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Your Tax Return - How the Tax Return Process Works

 

So its nearing April 15th. That dreadful of all days. The Tax Deadline. You know you've gotten a ton on your mind. This is the final thing you want. Well, you are a courageous soul You will have performed this in the past. Many times up to now actually.

 

 

So, with a mighty resolution, you decide to get started on your Tax Return this very weekend. You pack your partner 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 publish office and get all the latest kinds and worksheets and sit down at your desk.

 

 

So painted under in words is a hypothetical situation of what would transpire as you head down the glorious path of making 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 every tax form you know - but you did'nt, so that you had to make 2 trips to get all of the forms you need.

 

Next... You must go through the meticulous process of having to fill one box at a time, make sure your entries are okay, make certain you at least copied down everything from your W2 into your . Because each calculation is connected to the following, each box ties to the next. On the end of this painstaking process you arrive on the closing number - your refund or the tax you owe.

 

Subsequent step - Discover the proper address to mail to. Do you know where to mail your tax return. Well its there, its probably within the instructions to the form. Again scan every word till 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 sure you catch the final snail mail train. Because if it leaves, you're in trouble.. BIG trouble!

 

Well you made it. You rub your fingers with pleasure and pat yourself 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 subsequent series of events that will ultimately get you that coveted refund check!

 

Assuming no postal delays - your tax return will get to the IRS in about 2 enterprise days.

 

Next your little piece of work, your tax return, will enter a queue until its routed to the correct department. lets give his a day for making this arduous journey.

 

Next, It gets picked up to be scanned using sophisticated machines called optical scanners which converts your handwritten tax return into a readable laptop file.

 

Hiccup 1: Should you hand filled your return with pen and paper, if the scanner can not acknowledge your handwriting - then the scanning process will reject - and then it would get put into another queue to be manually processed by a human - lets give four to 5 days for this to happen.

 

Somebody will actually read your tax return and then type the contents manually into a computer. At this point your tax return is now a what is called a raw data file.

 

Now the raw data file will get run by means of an editing program which will confirm the essential details - like did you put in a sound SSN, did you punch in too many zeros in your revenue eg. you wrote $50000 instead of $5000 in a box on the form.

 

If everything is okay, Your return which is now laptop file will then get put into a database alongside with tens of millions of other tax payers. Your tax return will join 1000's of others who e-filed their tax return at this point.

 

From this level on - the process should work like greased lightning.

 

Subsequent a series of pc programs can be run on the database to validate the tax returns. It would compare the data in your file against what your employers filed. So if you happen to incorrectly entered $15200 on your revenue however the employer despatched in $20,000 the process will pull out your tax return for 'particular' processing.

 

Also your tax return gets pulled up in a random audit checks. The most good minds in the IRS must be designing these pc programs to find out which tax return must be pulled up for auditing. Maybe the holy grail of IRS secrets and techniques !

 

For those who pass step 9, and you've got a refund, you will be routed to a program that prints your refund check - give another 1-2 days for this process to complete.

 

For those who elected direct deposit, a pay request can be sent to deposit the money into your bank account (1 day)

 

For those who didn't 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 (2-3 days) of spending time in the USPS, the check ought to get to you - once more by way of snail mail, the identical way you mailed out your tax return.

 

 

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