So its nearing April 15th. That dreadful of all days. The Tax Deadline. You know you might have a ton in your mind. This is the final thing you want. Well, you are a courageous soul You have got executed this within the past. Many times previously actually.
So, with a mighty resolution, you decide to get started in your Tax Return this very weekend. You pack your spouse off to a picnic and roll up your sleeves and get ready. You aren’t afraid of paper, not a bit. You run off to the submit office and get all of the latest kinds and worksheets and sit down at your desk.
So painted under in words is a hypothetical scenario of what would transpire as you head down the glorious path of getting ready your Tax Return.
Scenario 1 : HAND-FILLED, SELF-FILED TAX RETURN
You go to the post office and pick up the paper booklet with the tax form. Now if you’re smart you would have gotten each tax type you know – but you probably did’nt, so you had to make 2 trips to get all the types you need.
Next… You need to go through the meticulous process of getting to fill one box at a time, make sure your entries are okay, make sure you at least copied down everything from your W2 into your . Because each calculation is related to the next, every box ties to the next. At the finish of this painstaking process you arrive on the closing number – your refund or the tax you owe.
Next step – Discover the proper address to mail to. Do you know the place to mail your tax return. Well its there, its probably in the directions to the form. Again scan each word until you get the address. Oh Well Eureka!! You just discovered it.. congratulations. Now put that in an envelope.
Walk to the put up-office make it before midnight on April fifteenth and make certain you catch the last snail mail train. Because if it leaves, you’re in trouble.. BIG trouble!
Well you made it. You rub your arms with pleasure and pat your self on the back. Your Tax RETURN IS FINALLY DONE !! Well you just hit the starter to the engine. You just set in motion for the following series of events that can in the end get you that coveted refund check!
Assuming no postal delays – your tax return will get to the IRS in about 2 enterprise days.
Subsequent your little piece of work, your tax return, will enter a queue till its routed to the right department. lets give his a day for making this arduous journey.
Subsequent, It gets picked up to be scanned using sophisticated machines called optical scanners which converts your handwritten tax return right into a readable laptop file.
Hiccup 1: If you happen to hand crammed your return with pen and paper, if the scanner can not acknowledge your handwriting – then the scanning process will reject – after which it would get put into one other queue to be manually processed by a human – lets give 4 to 5 days for this to happen.
Somebody will truly read your tax return and then type the contents manually right into a computer. At this point your tax return is now a what’s called a raw data file.
Now the raw data file will get run by way of an editing program which will verify the essential details – like did you place in a legitimate SSN, did you punch in too many zeros in your income eg. you wrote $50000 instead of $5000 in a box on the form.
If everything is okay, Your return which is now computer file will then get put into a database alongside with thousands and thousands of other tax payers. Your tax return will join hundreds of others who e-filed their tax return at this point.
From this point on – the process ought to work like greased lightning.
Subsequent a series of laptop programs will likely be run on the database to validate the tax returns. It can examine the data on your file in opposition to what your employers filed. So in case you incorrectly entered $15200 on your earnings however the employer despatched in $20,000 the process will pull out your tax return for ‘special’ processing.
Additionally your tax return gets pulled up in a random audit checks. Probably the most brilliant minds in the IRS must be designing these computer programs to determine which tax return must be pulled up for auditing. Maybe the holy grail of IRS secrets !
In case you pass step 9, and you have a refund, you may be routed to a program that prints your refund check – give one other 1-2 days for this process to complete.
When you elected direct deposit, a pay request will be despatched to deposit the money into your bank account (1 day)
When you did not elect direct deposit, your refund check will go for printing (1 day). Then your refund will go to the mailing department to be despatched to you (1-2days). After about (2-three days) of spending time within the USPS, the check should get to you – again through snail mail, the same way you mailed out your tax return.
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