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 Accounting Controls of debits and credits, to cause the computer at Enterprise Computing Center 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.
Below are common Transaction Codes frequently found on your Account Transcript
Common Tax Transcript Transaction Codes
TC 150 – tax return was filed – which means the return has started processing and posted to your account.
TC 290 – Additional Tax Assessed
TC 428 – Examination or Appeals Case Transfer
TC 460 – Extension of Time for Filing
TC 480 – Offer in Compromise Pending
TC 494 – Notice of Deficiency
TC 520 – IRS Litigation Instituted
TC 530 – Indicates that an account is currently not collectible
TC 570 – Additional Liability Pending or Credit Hold
TC 571 – Reversal of TC 570 code releases the Freeze
TC 582 – Lien Indicator
TC 766– Credit to your Account
TC 766 – Refundable Credit Allowance or IRS TOP Offset Reversal w/OTN
TC 767– Reduced or removed credit to your account Generated Reversal of Refundable Credit Allowance or Rejected TOP Offset
TC 768 – Earned Income Credit
TC 776 – Interest Credited to your Account
TC 806 – Reflects any credit the taxpayer is given for tax withheld, as shown on the tax return and the taxpayer’s information statements such as Forms W-2 and 1099 attached to the taxpayer’s tax return
TC 810 – Refund Freeze
TC 811 – Refund Release
TC 820 – Refund used to offset prior IRS Debt
TC 836 – Refund you chose to apply for next year’s taxes.
TC 840 – Manual Refund
TC 846 – Refund Issued or approved
TC 898 – Refund used to offset FMS Debt
TC 922 – Review of unreported income
TC 971 – Misc. Transaction
TC 971 – Notice Issued
TC 976 – If a duplicate return is filed, TC 976 is attached to your account to indicate more than one return has been posted. Duplicate filings are a strong indication that identity theft may have occurred, and you should contact the IRS to conduct a further investigation into the issue. Your account will be marked TC 971 when identity theft is suspected either by IRS or by your report to the agency.
TC 977 – Amended Return Filed
Here, you can access a comprehensive list of all IRS Transaction Codes