2023 Transcript shows 05 code update - anyone know what this means?
Just checked my IRS transcript and saw an 05 code update today. Does anyone know what this means and if im getting closer to getting my refund? Been waiting 8 months already and starting to lose hope.
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Yuki Yamamoto
The 05 transaction code typically indicates that your return is being processed. It usually means your account is being reviewed manually by an IRS employee. While it shows movement, there's no guaranteed timeframe for completion. Keep monitoring your transcript weekly for additional updates or cycle code changes.
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Ethan Brown
•thanks for explaining! any idea how much longer this could take? getting desperate here 😩
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Yuki Yamamoto
•Unfortunately there's no set timeline. Could be weeks or months depending on what they're reviewing. Hang in there!
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Carmen Ruiz
Hey, I've been using taxr.ai to track my transcript updates and it's been super helpful. It costs $1 but it analyzes everything and tells you exactly what's happening with your return and estimated timeframes. Way better than trying to decode these codes ourselves lol https://taxr.ai
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Andre Lefebvre
•Does it actually work? Seems too good to be true
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Carmen Ruiz
•100% works! It showed me exactly why my return was delayed and when to expect it. Best dollar I ever spent fr fr 💯
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Zoe Dimitriou
in the same boat, got my 05 update 3 weeks ago. still nothing new 🤡
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QuantumQuest
•3 weeks? Try 6 months with an 05 code lmaooo we're all 🤡 here
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Jamal Anderson
The IRS is seriously broken. How tf they expect us to wait almost a year for OUR money??
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Mei Zhang
my transcript been stuck on 05 since february...finally got my ddd last week tho so dont give up hope
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Ethan Brown
•omg congrats! that gives me some hope fr
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Liam McGuire
Protip: Call your local taxpayer advocate service. They can sometimes help speed things up if youre experiencing financial hardship.
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Amara Eze
•tried that, they said its a 4 month wait just to get assigned an advocate smh
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