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Does the IRS only count business days?

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Does the IRS only count business days?

Postby mackinley » Mon Sep 10, 2012 4:43 am

To make a long story short... My refund was deposited 2/8/12 to the Santa Barbara Tax who then tried to deposit it into the wrong account... They sent it back to the IRS and for whatever reason it didn't show in the IRS database. 7/11/12 it was finally showing the IRS has it, but a hold has been placed on it so they can "review"what happend. Mind you the correct account and routing number is on the tax refund, but the tried to deposit it into my account from last year for whatever reason. I was told to cal back 60 days from 7/11/12 to get an update on what the hell is going on. Does the IRS only count business days or is weekends included? Has anyone ever gone through this? What happend?
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Does the IRS only count business days?

Postby aghamore » Mon Sep 10, 2012 4:45 am

60 days means 60 calendar days.

Your problem appears to be with SBBT, not the IRS per se. Something in the returned transaction triggered a fraud alert and this is most likely why the refund is being held up.

Normally when a 3rd party processor like SBBT has a problem forwarding funds to your account, they should cut a check and mail it to the address that they have on file, not reject it and return it to the Treasury. Since it was returned several months after it was transmitted to SBBT, something appears wrong with the transaction. Normally rejected deposits are returned to the Treasury within 2 or 3 banking days. If SBBT had rejected it within something close to that timeframe, the IRS would have cut you a paper check sometime in mid to late March or very early April.
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Does the IRS only count business days?

Postby phillip73 » Mon Sep 10, 2012 4:53 am

You're welcome. TFTP.
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Does the IRS only count business days?

Postby erhardt54 » Mon Sep 10, 2012 4:55 am

You're welcome. TFTP.
And of course the 60 day period is only a Guesstimate by them for this purpose and time in your life so some confusion going on at the Santa Barbara Tax system RIGHT for this purpose and time in your life.
And just plan on having a lot of patience while waiting for them to finish with this processing at this time in your life.
Hope that you find the above enclosed information useful. 09/06/2012
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Does the IRS only count business days?

Postby dudley46 » Mon Sep 10, 2012 5:02 am

when they send you notices like you will hear in 45 days or 60 days, that means calendar days and quite often the response is in less time than specified, the 45 or 60 is a general statement that is not to be relied on as finite
when you are ie depositing electronically, a business day is Mon.thru Friday for which the deposit would be recorded
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Does the IRS only count business days?

Postby stedman » Mon Sep 10, 2012 5:05 am

60 days means 60 calendar days. It's only an estimate anyway.
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Does the IRS only count business days?

Postby karcsi53 » Mon Sep 10, 2012 5:08 am

Call now.
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