Direct Deposits

[Earl]

Just received message that on acceptances after 1/24/12 the direct deposit will be delayed by one week. If refund was shown on IRS refund times was 2/1/12 it will now be 2/8/12. If acceptance on 1/18/12 with anticipated refund date of 1/25/12 then it will now be 2/1/12.

[KBTS]

Where did this information come from? Just curious.

[Earl]

Software provided. Received from IRS. Also using Wheres My Refund the date for these returns is 7 days after the date shown in the IRS anticipated refund schedule.

[Dusty2004]

What software provider?

Software provided. Received from IRS. Also using Wheres My Refund the date for these returns is 7 days after the date shown in the IRS anticipated refund schedule.

What software provider do you use?

[Earl]

Taxslayer Pro

[VT-EA]

Quick alert from the IRS

Subject: Refund Status
January 26, 2012

The IRS has opened its filing season successfully this month, and refunds have started going out to many taxpayers. As with the start of any tax season, there are system validations that occur requiring some fine-tuning of our systems. As part of this, some taxpayers will receive refunds approximately one week later than initial projections they may have received, but these are still in line with historical refund delivery times.

The IRS reminds taxpayers that refund time frames provided by “Where’s My Refund” and tax providers are projected time frames and are subject to revision. Many different factors can affect the timing of the refund after the IRS receives the return for processing. The IRS apologizes for any inconvenience caused by the revised refund dates.

When the IRS announced the opening of the 2012 filing season, it advised taxpayers who electronically file and select direct deposit that they could see their refunds in as few as 10 days and 90 percent of refunds are provided within 21 days. Some taxpayers are getting refunds much faster, but at this time taxpayers should expect refunds to be issued as indicated in the original IRS guidelines.

The one-week delay for some refunds relates to fine-tuning IRS systems to adjust for new safeguards put in place this tax season to provide stronger protection against refund fraud. The IRS is providing additional screening for fraud this year before issuing refunds, but the vast majority of taxpayers can still continue to expect to receive their refunds in a timely fashion.
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[taxea]

Thanks for the info, IRS hasn't sent me an email update of this yet.

[S T]

Update on Refunds-Possible Delays

From an email service subscription - in part

"IRS has warned that tax refunds could be delayed a week due to new anti-fraud safeguards---There appear to be system validations which requir some fine-tuning to adjust for new safeguards put in place this year for stronger protection against tax refund fraud. "

"The Agency has come under heavy criticism for the incresing number of identity theft cases related to tax refunds, and it recently added more stringent measures"

Sandy