What does N/A on my tax transcripts mean? When checking your tax transcripts and if you see a N/A in place of the most recently filed tax transcripts. The N/A is letting you know that your transcripts for the current filed tax year are Not Available yet. If you are seeing a N/A when checking…
Tag: processing
The Taxpayer Roadmap
The Taxpayer Roadmap – An Illustration of the Modern United States Tax System The map below illustrates, at a very high level, the stages of a taxpayer’s journey, from getting answers to tax law questions, all the way through audits, appeals, collection, and litigation. It shows the complexity of tax administration, with its connections and…
Daily or Weekly Accounts
IRS Daily and 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: Daily Tax Accounts: Certain individual tax returns undergo daily processing without requiring any additional actions to the taxpayer’s account…
Unpostable Tax Return
Every year, the IRS works a large batch of ”unpostable” tax returns. An Unpostable tax return happens when your tax return is unable to be posted to the master file. An unpostable condition occurs if there is a discrepancy between information on the taxpayer’s account and data on the tax return that prevents IRS from posting…
If your Where’s My Refund? Status Bars Have Disappeared PLEASE READ! One way to determine what is going on with your tax return is to go to the IRS website and request an Account Transcript. The IRS has made the “Get Transcript Tool” available for users to be able to instantly view their transcripts Online…
Congratulations, Wednesday, January 24 marks the First day for movement on some taxpayers accounts in the 2018 tax filing season. Many taxpayers woke up this morning with a change to their refund status. If your refund status updated to this messages this morning. Your tax return has been acknowledged by the IRS. Once your tax…
Congratulations! Accepted means your e-filed tax return has passed the initial inspection (Social Security numbers are correct, dependents haven’t already been claimed, etc.) and the government has your tax return. Consider acceptance as your official government delivery receipt. Turbo Tax Users H&R Block Users Does “accepted” mean my refund is approved? No – accepted means your tax return is now…
When filing tax returns, the second question everyone asks is “How long does it take to get my tax refund back?” Of course, the first question everyone asks is “How much is my refund?” Tax Refund Direct Deposit versus Mail If you want to get your refund faster, opt for the direct deposit route. Not…
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…