RefundtalkThe transaction code TC 420 is an Examination of the tax return and is the code that will appear on your tax transcript if your tax return has been referred for further examination or audit. The IRS uses this code TC 420 when a tax return is submitted to the Examination or Appeals Division. TC…
Category Archives: Tax Transcripts
What does transaction code 810 mean on my Account Transcript?
The Transaction Code TC 810 Refund Freeze is a Freeze Code the IRS uses that will hold/stop a refund from being issued until the impact of the action being taken on the account and the refund is determined and processed. We know this can be stressful for you, but there are reasons for it, including…
Tax Transcript Processing Date
The Processing Date represents the date when the IRS expects to have your tax return and tax refund processed. IRS Transcript Processing Date What is a Tax Transcript Processing Date? The processing date is a computer-generated date set by the IRS system. The Processing date is internally set to remind the IRS system to finish…
How to read your Account Transcript
Here’s a breakdown of what everything on your Account Transcripts means. Request and Response Dates The Request date shows the date you requested your transcripts and the response date shows when they actually responded to send your transcripts via mail, fax, or view online (fax and online will always have the same date as the…
Tax Transcript Code 846 – Refund Issued
For many taxpayers eagerly awaiting their refunds, checking a tax transcript can provide early insight into the status of their return. One of the most anticipated codes on a tax transcript is Tax Transcript Code 846, which indicates that the IRS has officially issued a refund. What is Tax Transcript Code 846? Tax Transcript Code…
IRS Cycle Code
Deciphering Your IRS Cycle Code What is an IRS Cycle Code? The IRS cycle code is an eight-digit code that you can find on your online tax account transcript once your tax return has been accepted and posted to the IRS Master File. If you see a cycle code along with transaction code 150 posted…
2023 Tax Transcript Cycle Code Charts
A cycle code is an eight-digit code found on your account transcripts. The cycle code indicates the day your account was posted to the IRS Master File. This date indicates the four digits of the current cycle year, two-digit IRS cycle week, and two-digit processing day of the week. Cycle Code Breakdown Example: 20190604 =…
Tax Transcript Code 806 – W-2 or 1099 Withholding
The IRS transaction code 806 will appear on your tax transcript to show the total amount of federal income tax withheld from your paycheck throughout the year that was reported on forms W-2 and 1099’s. Once your tax return has been accepted by the IRS and added to the IRS Master File for processing. The…
Tax Transcript Code 150 – Tax Return Filed
Once your tax return has been accepted by the IRS and added to the IRS Master File for processing. An IRS transaction code of 150 will appear on your tax return to indicate that your tax liability has been established. What is IRS Transcript Transaction Code 150? If you see IRS transaction code 150 on…
2022 Tax Transcript Cycle Code Charts
A cycle code is an 8 digit code found on your account transcripts. The cycle code indicates the day your account was posted to the IRS Master File. This date indicates the 4 digits of the current cycle year, two-digit IRS cycle week, and two-digit processing day of the week. Cycle Code Breakdown Example: 20190604…
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