$50,345 Tax Refund Stuck for 7 Months - Code 290 Appeared Today with 11/04/2024 Date - What's Next?

Your transcript shows a single tax filer with an AGI of $159,091 and taxable income of $145,241 for tax year 2023. The total tax liability is $15,092, against which you had $65,437 in withholdings, resulting in the claimed refund of $50,345. The timeline of events is significant: - February 23, 2024: Initial refund freeze (810 code) placed before you filed - April 15, 2024: Return received with withholdings posted - April 22, 2024: Return processed (150 code) - June 10, 2024: Account hold (570) and notice issuance (971) - November 4, 2024: Additional tax assessment review completed (290 code with $0.00) The recent 290 code with $0.00 amount is positive news - it indicates the IRS review is complete and they found no additional tax due. Your account balance remains at -$50,345 with no interest or penalties assessed as of November 4th. The zero-dollar 290 code typically signals the end of a review process, suggesting your refund should be released soon barring any other holds.

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in the same boat rn... filed march and just got 290 yesterday. this waiting game is killing me 😫

thats a HUGE refund omg 🤑 hope u get it soon!

The IRS is such a joke fr. Taking half a year to process returns is straight up clown behavior 🤡

Called the IRS yesterday about my 290 code. They said its actually good news - means review is done. Hang in there!

I've been dealing with similar transcript codes and delays - the 290 with $0.00 is definitely a good sign! It means they completed their review and didn't find any additional tax owed. Based on what I've seen in this community, most people get their refunds within 1-3 weeks after the 290 posts. Your November 4th date is likely when the review officially closed. Keep checking your WMR and bank account - that $50k should be coming soon! 🤞

I'm relatively new to understanding IRS transcripts, but from what I've been learning in this community, it sounds like you're in a much better position now with that 290 code appearing! The fact that it shows $0.00 means they didn't assess any additional tax after their review. I know the 7-month wait has been incredibly frustrating, especially with such a substantial refund amount. Have you tried calling the IRS directly to get an estimated timeline? Sometimes they can provide more specific information about when to expect the actual refund deposit. Wishing you the best - hopefully that money hits your account very soon! 🙏

Welcome to the IRS waiting game club! 😅 As someone who's been through a similar situation, that 290 code with $0.00 is definitely what you want to see - it means they've finished their review and found no issues with your return. The November 4th date is likely when they officially closed the examination. With a refund that size, they probably just wanted to make sure everything checked out perfectly. Based on other cases I've seen here, most people get their refunds within 2-3 weeks after the 290 posts. Keep checking your bank account and WMR - you should see movement soon! That's a life-changing amount of money, so I totally get why the wait has been so stressful. Hang in there! 🤞

As a newcomer to this community, I'm amazed at how knowledgeable everyone is about these IRS codes! Reading through all these responses about the 290 code has been incredibly educational. Anna, your situation sounds incredibly stressful but it really does seem like you're finally at the finish line. Seven months is such a long time to wait, especially for that amount of money. I'm curious - have you noticed any changes in your Where's My Refund tool since the 290 code appeared on November 4th? Sometimes WMR updates a few days after the transcript shows movement. Really hoping you get some good news soon! This community seems like such a great resource for navigating these complicated IRS processes. 🤞