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Discussion:Need IRS Refund Process Schedule

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FarmAcct (talk|edits) said:

24 January 2007
I'm new here, but thought my current brain cramp would be a great opportunity to get started. This looks like a great resource for a sole practitioner, and I hope I can provide valuable input as well as glean some information. This morning I realized I didn't get one of the IRS EFile refund process schedules, and I can't find it on the IRS.Gov site - what is it called? In the past I have had a schedule that lists the transmission date, and the date the direct deposit could be expected or the paper check generated..., but I sure cant see it this morning. Any input would be greatly appreciated.

Deback (talk|edits) said:

January 24, 2007
You really don't need one. Just remember the weekly cycle is from Thursday through Wednesday. Direct deposits are made on the 2nd Friday after Wednesday, and checks are mailed out on the 3rd Friday after Wednesday. Once you memorize this, you won't need to waste time looking at a schedule.

Deback (talk|edits) said:

January 24, 2007
2007 Refund Cycle Chart

Deback (talk|edits) said:

January 24, 2007
e-file Logo and Marketing Tools

Deback (talk|edits) said:

January 24, 2007
e-file Library

Death&Taxes (talk|edits) said:

24 January 2007
I think the fancy color version had to be ordered by phone. I believe a mailing was sent out in December with details. I ordered two copies, plus those neat efile stickers to put on the clients' folders if they efiled.

FarmAcct (talk|edits) said:

24 January 2007
Thank you so much! This works great!

PatP3005 (talk|edits) said:

9 March 2007
Has anyone had problems with IRS staying on this schedule? TP just called because today was supposed to be her refund day (according to the chart). She called her bank, they told her they usually rec'd refunds in the morning. She doesn't have hers yet, so I went to "Where's My Refund?" It is saying 3/22. She was efiled on 3/1. Any suggestions?

Sw (talk|edits) said:

March 9, 2007
It has to be accepted by 3/1.

PatP3005 (talk|edits) said:

9 March 2007
I'm sorry, that's what I meant. ProSeries shows it was accepted 3/1.

JR1 (talk|edits) said:

March 9, 2007
Hmmm. Haven't looked at the schedule in a while, but what I memorized is that if it's accepted by Fri. a.m., direct deposit is following Fri. It does slip as the season wears on I've noticed. Or maybe I haven't noted the changes since I memorized it.

JR1 (talk|edits) said:

March 9, 2007
Yes! I was close. OK, so Thurs acceptance, they've moved it up a day.

PatP3005 (talk|edits) said:

9 March 2007
OK, well then, we should be good. The day isn't over yet...

Thanks :)

Sw (talk|edits) said:

March 9, 2007
When was it transmitted? It could show accepted on 3/1 but it could have been after 11:00am not sure what time zone there in.

Jokadah (talk|edits) said:

9 March 2007
Looking at the chart her refund would be direct deposited into her account on 3/16. The tax return has to be accepted by noon on Wednesday for the refund to direct deposit the following week. If return accepted by noon on Wednesday, in CA, the state usually direct deposits on Wednesday of the following week. IRS will direct deposit the following Friday. The mystery to me is why do people pay the ridiculous fees for rapid refund loans when then can have their refunds in a little over a week for $0.

Glmpllc (talk|edits) said:

9 March 2007
The dates are slipping...I efiled one 3/7 and the expected date for direct deposit of the refund is from 3/16 to 3/23

Deback (talk|edits) said:

March 9, 2007
JR - No, it's always been Thursday, before 11 am or Wednesday before midnight for DD on the 2nd Friday after that. I just tell people it has to be efiled by Wednesday evening for direct deposit on the 2nd Friday after.

Jokadah - Accepted by noon on Thursday, I believe, not by noon on Wednesday. I've efiled on Wednesday evenings, and people received their refunds on the 2nd Friday after.

Glmpllc - Efile on 3/7, direct deposit on 3/16.

Glmpllc (talk|edits) said:

9 March 2007
Deback, I agree it should be 3/16/2007. However, the 9235 actually says to expect the refund between 3/16 and 3/23...it gives a range of dates. Return was accepted on 3/7.

Death&Taxes (talk|edits) said:

9 March 2007
I always give the client the 9325 for this very reason. They can look it up. Come to think of it, remember before efiling the calls that would start about six weeks into season from people who had not received their refunds. Some would even think it came to my office.

Sw (talk|edits) said:

March 9, 2007
Your right, I never even notice the range of date. I usually tell client when to expect their refund when they sign the 8879, but some still call.

Jokadah (talk|edits) said:

9 March 2007
My bad, I usually tell clients noon on Wednesday because they are usually a day late and a dollar short. This allows me a buffer, cuz there are some that come to sign the 8879's at 11am Wednesday morning.

Deback (talk|edits) said:

March 9, 2007
Jokadah - If you efile at any time on Wednesday, the direct deposit will be the 2nd Friday after.

I never look at the Forms 9325...except for an hour ago, and my 9325s don't state any date for the direct deposits. Also, I rarely get any calls from clients asking their DD date. Maybe because I tell almost everyone the date to expect their refund when they pick up their copies--or they've learned that it will be between 9 and 16 days.

Death&Taxes (talk|edits) said:

9 March 2007
The 9325 has a range of dates ...on the one I am looking at it gives a week leeway. Looking at one for 2005, it says you should expect to receive your refund by 3/10/06....return was accepted 2/27/06. So something has changed.

Bottom Line (talk|edits) said:

9 March 2007
Mine was direct deposited on a Monday. Of course it's a credit union so they probably delayed posting it in order to get the extra 2 days of float :(

Deback (talk|edits) said:

March 9, 2007
How come 9325s in Jersey have date ranges but they don't in Michigan?

Death&Taxes (talk|edits) said:

9 March 2007
The client is in Los Altos CA; last year's lived in Atlanta. You can't see it on the computer, you have to print it out. I just checked someone living near Harrisburg and they have a one week range. I remember her complaining last year when it was not deposited on the date, and BL's right, her account is a credit union!!!

Bottom Line (talk|edits) said:

9 March 2007
I usually tell people 2-3 weeks. That way they don't call me if there's a delay. I do tell them to let me know if they don't have it in a month.

Glmpllc (talk|edits) said:

9 March 2007
Deback, I'm in MI and my 9325s have dates...always have, this week is the first time they have had a range of dates. I use ProSeries. On edit: the 9325 is updated with dates for direct deposit after the efiled return is accepted.

Deback (talk|edits) said:

March 9, 2007
I just checked the last return that was accepted. There is no date or range of dates on Form 9325--just the following: filed at Kansas City, the date the return was accepted, and the DCN. Using ProSeries Pro. I also just printed the form and see no dates.

Deback (talk|edits) said:

March 9, 2007
Ah! I read your msg again and then saved the file. Now I see the dates. Thanks.

Death&Taxes (talk|edits) said:

9 March 2007
You don't get a 9325 until it is accepted. After I get my report of returns accepted, I open each one, print the 9325 and save the file. If the copy is still here, we slip it on top in the folder; if not we mail it separately without a cover letter.

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