Not sure if anyone is interested but I found these websites to be informative.
This site talks about the IRS and different topics (WMR etc)
And this is a FB page about refunds
Saw this on Y! answers thought it looked legit. I think I may be able to shed some light on this matter for everyone. This only applies to the few filers that have already been acknowledged as "Accepted" from the IRS. A friend of mine actually works for the developer of the new Efile system, and has been working with the IRS as an independent contractor for each of the past 4 tax seasons as they h...ave increased the usage of the MeF system. Every year, they have pulled a few hundred tax returns earlier than the initial processing start date to test the system. This gives them a chance to ensure that the system works correctly and can correct any software issues prior to the mass influx of returns on the real processing date. The reason they do this is because the system can become overloaded and crash, similar to a website server crash, and it did in fact crash last year the first day the IRS officially opened processing- delaying some returns by a week. The fixed the system within a day, and everything went smoothly from then on for the most part. So there's a brief history of what they do and why. Now, this year, like previous, they have pulled a couple hundred returns a day beginning this week (a week early) to get a run through, because the MeF will be used exclusively for the first time.
According to my friend, if you've been accepted you have an 80% chance of the return being processed and refund being issued by the system within 3-5 days. The other 20% that don't have typically been flagged by the system and the return needs to be manually gone over to check for fraud or typical errors. Those people can expect a 1 to 3 week delay in their processing. This is why the IRS has not released a refund cycle chart this year, and why they delayed the mass processing until Jan. 30, it gives them a buffer. Previously, people took the cycle chart as the be all, end all when the IRS clearly stated it was not a guarantee of deposit or check dates.
Anyway, with that said, If you've been accepted this week, there is a strong possibility that you will have your refund by next week, before the IRS has even officially opened tax season. I can tell you as well, that most of the returns that were accepted the first day of testing have already been processed and refunds were issued beginning today. Anyone who was accepted by today (Friday, 1/25), could expect to start seeing their refund issued by Wednesday (1/30) even earlier in some cases. Once again, this only applies to the few filers that have already been acknowledged as "Accepted" from the IRS. So, like the IRS I can't guarantee when you'll get your money, but I can tell you that you should feel pretty optimistic (about 80% optimistic) that you'll be seeing your refund quite earlier than you thought if you've already been accepted. The other thing to keep in mind to is that once the IRS has direct deposited your refund to your bank, it's up to your bank when they make that money available. For example, my bank no matter what, makes every direct deposit to my account paycheck, refund or otherwise available at 8 AM the next business day. They could have received the deposit at 8:01 AM on a Friday and it won't be available to me until 8:01 AM on Monday. so just make sure to check with your bank on their policies, which they don't always abide by. My bank claims to release the funds as soon as they receive them; which is a load of crap as I pointed out to you how they make the money available to me.
If you're getting a direct deposit from a 3rd party because you opted to take out the fee to have your returns done by a tax software or professional (i.e. using Turbo Tax and opting to pay via your refund) add another day or 2 to your wait because the irs will deposit the refund to SBTPG (the bank TT uses) and then SBTPG will deposit the refund minus their fees to your bank. And typically banks hold this money longer because it is not coming from a government agency.
Software Developer, Independent Contractor for IRS MeF systems
This posting is starting to look like the other one. Why do people have to start cursing when they don't hear what they want. We all need our refunds. We all want them fast. We all want them now! But the IRS is the only one that has the answers.
I can't even e-file yet because I don't get my W-2 until the 31st. I have to wait until Thursday. At least a lot of people can say their returns were accepted. You are one step closer to your refund. You are one of the lucky ones to get accepted early.
What about the millions of people that still say pending? They are the ones that should be mad. Some people that were accepted e-filed on the 25th and accepted the 26th, bbut there are people who e-filed earlier than that that are still pending. Chill out and relax. Tomorrow is the 30th. Maybe a lot of people will have good news to post.
WEDNESDAY, JANUARY 30, 2013
First, I'll digress for a brief history lesson. The Legacy e-file system was utilized for 26 years, from 1986 until 2012. Drake Software, along with four other companies, worked with the IRS to launch the system back in the mid-80s, and it proved to be an efficient and reliable system. I won't dive too deeply into technical details, but basically, each form sent via the Legacy e-file system became a record in the electronic file, and each piece of data in the record was assigned to a numeric field ID, sequentially sorted from the top of a tax form to the bottom. It was simple, easy to maintain, and effective.
As technology - Web-based technology, in particular - has evolved, new methods for transporting and storing data have emerged. One example is Extended Markup Language (XML). This language has become popular because it is easily read by both humans and machines. The IRS chose to use XML for the new system - what we now call "Modernized e-File," or "MeF." While the Legacy system uses the numeric IDs, XML assigns meaningful names, or tags, to data. For example, adjusted gross income is stored:
- in Legacy as: Sequence : 36000
- in XML as: AdjustedGrossIncomeAmt: 36000
Okay, enough of the history lesson. Let's take a closer look at what you need to know about the new system.
New terms replace "Reject codes"
The term "reject code" will slowly start to fade from our vocabulary and be replaced by the following terms that basically mean the same thing, but are more specific to the manner in which returns are validated in the "MeF World:"
- Business rule violation: Business rules, which are defined by the IRS and state tax agencies, provide one layer of data validation. Most business rules supersede the Legacy "reject codes," and while the wording might be different, the purpose is the same: to improve accuracy before processing the return. As an example, take a look at Business rule F1040-017: "If Form 1040, Line 8a `TaxableInterestAmt' is greater than 1500, then it must be equal to Schedule B (Form 1040), Line 4 `CalculatedTotalTaxableIntAmt.'"
- Schema validation: An XML schema, in a nutshell, helps define parameters for the overall electronic file structure and for each piece of data; therefore, the schema itself serves as an additional layer of data validation. For example, "SSNType" can be applied to all fields that capture a SSN. This simply means that any data put in this type of field must meet specific formatting rules related to parameters, such as field length and characters allowed.
- Parse error: The data in an XML file is read into a useable format by an XML parser. If a piece of transmitted data does not meet the defined schema parameters, it will fail to "parse," thus resulting in a parse error. A parse error is similar to a reject, in that if a return fails to parse for any reason, the return is "rejected" and must be modified and retransmitted. The most common parse errors occur due to missing data or invalid characters, and we have been working aggressively to prevent these errors from occurring. The bottom line is that MeF is much more strict than Legacy.
The other main difference that you will notice is the fact that the new MeF system is transaction-based instead of batch-based. In Legacy, returns were batched up with other returns and transmitted to IRS. The batches were then downloaded by the IRS at specific drain times throughout the day; in recent years, it was three times a day. With MeF, each return is a transaction, and each transaction can occur immediately. While it might seem less efficient to process one return at a time, the systems are set up to handle thousands of transactions simultaneously, and acknowledgements can be processed in seconds instead of hours. However, if the system hiccups for any reason and creates a backlog, it can take some time to recover.
Once the MeF system processes the returns, they are now uploaded to the Customer Account Data Engine (CADE), the new e-file database for tax return data. Most of you know that CADE has been in the works for about a decade, and was first mentioned in 2000 as a part of the IRS Modernization Plan. CADE replaces the antiquated processing system that was first used in 1969. CADE is more flexible and secure than its predecessor, it can interface better with other government systems, and it is much more interactive for use internally at the IRS by customer account representatives, compliance officers, and data analysts. Most importantly to taxpayers, it will increase the speed of refund processing. While the IRS is hesitant to publish anticipated processing times, it is feasible that CADE could allow refunds to be direct deposited within 2-3 days after the return is accepted.
For those of us who have been around this business for a while, it is bittersweet to see the Legacy filing system retired. It wasn't perfect, but it was reliable, predictable, and familiar. And so it begs the question, "Why is the IRS replacing something that wasn't broken?" Well, because at some point, it becomes necessary to "modernize" and take advantage of more efficient and more capable technology. It is time to embrace a new system. Some of you, I'm sure, are contemplating how you might adjust your office procedures, especially if you complete returns during the taxpayers' appointments. If acknowledgements can be processed in a matter of minutes, or seconds, it might make sense to keep the taxpayer in your office until you know the return is accepted. It might save you some time in the long run if you are able to correct a minor reject co..um, I mean "business rule violation," with the taxpayer still in the office, rather than having to follow up later. It might also give the taxpayer peace of mind if he or she can walk out the door knowing the transaction is essentially complete. Of course, the big unknown is whether or not the IRS can process acknowledgements in a few minutes or less during the peak filing season. We will certainly learn more about its capabilities during the next couple months.
What is next?
The IRS has accomplished much of its modernization strategy introduced 13 years ago. But the new processing system is considered just the foundation for a broader vision: a real-time tax system. A real-time system would be designed to validate third-party information on W-2s and 1099s before the return is processed. Rather than dealing with inaccurate reporting after the fact, the issues would be addressed on the front end, leading to a higher percentage of accurately filed returns, less backend auditing, and, it is hoped, less fraud. At this time, there is no timetable established for implementing this vision.
Fact: Last year, Drake transmitted more than 98% of all 1040 federal returns through the MeF system, using the Legacy system only in rare cases.
If your refund is not credited to your account by February 9, 2013, check with your bank to see if it has been received.
For refund information, please continue to check here, or use our free mobile app, IRS2Go. Updates to refund status are made no more than once a day. i filed on the 22 got accepted on the 26
IRS deposit 01/31/2013
$799.00Total Amounts Received:$799.00
Bank Refund Processing Fee:$29.99$ 29.99 TurboTax Fee(s):$29.99
Amounts DisbursedTaxpayerACH direct deposit to go out the next business day 01/31/2013 $739.02
Should have my refund tomorrow YAY!!!!