Examples of Processing Year in a sentence
A COD Processing Year is a period of time in which institutions are permitted to submit Direct Loan records to the COD System that are re- lated to a given award year.
For Processing Year 2015, the IRS rejected approximately 77,000 fraudulent e-filed tax returns and prevented about 16,000 paper-filed tax returns through the use of these locks as of April 30, 2015.
The IRS conducted a pilot test of the RRP scoring and models during Processing Year 2014 to assess its effectiveness in identifying potential identity-theft tax returns.
We evaluated these controls by interviewing IRS management and select Federal and State Government agency officials, evaluating the data the IRS receives from the prisons for completeness, and analyzing the IRS’s Processing Year 2012 Prisoner File by comparing the file to the Social Security Administration’s data.
For example: • E-filing of amended tax returns - In July 2019, we reported on the impact on tax administration resulting from the IRS’s delay of implementinge-filing of amended returns.50 E-filing would reduce taxpayer burden, result in significant cost savings and reduce the TIGTA estimated $359 million in potentially erroneous tax refunds issued during Processing Year 2017.Management stated that the ability to e-file amended tax returns has been a long-term goal but developing a process is costly.