Wondering what the “Processing Date” on your IRS tax transcript means? Here’s a breakdown of what this date indicates, and how it can affect your tax return.
We’ll also provide some tips on how to interpret your tax transcript if you’re not sure what it all means.
what does the processing date on my tax transcript mean
The processing date on your IRS tax transcript is the date that your return was processed by the IRS. This date can be important for a few reasons. First, if you’re trying to track down a refund, the processing date is generally the date that your refund was issued. So, if you’re wondering when you can expect your refund to arrive, checking the processing date on your tax transcript can give you a good idea.
Secondly, the processing date can be important if you’re dealing with an IRS audit. The auditor will generally take a look at the three most recent years of tax returns, and the processing date can help determine which years are being looked at. And finally, the processing date can be helpful if you’re trying to figure out whether or not you need to file an amended return. If your return was processed after the deadline for filing (April 15th), then you may need to file an amended return.
How do you find the processing date on your tax transcript
The processing date is generally listed at the top of the tax transcript, along with your filing status, the type of return that was filed, and the total amount of taxes owed. If you’re unsure of where to find this information on your tax transcript, you can always contact the IRS directly and they’ll be able to help you out.
When is my tax return considered “processed”
Generally speaking, your tax return is considered “processed” once the IRS has received it and it has been accepted. Once your return is accepted, the IRS will begin processing it and will eventually issue a refund (if you’re owed one). The entire process usually takes about six to eight weeks.
How can you get a copy of your tax transcript
If you need a copy of your tax transcript, you can request one from the IRS either online or by mail. Requesting a transcript online is generally the quickest and easiest way to get a copy of your tax return.
To request a transcript online, you’ll need to provide some basic information about yourself, such as your name, Social Security number, date of birth, and address. You’ll also need to have access to a printer so that you can print out the transcript once it’s been generated. If you request a transcript by mail, you’ll need to fill out and send in Form 4506-T. This form requires similar information to what’s needed for an online request, but you’ll also need to provide your signature. Once the IRS receives your form, they’ll process your request and mail you a copy of your tax transcript.
Why might the processing date be different from the actual filing date of your return
There are a few reasons why the processing date on your tax transcript might be different from the actual filing date of your return. First, if you filed an electronic return, it’s possible that your return was transmitted to the IRS before the official filing date. In this case, the processing date would be the date that your return was received by the IRS, not the date that it was filed.
Secondly, if you filed a paper return, it’s possible that your return was postmarked before the official filing date but wasn’t received by the IRS until after the deadline. In this case, the processing date would be the date that your return was received by the IRS, not the date that it was postmarked.
