The following information was extracted from the IRS Publication 1437 dated December 2012: IRS acknowledges each transmission of electronic return data. A return can be acknowledged (ACK) as accepted, even though it has not been through any mathematical verification. There are two types of ACK files: the Transmission ACK File and the Validation ACK File. … Read more
1. The expected date of when the refund will be sent will no longer be given when the return begins to be processed. 2. The refund status will be presented by way of a status bar as follows: RETURN RECEIVED – From the time the return is received until the refund has been approved the … Read more
This is what we have found so far: The refund cycle chart has been eliminated and replaced with an IRS Information Guidelines for the Tax Preparation Community publication. We have said goodbye to the former refund cycle chart in replacement of a standard “21 days” response from the IRS. Remember this? The IRS Refund Cycle Chart was eliminated … Read more
And when does the season begin? It is currently Tax Year 2012. Tax Year 2012 began on January 1, 2013 and you will file for year 2012. Rumor has it that IRS will not issue a refund cycle chart… hmmnn, maybe because of the debacle last year? What about the fiscal cliff? Will that and … Read more
These terms are thrown around when discussing the dates provided by the WMR. HDD was coined as “hard direct deposit” because the language from WMR says something about “your refund will be deposited on XX” and trends tell us that this is usually a firm (hard) date that doesn’t hange and pretty accurate. A DD … Read more