What is the difference between IRS Daily and Weekly Accounts? The difference is when your tax return is processed, and when updates are made and posted to your account. Daily Accounts: Some transactions post to the Master File on a daily basis as opposed to during the weekly cycle. If your cycle code ends with a…
A cycle code is an 8 digit code found on your account transcripts. The cycle code indicates the day your account was posted to the IRS Master File. This date indicates the 4 digits of the current cycle year, two-digit IRS cycle week, and two-digit processing day of the week. Cycle Code Breakdown Example: 20180903…
What does “Your tax return is still being processed” mean? The tax refund status message “your tax return is still being processed” is used by the IRS to inform taxpayers that the IRS is Still Processing their tax return, but the IRS systems may have potentially detected an issue that could possibly delay the tax…
