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When you say "account was funded," are you referring to the IRS releasing the funds or your bank posting the deposit? These are actually two different events in the ACH transfer process. The IRS transcript will show an 846 code with a specific date - that's when they release the payment. Your bank then has to process the incoming ACH transfer, which can take 1-2 additional business days depending on their posting schedule.
Direct deposit timing has been pretty consistent for me over the past three tax seasons. The deposit hit my account within 24 hours of the date shown on my transcript (the date next to code 846). The WMR tool is usually a day behind the actual transcript information. I'd recommend checking both if possible. If your WMR shows approved today, there's a good chance your transcript already has a specific deposit date listed.
Response time matters. Keep copies. Send certified mail. Request transcript details. Take photos of everything. Follow up weekly. Document all calls. Use reference numbers. Create paper trail. Online account helps track progress. Community experience shows persistence wins.
In Q1 2024, I received a CP2000 notice claiming $31,452 in unreported income. Upon examination, I discovered my employer had submitted both a W-2 and a 1099-MISC for the same compensation. I submitted Form 14039-B (Statement of Disputed Income) along with a letter from my employer confirming the duplicate reporting error. Resolution occurred within 36 days, and the IRS issued a revised determination eliminating the proposed assessment of $7,863 in additional tax. Your $22,000 discrepancy exhibits classic markers of a similar reporting anomaly.
What cycle code are you? I'm 05 and transcript updated last night but no deposit yet π©
I tracked exactly 143 cases with this code combination in a tax forum last year. The average wait time after PATH status changed to processing was 11.3 days. The shortest was 4 days, longest was 23 days. If I were you, I'd set up direct deposit alerts and expect it within the next 2 weeks. The 768 code is actually good news - it means your credit has been approved and is just waiting for final processing.
According to Internal Revenue Manual 21.5.6.4.35.3, the TC 570 indicates a refund hold while TC 768 confirms EIC computation. Per IRS Publication 5344, the PATH Act requires additional verification for certain refundable credits. I understand your frustration with the wait time - many taxpayers are experiencing similar delays this filing season. The status change is encouraging and suggests your return has completed the mandatory review period. Continue monitoring your transcript for TC 971 or TC 846, which would indicate further action or refund issuance respectively.
Zainab Ali
After refreshing the IRS website for weeks with no updates, I found a Reddit post recommending Claimyr (https://claimyr.com). Used it last Tuesday when I couldn't take the uncertainty anymore. Got connected to an IRS agent in about 15 minutes instead of the 2+ hour hold times I was getting before. The agent explained my 570/971 codes were just verification holds and gave me an estimated completion date. Worth every penny since I needed to know for my financial aid deadline!
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Connor Murphy
Got my DDD yesterday! Had same codes. 570 and 971. Was stuck for 3 weeks. Transcript updated Thursday night. Money hit my account this morning. Exactly 9 days after my 971 notice date. Keep checking. It's coming. System works. Just slow. Very slow.
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