HOW TO ACCESS YOUR TAX TRANSCRIPTS. TOP TRANSCRIPT CODES, STEP BY STEP INSTRUCTIONS
Вставка
- Опубліковано 28 лип 2024
- On today’s IRS Tax Refund update we’re going to take a look at how to exactly access those IRS tax transcripts which can provide you with more information on your tax refund status then simply checking Where’s my refund status results on the IRS website. From there we break down and decipher what to look for on that tax transcript as well as some of the most frequent codes to appear, and transcript codes that represent there is an issue with your tax return and ultimately tax refund. The first tax transcript code that represents an issue is the 570 code as shown here which indicates additional account action pending, now this means there is a hold on your account preventing the IRS to process. If you encounter this code you are likely to fall into 1 of 2 categories, the first is seeing the 570 and 971 codes with the same date which means the IRS has automatically corrected the issue discovered with your tax return such as a math error, and has cleared your refund for release, or if the two codes have separate dates within a short period of time from each other like seen on this image to the right, it means there is still an issue and that the IRS is sending you out a notice. Now the notice in question could simply state the IRS needs more time to process or it may be a request for specific information they need to continue the processing of your tax return. If you have not received your refund within 7 to 10 days of the date listed next to the 846 code for a direct deposit refund, check your tax transcripts once again and if you see this code the 841 refund cancelled code that means the refund in question was sent to a closed bank account or an invalid bank account often times because the wrong account number was entered on the return. If this is the case the IRS will issue out a paper check within 4 to 6 weeks of receiving it back as rejected along with sending out the CP 53 notice as seen here. The IRS will not resend the direct deposit a second time nor will they send it to another bank account even if you inquire.
0:00 Introduction
0:26 IRS Account
1:18 Accessing Tax Transcripts
2:08 Tax Transcripts
5:21 Cancelled Refunds
6:00 Tax Topic
6:16 Closing
This video is under Fair Use: Copyright Disclaimer under Section 107 of the Copyright Act in 1976, Allowance is made for "Fair Use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright status that might otherwise be infringing.
Disclaimer: This is for informational purposes only and is subject to change. Material provided should not be considered tax, accounting, or legal advice. Please consult a certified tax consultant for tax advice.
#TaxRefund #IRS #News #Taxes #TaxReturn #Tax #Refund #TaxSeason #youtube #video #new #newvideo #breaking news
![4 Ways to Get Back Taxes Forgiveness [IRS Tax Relief] Settle for Less with the IRS](http://i.ytimg.com/vi/7tPXX7iK898/mqdefault.jpg)
![4 Ways to Get Back Taxes Forgiveness [IRS Tax Relief] Settle for Less with the IRS](/img/tr.png)
My return came quick this year. I hope all experience the same
Thank you for the update!
Did you e file? How long did it take to receive?
When did you file?
Wow! that's good when did you file
I filed jan 14 and recieved the state return 01/30 and the federal today 02/06
This was really helpful, thank you! I've never had a delay in receiving a refund until this year. My transcript only has the 150 and 806 codes, and I filed about a month ago. Based on this and other comments, it looks like the IRS is really backed up.
I also appreciate knowing about the cycle code. I'm an 05 so now I know now to only look every week instead of every day.
Thank you very much for these updates 👌🏿😎
Thank you for watching!! It is very much appreciated!
@@UIVlogs2021a couple w2s came in that I wasn’t aware of because I had no idea I would be receiving them from those employers because I was only worked a few weeks with them and left. And I didn’t receive them until after the 30th, so I didn’t file those w2s. Would that delay my refund? Or would I just be able to file the missing w2s after I receive my refund?
Mine's got an 846 and a date for next week! Hallelujah!
That is great news!! Thanks for sharing!! Congrats on the refund.
Thank you this video helped !
Thanks for watching! Make sure to subscribe as we have had many updates since this video.
If any of y'all are having trouble accessing status of refund when checking the where's my refund app like me you need to enter your federal amount to check status. for some reason you can't enter the amount with state. When I filed with turbo tax it showed 11,304 is coming back to us. That is federal and state combined. I entered that amount in the where's my refund tool and it wasn't showing any info. So I followed your instructions and looked at my transcript and it shows a refund of 8,072 that will be deposited by 2/22. I'm assuming they will send federal first and then state because my federal shows 8,072 and 3,232 for state on turbo tax website. Anyway Thank you so much for the updates! I was wondering wth I was doing wrong and had to figure it tf out! Huge thank you!!!!!! Hope this info can help some.
I filed and accepted on 1/31, transcript still says N/A. Always faster in the past.
I received my state refund but haven’t gotten federal and I’m sure it’s because of eitc and ctc but I don’t see 846 on my transcript yet
If you are claiming eitc and ctc you will not see an 846 code appear until mid-February. So not seeing that is perfectly normal at this time.
I filed 3 weeks ago and am in a received status but my transcript still says NA for 2023
The Washington Post had an article about why the IRS doesn’t just use the income information it already has. I couldn’t read it because I didn’t want to pay.
Of course the Washington Post pay wall! Yeah really annoying when that happens. it is ridiculous we don't have the ready return system like the UK, Sweden and others in Europe! They will pull the income information and all the taxpayer has to do is sign off on it. None of this wasting time filling it out and paying other companies to file your taxes.
mine keep saying no tax return filed smh
I SEE ON MY TRANSCRIPT THAT I HAVE A CODE 846 REFUND ISSUED 2-14-24 BUT WHEN I CHECK THE REFUND STATUS I GET A DELAY WITH TOPIC 152. DOES THAT MEAN IT WONT COME ON 2-14-24 JUST CHECKING
Congrats!!! You will receive it on 2-14! Always trust the transcript more than the refund status results.
I got code 846!!! Says 2/22/24 and my refund includes the child tax credit!!
Excellent news! Congrats! Thanks for letting us know.
Mine says the same hopefully we get it
Did you get it?
@@b.p8676 yes. Checked 3:16am and it was in my account
I have codes with 570/971 with the same date(4/01/24) but my 766 credit says it will arrive 4/15/24 so that’s when I will receive my taxes ?
What does this tax return was finalized on January 04 2024 mean
Where are you seeing this?
How much of a direct deposit delay can I expect from an offset I have with a state? I called the state and they said I had a speeding ticket. Even though a letter never went out to me, They said DOR would take the money out and send me the rest of the refund.
On the federal refund theres no offset with my ss# thanks
We generally don't cover state refunds only federal. What state is it? We can look into it and see.
@@UIVlogs2021Wi. Thanks.
I checked "wheres my refund" today and it stated that my return was under review and that I may need to verify my identity. So I followed the prompts to use the tool to verify and it stated that only people that needed to verify would have access to the tool. I accessed the tool but it stated that it could not help me at this time. So would I have to verify my ID or is it simply under review and they haven't made decision yet? I also checked my transcripts and I don't have access to 2023 yet.
At this point seems under review. If you do need to verify your identity the IRS will mail you out a letter usually the 5071c notice which you will need to complete the process. Also keep checking your tax transcripts. If you see a 971 code appear that means a notice is on the way.
@@UIVlogs2021 Thanks, hopefully they don't need to review my identity. I haven't had any changes in the past 10 years. Never had any issues with my returns, so this just seems a little strange to me. I guess I'll have to wait till friday for an update since my last year transcript cycle code ends in 05.
@JCre8ions - Thanks for reaching out again! looks like the ID verification selection is completely random. Doesn't seem to matter if there has been no change in addresses, no prior issues, and regardless of income or filing status. Fortunately, in most cases it will take a few minutes, but it does mean just waiting on that notice from the IRS in the mail. Please keep us posted!
I'm so confused. I just looked at my tax transcript. It gave me code 150 which says tax return filed. Then it says code 806 which says w-2 or 1099 wothholding. Then it says 570 and that's it. But the 570 says a date of 3/4/24. Im not sure if i need to call or just wait. I do not habe a 971 code
@davidgrant2772 - we did discuss the 570 code on our latest episode from 2/19.
I filed through turbotax. First form was rejected. Correct it and filed taxes again. According to turbo tax the irs accepted it back around 2/12. The irs is still saying its still being processed. I tried checking tax codes. The first screen has the file not received and when I click In transcript it said N/A for return transcript. What is taking so long to process? I claimed solar credits and CTC with the notice Standard deduction.
i efiled on 2-12 and it got accepted that day and my transcript still says N/A what do I do?
Thank you for this information. I filed electronically on Jan 29th and expected a refund by now. Last year I received my refund in one week. My transcript shows code 570 but there is no 971. The date for update is 3/4/24. Could this be a delay on the IRS end - ex: too many returns ahead of mine and they only process a certain amount/week?
Thank you for reaching out. Yes some years it is quicker than others. . . . ok so you have a freeze on your return at the moment (570) the IRS is going to see if they can automatically correct the issue or if they will need additional information. In some cases it could be nothing, but the system requires an IRS employee to manually approve it. Either way you will see a 971 code eventually appear as a notice will be sent out about what has happened. I would just double check your tax return line by line make sure all the information from your W-2 or 1099 income matches exactly what is reported on the tax return down to the dollar. Any credits being claimed?
@@UIVlogs2021 No credits but I did have some gambling winnings/losses and perhaps that is what the issue is. I really appreciate your response to my question. I have a much better understanding of the whole process. Thank you very much!!
Thanks! You are actually the second person this year to report a delay who also reported some gambling winnings after receiving that W-2g form. I also think that is the potential cause of the delay, because the IRS computer system sees this "not ordinary income" and is requiring an IRS employee to view it over so that processing can continue.
Do you have tutorials on how to file tax ? With tax slayer
Unfortunately, I do not. That is something I may look into posting. I had used them in previous years, but not this year. Are you encountering issues when trying to file?
@@UIVlogs2021 yeah, can you help with tutorials on how to file with tax slayer
I got a 570 code but not 971 what does this mean i also got a ctc
So a potential issue was discovered with the return or possibly more information is needed. The IRS will try to resolve - expect a 971 code whether they can auto correct or not probably within a week or two.
I got a 971 code saying tax block levy i owe then 1k buy my return is 9k so what dose it mean?
971 they gonna send you a letter and tell you. They gnna take the 1k and give u the rest back
@msmitchell3837 is correct. So, if there are no other issues with your tax return expect to see a refund adjustment with the new refund amount of $8k.
I have codes 150 date 2/19/2021,806 date 4/15/2024,768date 4/15/2024 and 846 date 02/22/2024 does this mean i will get mine on the 22nd or earlier?
Congrats on the refund! Whether or not you get it earlier all depends on your bank. Some will post it earlier, and others do not. Thanks for letting us know!
What is the future date next to the 570 code? Mines shows 3/25/24. I only have the 150, 806 or whatever and the 570.
That is the automatic date the IRS will attempt to resolve the issue by. It is not definite. We discussed 570 codes in depth on past episodes.
I claimed my 3 kids for the first time this year, and the bottom two boxes have 2023 but the top 2 dont yet, it also says delayed on their hot line, maybe they havent gotten to mine yet?
They will, you'll get it, it's your money you fucking wit the IRS your on there time unfortunately, I just now 48 days after being accepted got my verification letter and completed the two part verification process, bullshit but we all will have our day I promise good luck
What is not filed but has 810 freeze bottom left box on transcript top 2 boxes NA
Could be you may have to complete ID verification once the return has entered into the system.
Same here code 810 on irs transcript no return on file
My wmr been on still processing for two week without tax topic. No verify needed. You think I will get an update next week
Hello! Even though you filed early the tax season officially began on 1/29, so most early returns sat unprocessed until at least that date. It will take 1-2 weeks for an update usually, sometimes up to 4. You mentioned WMR, but have you checked your tax transcripts? WMR does not always have the most up to date information. (The 2/4 video we posted had instructions on how to access your transcripts). If you did not claim EIC or ACTC, I would expect that refund within 21 days of January 29th. If you claimed either of those credits then you should expect to receive that refund within 21 days of February 16th.
@@UIVlogs2021 yes I did and my transcript updated on the bottom two boxes not the top two just yet. But my as of date on the transcript did change from 2/12 to 2/19 back to 2/19. So prayerfully next week will have an update
Thanks for the update. Ok the target completion date for your return by the IRS computer system is 2/19. Now that can change - but the key at this point is your return was accepted. So that is the first indicator you want to see.
@@UIVlogs2021 I meant 2/12 so the completion should be 2/12
The target goal for the completion is 2/12, but that is automatically assigned by the IRS computer system and could change. Was yours a simple return? Did you claim any credits?
Can it update on sundays?
No updates on Sundays.
I checked my account today under transcripts it says N/A but I checked account transcript it says No tax Return filled but under it there is a 810 code refund freeze but where is my refund tool says my tax refund has been received and it is processing I filled 02/02/2024 can I get an explanation
Same here any update
What does cycle # ending with 03 means?
It is a daily account so your transcript can update any day of the week vs. ending in 05 which just usually updates once a week. The most common updates coming on Wednesday mornings for those ending in 03.
Hey love, mine also ends with an 03. I’ve done extensive research on UA-cam trying to figure out what the heck it means as well and basically it means that our transcript update every Tuesday.
@@UIVlogs2021 thank you
@@morganking580 thank you I appreciate it
My tax showed one bar and it says Still being processed instead of it is being processed
That is normal. When did you file?
@@UIVlogs2021 I filed last week. Do I have to wait for a letter or what cuz when I login my irs account it says my return need more verification
@@user-kn1wu2ux9j it looks appears so. The tax transcript will show a 971 code when the letter issued. It could be there attempting to verify your income otherwise it would have said ID verification.
@@UIVlogs2021 what and what do I need to verify my income if eventually I got the letter
@@user-kn1wu2ux9j wait and see what the letter is to be sure. But if they want you to verify income - they probably will send you a 12c letter requesting you submit copies of W-2 or 1099 that your reported on your returns.
I filled on Feb 2nd and still haven’t gotten approved neither have the transcripts. Is this normal ?
I filed 2/10 and still nothing
@@MightBSomeoneUKnow I suggest you call the IRS, I called and they said I have to do a verification. Unfortunately I changed address and will not be able to receive my letter.
@hamiltondossantos7655
Hey, thanks for the information. If only I had a number to call and get a live person. I have been at the same address for years, and there is no new information on my taxes. I'm going to try to set up an account tonight and see if my transcript has any codes.
570 account action pending 03-04-2024 768 Earned Income Credit 04-15-2024 and 896 Overpayment Credit offset 03-04-2024 $14.00
Hi, I file on 02/08/24 and it’s said delayed but they received it. I check on where”s my refund. Transcripts said NA, so what’s do all that mean. I’m confused
seems the tax return has not been uploaded for processing. You just hit the 21 day average wait time mark. Check your tax transcripts after 6am tomorrow morning to see if there is an update.
@@UIVlogs2021 thank you
Your tax refund is still being processed. How long would i wait for my refund
Need more specific information to answer the question. When did you file? Are you claiming credits? Simple tax return? etc
Any one know how to check state income taxes? Not federal
I would google your states tax authority.
I have a 570 code and 971 code with same dates
Thanks for letting us know - looks like the IRS was able to address the potential issue.
Did you get a ddd?
Did u get a date?
UNFORTUNATELY NO 🤬 ENDED UP AMENDING MY TAXES BECAUSE THEY WERE REALLY DOING THE MOST! FILED SAME THING EVERY YEAR AND THIS YEAR WHEN ITS MOST NEEDED THEY DECIDED TO SELECT FOR REVIEW. I WILL START PAYING EVERY YEAR RATHER HAVE THEM TAKE IT OUT THROUGHOUT THE YEAR JUST TO HOLD IT! I AMENDED BECAUSE IT WAS A CREDIT I CLAIMED AND GOT TO A POINT JUST HAVE THEM REMOVE IT SO IT CAN STOP TAKING SO LONG
Took me forever to get signed onto the IRS website and get my ID verified. I get there and all it says U/N. Unavailable… I filed on Feb 19th and all I know is they received it. There is no transcripts for 2024. lol 😮
I submitted mine on Feb 1st an mine still says N/a but on the account transcript it shows 2023 than when I click that transcript it says no tax filed ....
I filed on January 29th but it says code 971 on march 4th
Did you recieve a notice on or around March 4th from the IRS? If not does the IRS have your correct address on file?
@@UIVlogs2021 I got code 570 on 2-26 and code 971 on 3-4 I haven't received anything in the mail yet
@@UIVlogs2021 I checked on the irs website and it says Notice CP05. Any idea?
mine was showing 2023. i verified now its saying N/A but i do see the code 810 but no cycle numbers !! help
Mines say we apologize but my return gone be delayed but i still got my bars and tax code 152 what that mean
Please watch todays episode we discussed that.
My code was 570 - action pending 3-13-2023
Thank you for reaching out. - so the IRS has identified a potential issue with the return. They will work on the issue first - expect a notice which will appear as 971.
Thank you!
@@UIVlogs2021I 😢have the same code in addition to code 150 and 806 what does this mean