Home Forums Daily & Weekly Accounts What is the difference between a daily or weekly account?

1 reply, 2 voices Last updated by  Veronika Greenwell 1 year, 10 months ago
  • Refundtalk
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    #2235

    What is the difference between a daily or weekly account?

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    Veronika Greenwell
    Participant
    @veronikag
    #2239

    The difference is when you are processed/when updates are made to your account. The IRS processes some refunds on a weekly basis and some on a daily basis. Daily accounts are processed throughout the week, however, weeklies are only processed on Thursdays.
    Taxpayers who have met 2 or more “disqualifiers” are assigned weekly processing.
    Some examples of disqualifiers are:
    – ITIN Accounts
    – Foreign Addresses
    – Campus Addresses
    – Identity Theft Indicators of Some sort
    – Prisoner File
    – Related MFT 31 Account (e.g., Bankruptcy, Offer-In-Compromise, Installment Agreements, Innocent Spouse)
    – Criminal Investigation Activity
    – Civil Penalty Account (MFT 55)
    – Tax Module History (two years prior) with CI, Exam or Collection Activity
    Account status can change from year to year, however, you are usually weekly for at least 2 years at a time.

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