As someone who's been through this exact confusion, I completely understand your frustration! The transcript system is like learning a foreign language. Here's what saved me time: focus on the Transaction Codes section and look for these specific numbers in order - 150 (your return was accepted and processed), then 846 (this is the golden ticket - your actual refund date will be right next to this code). If you see 570 or 971, don't panic immediately - these often resolve within a few weeks. The cycle code in the upper right corner tells you which processing batch you're in and when your transcript updates. Since you mentioned business taxes, expect the process to take a bit longer than simple returns, but the transcript codes will give you the most accurate timeline compared to the "Where's My Refund" tool which often gets stuck. Good luck!

Hey Lucas! Welcome to the transcript decoding club - it's definitely overwhelming at first but you'll get the hang of it. Since you mentioned business taxes, here's what to focus on: Look for Transaction Code 846 in the bottom section - that's your refund issue date and it'll show the exact amount. The date next to it is when you can expect the money in your account. If you see Code 150, that means your return was successfully processed. Code 570 might appear if there's a review (common with business returns) but don't panic - it usually resolves. Also check your cycle code in the upper right corner - it tells you which day your transcript updates (helpful for tracking changes). Business returns often take 2-3 weeks longer than simple W-2 returns, so be patient. The transcript is way more reliable than the "Where's My Refund" tool, especially for complex returns like yours!

bruh the IRS is so behind these days... still processing 2021 returns and now messing up 2022 smh

I feel your pain! I've been dealing with a similar 810 freeze since February and it's absolutely maddening. The "RETURN NOT PRESENT" message while knowing you filed is the worst part - makes you question everything. Have you tried requesting a wage and income transcript to see if your W-2/1099 info is showing up correctly in their system? Sometimes the freeze happens when there's a mismatch between what you reported and what employers submitted to the IRS. Also, if you haven't already, try calling the main IRS line (1-800-829-1040) early in the morning around 7am when they open - I've had better luck getting through then. Ask specifically about the 810 freeze and if there's any additional documentation they need from you. Sometimes they can at least tell you what triggered it even if they can't remove it immediately. Hang in there - I know it's frustrating but these do eventually get resolved! 🤞

Protip: call your local taxpayer advocate if it goes beyond 120 days. They can sometimes help speed things up.

I went through something similar last year! CP05 notices can be frustrating but they're actually pretty routine. The Kansas City office tends to be thorough but fair in their reviews. Since your 810 freeze was already removed, this CP05 is likely just their standard verification process for returns that may have triggered certain filters (could be anything from higher than usual withholding to certain tax credits). The good news is that CP05 reviews are usually more straightforward than other types of holds. They're literally just double-checking the three items they mentioned against your W-2s and other tax documents on file. Most of these clear within 6-8 weeks in my experience, though it can take up to the full 120 days during busy periods. Keep that notice handy with all the reference numbers (CP05, 32y-1040, Caller ID 29H) - you'll need them if you have to call. And definitely keep checking your transcripts weekly like others suggested. You'll see movement there before you get any official notice in the mail.

Be careful about state taxes too! The federal capital gains rates get all the attention, but most states also tax capital gains as regular income. I got hit with a surprise state tax bill last year after focusing only on federal.

The good news is that $8,200 in profits isn't a huge amount, so even if you owe taxes, it shouldn't be overwhelming. If these were long-term gains (stocks held over a year), you might qualify for the 0% capital gains rate if your total income is under $47,025 for single filers or $94,050 for married filing jointly in 2024. One thing that hasn't been mentioned yet - make sure you're accounting for any trading fees or commissions you paid when buying and selling. These can be added to your cost basis or subtracted from your proceeds, which reduces your taxable gain. Every little bit helps! Also, if you have any losing positions still in your portfolio, you might consider tax-loss harvesting before the end of the year. You can use capital losses to offset your gains dollar-for-dollar, and if you have more losses than gains, you can deduct up to $3,000 against your ordinary income.

Looks like your getting a decent refund with all those credits! Worth the wait ig 🤑

The 810 freeze code from March is likely because the IRS flagged your return for review before you even filed in April - this can happen when they're cross-referencing data or if there are discrepancies they want to verify. Don't panic about the future dates either, the IRS system sometimes uses projected processing cycles. Your multiple 766 credits from April 16th look substantial, so once that freeze lifts you should see a nice refund. The 960 code for appointed representative is concerning though - if you didn't authorize anyone, you might want to call the IRS to verify no one has fraudulently gained access to your account. That could actually be related to why you have the 810 freeze in the first place. I'd suggest checking your online IRS account to see if there are any letters or notices waiting for you that might explain the review. Sometimes they just need you to verify your identity or provide additional documentation.