The IRS has changed to a system that posts transactions daily rather than weekly. However, some accounts are still processed weekly. Here are some issues that would make it a weekly account:
1. An ITIN rather than a SSN
2. Foreign Address
3. Campus Address
4. Identity Theft Indicators
5. Prisoner File
6. Related MFT 31 Account (i.e, a joint account has been split due to bankruptcy, Offer-In-Compromise, Installment Agreements for only one party, Innocent Spouse)
7. Criminal Investigation Activity
8. Civil Penalty Account (MFT 55)
9. Tax Module History (two years prior) with Criminal Investigation, Exam or Collection Activity.
A direct deposit should be issued four business days after the tax return posts. Here are examples for a daily account:
Return is accepted on the 17th and posts on the 18th. The DD would be 4 business days later on the 24th.
Return is accepted on the 18th and posts on the 19th. The DD would be 4 business days later on the 25th.
Return is accepted on the 19th and posts on the 20th. The DD would be 4 business days later on the 26th.
The refund cycle chart is based on weekly processing. Here are some examples for accounts subject to weekly processing:
Return is accepted between 11 a,m. on the 18th and 11 a.m on the 25th. It is held for posting until the 26th. DD would be 4 business days later on the 1st.