Understanding the PATH hold

[Tacks]

Ok, I see a lot of people getting mad about the PATH act and I think you should understand how it works.
In this example, there is 4 types of returns submitted to the IRS
1-Mail in with NO EIC or Children being claimed
2-E-file with NO credits
3-Mail-in With EIC and/or Child(ren) being claimed
4-E-file WITH said credits

Ok, so we are going to focus on the E-files because you can filter all 4 returns into 2 groups
1-Non-PATH (No Claimed Credits)
2-PATHER (Claimed 1 or both credits)
The snail mail return just has an extra step involving data transfer from paper to computer.

BOOM IRS starts Processing returns 1/27
So all returns are coming to one spot, scanned for the credits and leaving in two separate piles. PATH and Non-PATH
Between 1/27 and 2/15 the Non-PATH returns are processed as normal generally reaching the non PATHer before the 21 day mark
In the other pile you got the low-down dirty PATHERS. They are made to hold the PATH return until the 15th. What you don’t know is that it’s still being processed, processed against other returns for matching ssn of dependents claimed as well as other mistakes or fraudulent claims.
As soon as the hold lifts they then start to add the PATH returns to the original “processing” pile.
Then to your pockets.
Your welcome and good luck walking the dreaded PATH

[pikachu]

@tacks

How do you know that’s what they do?

[Scott M]

Yep yep yep. Not to mention there are those of us not on the PATH who have had to wait just as long. WE should be getting ours FIRST.

[$$$]

@TACKS Path act only works if you file early. If we all waited till after the path act we would fuck the path law. Not saying its not a good law, but early filers should be pushed to the front of the processed file on the path lifts. What’s the point of comparing SSN on tax credits if the people who file the week of the path receive dd before people who filed mid Jan . If people waited till after the path act there would of be nothing to compare.

[RayC]

DUNDER, because all we see with the ads on TV is how its time to file early blah blah blah. YOUR RIGHT, its effing pointless.Next year, I will file later. LESSON LEARNED.

[Tacks]

I claim both credits, and stand behind the PATH Act fully. Before it went into effect I was one of those victims. My wife claimed the kids before I did and I was screwed. Long story short, wife left and abandoned the kids and I while she made a new life then claimed the children without my knowledge. If PATH were around then they would have seen it and been able to solve it before paying.

[DunderMifflin]

Thank you. Someone with some sense. I don’t know why people file so early every year then worry themselves to death about it. For the past few years, the IRS has held all returns with EIC credits. It’s not gonna change because you decide to file early. The money is coming. Hold on. You’ve held on for 360 days not thinking about that damn money. 5 more days won’t hurt. STOP FILING EARLY.

[Author]

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