect the funds in your account, due to the fact that most financial institutions hold deposits for an average of two days before making the funds available in your account. Some people use various cards and banks that release funds immediately. It is highly likely that those who use those types of services will see the funds before the first projected date of 2/15, if they are in the first batch of PATH Act refunds to be released.
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Can someone please explain how exactly you find a cycle date?
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Im still confused here. Last year my cycle date was 20160505 and I received my refund via DD on 2/10. This year my cycle date is 20170405. Is the cycle number different every year? Or what constitutes as the first cycle?
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So my cycle code is 20170405 and date is 2/13/2017 does that mean it will process on that thursday? If following how it has worked in the past?
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Thts my thoughts on it Mike!! I think you will have urs exactly on the 15th
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This means it posted in the year 2017, the 4th cycle and the day will be 02
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Basing this off pass experience and never failed. But again this pathact, I truly dont know
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@michael
2017 the yr
04 is the 4th cycle week since processing, next week
02 is for the Monday which is the 13th -
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.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
Note:
This date is the equivalent of the Cycle Date in IDRS and reflects the date the transaction is posted by IMF. See Exhibit 3.30.123-2, Enterprise Computing Center – MTB Posting Cycle Calendar.Example:
IMF daily transactions balanced and released by the campus on Monday, August 7, 2017 will have a posting cycle of 20173203.MF Refund Payment Date -The IMF Refund Payment Date will be computed by IMF for both Direct Deposit and Paper Check refunds and will be listed on the refund transaction TC 846 in fields:
“RFND-PAY-DATE” on IMFOL, format MMDDYYYY
“RFND-PYMT-DT” on TXMOD, format YYYYMMDD
IMF computes this field as the posted cycle date PLUS four business days for Direct Deposit refunds; posted cycle date PLUS six business days for Paper Check refunds.
Found on irs.gov this is the link : https://www.irs.gov/irm/part3/irm_03-030-123r.html
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see this is why the whole transcript thing is a joke…look at all this guessing going on and none of you know what is up or what is down…Jesus not being anything but informative but here you got one person saying it means under further review and scaring people and others saying April 5th lord just cool it make sure there are not errors or instructions to call on wmr or letters from the irs in the mail box.
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I ordered my transcripts through the MAIL my return transcript has a cycle code of 20170405 but I do not see a processing date??? I see a received date for April 15th…. Can anyone clarify for me please and thank you. Do the mailed ones look diff from the online ones?
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It doesn’t mean further review.
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If there’s no processing date then there is probably a further review of return.
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@Southerngirl88 I have the same thing. All I can say is wait until the 15th. I doubt any of us would know before that what is going on. I see some people saying they been approved and have a ddd before the Feb 15. It’s BS. If they filed EITC or ACTC they will be waiting just like us.
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No processing date 20170405 cycle date April 15 2017 date received
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Return transcript 20170405 then date April 15,2017 no codes, can someone tell me what this means and when is refund going to be issued??
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how can you trust a fear porn agent like @jon lord in two min i was able to verify that fact as 100% wrong
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@NeedInfo. The IRS can’t recheck something that isn’t there yet. Employers have until the 15th of Feb. to have their filings submitted. IRS can’t check prior to that.
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That guy is just plane wrong im sorry
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Ok lol as long as I’m still in the waiting room and not still standing in line again to be process again thanks
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So they will reprocess my taxes again before the 15 and then I will get another cycle date and code 846 to release the refund?
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@Michael your right …fear porn working here…this is why im posting so much because its my opinion there is either false hope to often at times or this kinda fear porn.
This guy doesn’t know, give me a break use common sense.
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@Jon I agree there systems are so old we would be afraid at the very thought of it that said i dont know about the rechecking aspect because that part is supposed to have happened already that’s what the 15th is for the check and verify and catch fraud that’s it.
There only doing this checking because of an act of congress, lol
Also they send funds though wire its not hard at all just a bunch of 1′ & 0’s and it involves no one because it is a machine that does all that…with the exception of there machines being POS then yeah I agree.
I also agree not everyone will get it on the same day
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That’s just the date limitation for that code cycle. No refund will be issued until you see a Code 846 on your transcript.
By law they have to hold EIC and ACTC until at least February 15th and then, they aren’t going to simply just mass refund. Their systems to have to rerun your return and match it against whats been submitted. If everything matches you’ll get the 846 and a new cycle code and date.
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I hear you with building a pc…right there with you searching out next rig right now but i dont know much about the codes other than i heard 846 thing but again who knows if that is still correct…i say check back after or on the 15th easier to de stress till then
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Yeah u know at least I know they’re working on it. Lol
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i have heard code 846 means your refund is issued
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I dont know how to read the transcripts but some people do and im sure it isn’t to hard…i think there are even you tube videos on it lol but safe to say if there is filled out information it is a good thing..
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@Mike looking at the account transcript I c codes 150, 806,766,768. Cycle 2017/05/05 date 02/20/2017
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@needinfo Ok either date will be good for me how do u read the cycle code date 20170505?
Ty for ur response -
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Yeah I’m thinking those with 2/13 d’s will be first out and those with 2/20 get caught in the holiday with the banks.
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@NonaSC No way in holly hell are you getting on the 20th its a federal holiday, however its possible to get it before on the Friday or after the 20th
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The IRS is in the business of taking more not giving it away lol and your 100% right on that, though i dont want to poo poo other people who say they got a DDD because anything is possible.
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I filed 01/30 accepted 01/31. Had one bar on wmr until today 02/04 got the PATH message. So I went to order my transcript online and was able to order both account and return today. My cycle date says 20170505 and next to it it has the date 02/20/2017. I was thinking that would be the day I receive my refund. No code 846. I have hoh, eic, no aeic . So I’m hoping to get mine on 02/20/17.
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I agree if anyone would get it in the first few days it would be you (early filers) also it is very possible they would send it out the 13th then on the 15th you get it…it makes sense to me.
On the flip side I am just saying this as not to build false hope but 1. were talking about the government here, 2. were talking about the irs here lol.
if it is sent on the 13th your bank should be able to tell you on the 14th around 9am (wire department)
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I agree about carrying about the facts about when the refund will come and what not because its important but in my opinion it is also important to be more concerned with things like are there any errors being generated, are there instructions to call and are you receiving letters from the irs because if not then its a good thing.
I hope you do get your refund on the 15th but I just dont want to pump you with false hope either, that said your asking for people here to guess for you and i dont think that’s a safe spot to be in…keep in mind also Monday is a federal holiday and no banking transactions will occur Sat – Monday
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The purpose of this forum is to share information so if someone is being rude ignore them. Don’t feed into it please.
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I dont know but if your affected by path then it could possible yes but why be so desperate for the money who cares
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