We owed the Irs this year, i mailed my check 3 days ago---they cashed it already.

[AlCzervik]

hard up for money feds? It would appear so.

[classof56]

1. Thanks for the warning. We sent our check today, figured I had some cushion.

Will get the money transferred to my acct tomorrow. Try very hard not to call attention to my existence, but as you said, it appears they're hard up for money so best to cover my tracks with greenbacks!

Happy Tax Day everybody!

Tired Old Cynic

[AlCzervik]

2. no cushion at all, mailed saturday, cashed today, they must have run to the bank with it--bastards.

:D

[hack89]

17. Its called paper-check conversion

common practice in the business world where your check is scanned and electronically debited from your account. Saves the government a ton of money since they don't have to ship checks all over the country.

[El Supremo]

3. I mailed mine on the 5th. It cleared my bank on the 12th. About normal. n/m

[goldcanyonaz]

4. This is the first year that we got a refund, but we did move cross country.

[stevedeshazer]

5. Who says government doesn't work?

I just found out today that our tax return is already in dispute.

[AlCzervik]

9. i wish you luck, we had a tax issue 2 years ago, scared the shit out of me but

we got it resolved and found an excellent accountant.

[stevedeshazer]

14. I'm just some crap truck driver, and Mrs. D works for (gasp!) the Guvmint!

I wish Dick Fn. Cheney would be audited.

[AlCzervik]

15. no kidding but of course that will never happen.

[Olney Blue]

6. Wars cost money.

[ShaneGR]

7. Actually, checks are now considered INSTANT cash credit by the banking industry

This change occured over a year ago. It was approved into law by the congress. Previously a check wouldnt typically "clear" for 2-3 days from deposit. Now, as long as the route and account # are recorded electronically, it will attempt to clear at 12:00 PM that day and will be recorded as deposit or bounce at 12:01 AM by every bank in America who belongs to the federal banking insurance program (All of them). It's the new federal system as of early 2007.

The change took place because there were too many problems with people writing a check for items (that they could afford at the time) and then spending too much over the next 1-2 days so the check written 3 days ago bounced.

[soothsayer]

19. That's only true when they TAKE your money; not when they give it to you.

[alarimer]

20. Somehow that never happens when you deposit a check though

"Your funds will be available in 3-5 business days"

[Mags]

8. Hey, don't worry, next Obama will take care of ya.

[AlCzervik]

11. please--this had nothing to do with Obama or Clinton, keep it gd-p please.

[UTUSN]

10. HaHAH!1 Thanks for the idea. I just "checked" -- it took them UNDER 5 days!1

I'm sure they haven't had time to READ my return!1

[dflprincess]

12. I efiled the first weekend in February

both my Federal and State refunds were in my bank account in 3 business days - so apparently they're processing refunds fairly quickly as well... I'm more impressed that the post office got your return delivered so quickly.

[AlCzervik]

13. i was shocked it was that quick, the feds cashed it right away, the great state

of California who really needs my money still hasn't cashed the check yet.

[NV Whino]

16. Right

Now where's my goddamned stimulus package?

[Buns_of_Fire]

18. The only "float" left is the time it takes the USPS to deliver the mail.

When your check hits THEIR bank (whoever that bank may be), it usually hits YOUR bank (and your account) the same evening -- thanks to ACH (Automated Clearing House) processing. The only saving grace left for those living on the edge is that deposits are usually processed before checks.

But even at that, many banks use KDS (Kiteing Detection System) software to determine if your deposits are invariably made TOO close to when the funds are withdrawn.