(tr) to draw in (a part or appendage): a snail can retract its horns; to retract the landing gear of an aircraft.
1 Generally tax returns are accepted by the IRS within a day or two of the return having been electronically filed with the IRS. 2  In most cases, the IRS DRT is available within 2-3 weeks after the return has been accepted by the IRS. 3  IRS will process the tax return in June.
IRS E-File â When Will I Get My Tax Refund? How long does it take to process a tax return? The most important factors for tax return processing time are whether you efile or file a paper return. As you might have guessed, e-filing results in a much quicker turnaround time.