IRS Master File Transaction Codes

0 replies, 1 voice Last updated by  Refundtalk 2 years, 6 months ago
  • Refundtalk
    Keymaster
    @admin
    #2049

    IRS Master File Transaction Codes

    Transaction Codes (TC) consist of three digits. They are used to identify a transaction being processed and to maintain a history of actions posted to a taxpayer’s account on the Master File. Every transaction processed by ADP must contain a Transaction Code to maintain Accounting Controls of debits and credits, to cause the computer at ECC to post the transaction on the Master File, to permit compilation of reports, and to identify the transaction when a transcript is extracted from the Master File. Transaction codes that are unique to IDRS are also included. The definitions of several transaction codes are necessarily changed since there will be no re-sequencing, offsetting, or computer generated interest. In addition, all refunds will be scheduled manually with the refunds posted to the IMF using TC 840.
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