Having lived through SCRS in the early 80's (yes, you can go
grey overnight), I wish them well.

Phil Marti
Topeka, KS

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->

John H. Fisher wrote:

- quote -

Do they convert the 1040EZ data to paper tape first, then
paper tape to punch cards, then punch cards to mag tape and
then print the mag tape data to paper, pink for scanning.

I thought they were talking about cutting crescent moons on
the outhouse doors. But the committee developing this
program retired 10 years ago. I would be ashamed to send out
this release!

--
Frederick E. Jorden http://Tax-Accounting-Payroll.com
7825 Midlothian Tpk - 207 Richmond, VA 23235-5247
EMAIL knowtax[at]bigfoot.com
(804) 320-6210 FAX (804) 320-6211

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->

IR-2004-96, July 21, 2004

NEW TAXPAYER ACCOUNT, PROCESSING SYSTEM DEBUTS

WASHINGTON â€" A modernized system designed to replace the IRS central
database of taxpayer account information has processed its first live
returns, the Internal Revenue Service announced today.

The Customer Account Data Engine (CADE) started processing an initial set
of 1040EZ tax returns in the past week. The returns being processed are
the most basic of 1040EZ forms and have a narrow range of taxpayer
information, but it marks the first time since the 1960s that individual
tax returns have been processed in a new way.

“For the first time in 40 years, the IRS is processing returns and issuing
refunds on a new computer system,� IRS Commissioner Mark W. Everson said.
“We’ve waited a long time for this moment. While long overdue, this is an
important first step in modernizing our return processing technologies. We
still have a long way to go and a lot of work ahead of us.�

CADE will be used to process more than 2 million 1040EZ tax returns during
the 2005 filing season. The CADE system is scheduled to be phased in over
several years, processing increasingly more complex tax returns in stages,
ultimately replacing the 40-year-old system the IRS now uses to process
tax return data.

When fully operational, CADE will be a modern database that will house tax
information for more than 200 million individual and business taxpayers.
It replaces an antiquated system called the Master File. The magnetic
tape-based system came into use four decades ago, takes a week to update
records and creates delays in providing accurate account information for
taxpayers. When completed, CADE will provide a variety of benefits to
taxpayers, such as faster refunds along with daily postings of
transactions and updating of accounts.

-------------------------------------------
Thank you for subscribing to IRS Newswire.

If you have a specific concern about your tax account, call IRS CUSTOMER
SERVICE AT 1-800-829-1040.

---
If you know someone who might want to subscribe to this mailing list,
please forward this message to them and they can send a blank e-mail to
mailto:irs-newswire-subscribe[at]lists.qai.irs.gov in order to
subscribe.

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->