RefundtalkTransaction Codes (TC) are essential three-digit identifiers used by the IRS to track and manage transactions on taxpayer accounts within the Master File system. These codes play a critical role in accounting controls, ensuring accurate recording of debits, credits, and other actions. Each Transaction Code is integral for posting transactions, generating reports, and identifying specific…
Category Archives: Tax Transcripts
Tax Transcripts Don’t Order Them View Them
Millions of taxpayers are going transcript crazy right now and wasting the IRS time that they could be processing our returns. We all need to slow down if you order your transcripts by mail the IRS says to allow them 5-10 days for processing and delivery. The IRS also has a restriction on the time…
Daily vs. Weekly Account Processing
What is the difference between IRS Daily and Weekly Accounts? The difference is when your tax return is processed, and when updates are made and posted to your account. Daily Accounts: Some transactions post to the Master File on a daily basis as opposed to during the weekly cycle. If your cycle code ends with a…
How to Read an IRS Account Transcript
IRS transcripts are notorious for being extremely complex and very hard to follow. So in many cases, the IRS will tell you that ordering a Tax Transcript can not help you get your refund any faster. This is true in a way because ordering the tax transcript will not speed up the process of getting…
2018 Tax Transcript Cycle Code Chart
Again this year, the IRS Tax Refund Site, Where’s my Refund? is often overloaded. When you e-file, your tax return is usually accepted within 24 hours of filing by the IRS. Then your seemingly endless wait begins for the orange bar to move to approved. We are receiving reports daily from this year’s filers that…
2018 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: 20180903…
Full List of IRS Tax Topics
We have had many people asking what certain tax topics mean. Here is a Full list of all the IRS Tax Topics taxpayers may see on the Where’s my Refund? app or tool. Please find your topic listed below and follow the link to the IRS website for more information. These Tax Topics contain general individual…
2017 Tax Transcript Cycle Code Chart
Again this year, the IRS Tax Refund Site, Where’s my Refund? is often overloaded. When you e-file, your tax return is usually accepted within 24 hours of filing by the IRS. Then your seemingly endless wait begins for the orange bar to move to approved. We are receiving reports daily from this year’s filers that…
Are You Able To Access Your Transcripts?
Please Vote so that we can keep a chart on how many people were able to acces thier Transcripts. Please vote and share this post below to help us determine where we stand at today! How Do I get a copy of my Tax Transcripts? There are 3 easy ways to obtain a copy of…
Tax Transcript Codes
IRS Account Transcripts Transaction Codes Transaction Codes (TC) can be found on your account transcript and 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 must contain a Transaction Code to maintain…
Related Posts