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Feb. 14, 11:00 A.M

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    Feb. 14, 11:00 A.M

    "Processing Begins for Delayed Returns Feb. 14, 11:00 A.M.

    The IRS is scheduled to start accepting delayed returns on Monday,
    February 14, 2011. If you are current with your software updates, you
    may begin transmitting affected returns on that day.

    1040 Returns:

    . The IRS is scheduled to start accepting 1040 returns in the 6:00
    P.M. (local time) drain. YOU MAY BEGIN TRANSMITTING 1040 RETURNS AFTER
    11:00 A.M. (LOCAL TIME) ON FEBRUARY 14. It is important that your
    computer clock is accurate because this software update is time
    sensitive and date sensitive in order to conform to the IRS start time
    on February 14.
    "

    #2
    Feb 14

    There will be such a flood of returns hitting the IRS computers at 11:00 A.M. that they may have an electronic heart attack.

    Comment


      #3
      2/14 - D Day

      Taxxcpa - you're right - maybe I ought to hold out another day until the mad rush quiets down.
      Uncle Sam, CPA, EA. ARA, NTPI Fellow

      Comment


        #4
        It is going to take me a half-day just to create all my ELF files on hold anyway. So I will probably send them out on the 15th or 16th. Late on the 16th will get the same scheduled refund date anyway. I cannot find a half day to devote in creating the ELF files. I will work around my appointments over the next 3 days.
        Last edited by BOB W; 02-13-2011, 05:42 PM.
        This post is for discussion purposes only and should be verified with other sources before actual use.

        Many times I post additional info on the post, Click on "message board" for updated content.

        Comment


          #5
          I will be out of town on Monday anyway, and decided to not file before Wednesday, since it does not make a difference for timing of refund anyway.

          Comment


            #6
            Originally posted by Gretel View Post
            decided to not file before Wednesday ... it does not make a difference for timing of refund anyway.
            Unless any rejects to correct -

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              #7
              Posted on software bulletin board

              IRS Return Processing - Week of February 14, 2011
              Situation:

              Late on Friday evening, Intuit learned from the IRS that the Service is limiting the number of returns it accepts daily from all e-file transmitters during February 14-18. They are implementing the flow control in order to manage their systems capacity and ensure successful filings of all returns, including those that were affected by the “Schedule A delays.” As a result, Intuit has a maximum number of returns we can remit to the IRS each day. Therefore, tax professionals who submit returns to Intuit early in the week may not receive acknowledgements from the IRS until later in the week.


              We are working closely with the IRS to process all tax returns as quickly as their systems will allow, but we suggest that tax professionals stagger the number of returns they submit over the course of the week, rather than submit all returns on the first day or two of processing.


              As a result of the IRS staged transmissions over the course of the week of Feb. 14-18, some customers may experience delays in return processing and in the time it takes to receive their refunds. However, we expect that all processing should be back into the standard processing flow by Friday, Feb. 18, and, based on our projections, we believe that the vast majority of Intuit’s professionally prepared returns will be accepted normally throughout the week.


              Helping the IRS manage its systems capacity in the first week of e-filed submissions – in this unusual year of forms delays – is in the interest of achieving a successful season for our tax professionals and their clients. Although we understand getting your clients’ refunds quickly is important, we also know that the IRS is processing returns as rapidly as possible.

              We have provided you with as much information as we currently know from the IRS on the Intuit ProLine News Central blog and in our support web pages. We will keep you informed as we learn more from the IRS.

              Comment


                #8
                Originally posted by Gene V View Post

                stagger the number of returns they submit
                Thank you, Gene V. Was gonna try to transmit in small batches anyway, so now I for sure will.

                Comment

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