


Ask the community...
According to IRS Publication 1345 (Rev. 2-2023), tax preparers who offer Refund Transfer products must provide clients with a method to verify fee payment status. Liberty Tax satisfies this requirement through their MyLiberty portal under Section 7216 compliance guidelines. I successfully verified my fee payment by downloading my Liberty Tax receipt from the Documents section of MyLiberty. The document clearly showed my preparation fees ($189), filing fees ($44.95), and the date payment was processed. Their system is fully compliant with IRS requirements.
I... I'm not sure if I should be impressed or concerned that you know so much about tax preparer regulations. I've been using Liberty for three years and never knew about the Documents section. I always just assumed everything was fine if I got my refund.
For anyone dealing with this issue in the future: always keep copies of your fee agreements. Unlike H&R Block or TurboTax which have transparent fee tracking, Liberty's system is less intuitive. Their customer service improves dramatically after April 15th. If you're filing next year, consider asking about their fee tracking options before choosing them as your preparer. Most importantly, calculate your expected refund amount before fees so you can verify if the correct amount was deducted.
According to the IRS operations page (https://www.irs.gov/newsroom/irs-operations), they're still working through a backlog from previous years while processing current returns. The community consensus is that cycle code 05 returns are updating on Thursdays, but not necessarily every Thursday. If you check the IRS2Go app on Thursday nights between 12am-3am, that's when most people report seeing updates.
This is so true! Last year after my separation (before the divorce was finalized), my return took 59 days exactly. I tracked every detail in a spreadsheet. I had cycle code 05 too, and it updated on the 8th Thursday after filing - no movement for 7 weeks straight, then suddenly processed. The refund hit my account 6 days later. Hang in there!
Did you have to call them at all during that wait? I'm wondering if calling actually helps or just wastes time when the system is already processing.
Warning about these early access options: โข They sometimes show as "pending" then disappear if the IRS flags your return โข Several people in my tax group had funds reversed after 7-10 days โข The terms allow the bank to withdraw funds if IRS reduces your refund โข Some users report credit score impacts if reversals occur โข The processing fee is non-refundable even if it doesn't work I've seen too many cases where people spent the money, then faced unexpected clawbacks. Just be cautious.
FYI for anyone wondering - I've been tracking DDD patterns for the last few tax seasons and there's def a pattern. Most ppl w/ PATH get their $$ about 1-2 wks after the Feb 15 release date if they filed in Jan. The TT early option is basically just the bank fronting u the $$ based on their confidence that ur return is legit. Doesn't actually speed up IRS processing at all. SBTPG (the bank TT uses) just takes the risk for a fee.
This matches what I observed in 2022 and 2023. Last year I documented every step of my refund process - filed on January 24th, PATH held until February 15th, refund appeared exactly 9 days later on February 24th. The year before was almost identical timing. The early access option is essentially a short-term loan against your anticipated refund, similar to the old RALs (Refund Anticipation Loans) but with slightly better terms.
You're absolutely right about the pattern! The PATH Act specifically mandates that the IRS cannot issue refunds before mid-February for returns claiming EITC or ACTC. This is codified in IRC ยง6402(m) as an anti-fraud measure. I'm actually impressed with your tracking - the patterns are remarkably consistent year-to-year despite what feels like delays to individual taxpayers. The bank-fronted advances are simply calculated risks based on historical approval rates.
I'm somewhat skeptical about all these "normal processing time" explanations. While it's possibly true that EIC returns might take longer, in my experience, when WMR gets stuck at the first bar for more than about 21 days, there's usually some kind of issue that might need addressing. It could potentially be something minor like a verification check, but it might also indicate a possible mathematical error or perhaps an income verification problem. Not to cause unnecessary worry, but it might be worth considering calling to check.
According to the IRS.gov website and several tax forums I've been following, Topic 152 is actually a good sign! It just means you're getting a refund and there are tax credits involved. The IRS2Go app shows the same information as WMR but sometimes updates faster. I was panicking too until I learned that with EIC, this delay is completely normal. The PATH Act was specifically created to give the IRS extra time to verify income for credit claims.
Aiden Chen
Ngl, didn't know TT had this option! Is it worth the $$ tho? Seems like you're paying extra just to get ur own money a few days early. Might be better to just file early and wait the normal time? Idk, maybe I'm missing smth here.
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Zoey Bianchi
I received my advance deposit today, but I'm a bit concerned... the amount is correct, but the transaction description shows as "Tax Refund Loan" rather than "IRS Refund." Will this potentially cause issues with my bank or affect anything on my credit report? Should I contact TurboTax about this labeling?
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