Irs Refund Status
Q.I too have inquired on the IRS website requesting information on the status of my tax refund, and the message I receive is that my tax return is being delayed with a reference number 1201. The IRS representative on the phone did not understand the reference code and asked that I be patient and my tax refund would eventually be processed and direct deposited to my account of choice described in my electronic return. Does anyone have more insight and information on this matter?
A.March 7th is a Tuesday, which isn't the normal dump date to the bank. Generally the cut-off is every Thursady at noon (?) with the deposits going out a week later (on Fridays generally). Any returns accepted from yesterday afternoon till next Thursday morning will be deposited on March 10th. A reasonable period to clear what ever the problem was. See above, it may be as late as March 10th Adjust your withholdings with your employer so that you don't have to fret over waiting on a refund because it will appear in a larger take home each week. I got back my refund yesterday. Status yesterday showed as scheduled to direct deposit on March 3rd but was already deposited into my account.
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