(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.
Paper returns have to be manually entered into the system, and can remain in the queue for several days (or longer) before they can be processed. Of course, the complexity of your return also affects how long it takes to process your return. How long does it take to get a tax refund?