According to Internal Revenue Manual section 21.5.6.4.7, there is a specific protocol for return review flagging. The WMR tool often displays cautionary messages based on preliminary screening criteria as outlined in IRM 3.12.37, while transcript updates require completion of the initial review phase. Community consensus based on hundreds of reports this filing season suggests approximately 65% of returns with WMR review messages but clean transcripts ultimately process normally without developing actual hold codes. Continue monitoring both systems weekly, as pursuant to IRM guidelines, true reviews typically manifest in transcripts within 14 days of initial flagging.

I'm dealing with something very similar right now! My WMR updated to the 60-day review message about 10 days ago, but my transcript still shows no hold codes - just my normal credits and withholdings. The "as of" date has updated twice since then, which has me going back and forth between hopeful and worried. Reading through everyone's experiences here is really helpful because it shows this situation can go either way. Some people got their refunds without any actual review happening, while others eventually did get hit with the 570 codes later. I think I'm going to follow the advice about checking my transcript weekly and not panicking unless I actually see freeze codes appear. The waiting is definitely the hardest part though!

Wait wait wait...so I can deduct up to $3k if I lost money on stocks, but if I bet (and lost) the exact same amount on an actual gambling site, I can only deduct if I itemize AND had other gambling winnings? That seems crazy unfair!

This is such a helpful thread! I've been dealing with a similar situation where I made some trades on Robinhood based on election predictions and lost about $800. Reading through everyone's experiences, it's clear that since I was trading actual options contracts through a legitimate brokerage, these will be treated as capital losses on Schedule D rather than gambling losses. What I found particularly useful was the distinction between the "vehicle" used for the transaction versus the underlying reason for making it. Even though my trades were motivated by election predictions, the fact that I used Robinhood to buy legitimate options means the IRS will treat them as investment losses, not gambling losses. For anyone else in this situation, make sure you keep good records of your transactions and wait for your 1099-B from Robinhood. The ability to deduct up to $3,000 of capital losses against ordinary income (plus carry forward any excess) is much more favorable than the gambling loss rules where you can only deduct losses up to your gambling winnings.

mine kept switching between 'accepted' and 'processing' for weeks until i finally got my $$ deposited. these trackers are about as useful as a screen door on a submarine tbh 😂

Ugh yes! Same exact thing happened to me. The H&R Block tracker had me thinking my return was lost in the void or something. One day it would show a progress bar, next day completely blank. Then it would randomly jump to a different status without any explanation. I ended up just ignoring it and checking the IRS site directly - way less stressful even if it's not as fancy looking.

The 60-120 day timeline is frustrating but unfortunately pretty standard for manual reviews. I went through this exact situation in 2023 - filed in early March, got the review notice, and it took 67 days total. What helped me was setting up automated transcript monitoring through the IRS website so I could track any code changes without calling constantly. Also, document everything - dates you called, reference numbers, what agents told you. If it goes past 60 days and you're experiencing financial hardship, that documentation will be crucial for getting Taxpayer Advocate Service involved. The waiting game is brutal, but most reviews I've seen resolve closer to the 45-60 day mark rather than the full 120.

I'm currently going through this exact same situation - filed March 6th and got the dreaded "under review" status when I called yesterday. The agent gave me the same 60-120 day timeline, which honestly feels like forever when you're waiting for your refund. Reading through everyone's experiences here is actually really reassuring though. It sounds like the actual timeframe is usually much shorter than what they initially tell you. I'm going to check my transcript codes like @Keisha Johnson suggested and maybe look into that Claimyr service if I can't get through on my own. Has anyone had success with the IRS2Go app for tracking updates, or is checking transcripts more reliable?

Have you tried checking your online account on the IRS website? You might be able to see the payment there and request a transfer without calling.

This happened to my brother last year! He called the IRS and they were actually pretty understanding about it. The agent told him it's more common than you'd think, especially around tax season when people are rushing to file. They transferred his payment to the correct year within about 2 weeks. Just make sure you have your confirmation number from the original payment handy when you call - it'll speed up the process significantly. Also, consider setting up an online account if you haven't already - it makes tracking these kinds of issues much easier in the future.