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Understanding My Tax Transcript: $5,487 Refund Balance with 570/971 Codes After March 13th Filing

I filed my taxes on March 13th and it was accepted same day. Looking at my transcript and I'm confused about what I'm seeing. Here's what my transcript shows: ACCOUNT BALANCE: -$5,487.00 ACCRUED INTEREST: $0.00 AS OF: Apr. 18, 2023 ACCRUED PENALTY: $0.00 AS OF: Apr. 18, 2023 ACCOUNT BALANCE PLUS ACCRUALS (this is not a payoff amount): -$5,487.00 The information section shows: EXEMPTIONS: 03 FILING STATUS: [blank] ADJUSTED GROSS INCOME: [blank] TAXABLE INCOME: [blank] TAX PER RETURN: [blank] SE TAXABLE INCOME TAXPAYER: $0.00 SE TAXABLE INCOME SPOUSE: $0.00 TOTAL SELF EMPLOYMENT TAX: $0.00 RETURN DUE DATE OR RETURN RECEIVED DATE (WHICHEVER IS LATER): Apr. 15, 20 PROCESSING DATE: Apr. 17, 20 Then I see these TRANSACTIONS: CODE EXPLANATION OF TRANSACTION CYCLE DATE AMOUNT 150 Tax return filed 20231305 04-17-2023 $1 30221-471-14067-3 806 W-2 or 1099 withholding 04-15-2023 -$4,100 766 Credit to your account 04-15-2023 -$1,500 971 Notice issued 04-17-2023 570 Additional account action pending 04-17-2023 There's a 570 code dated 04-17-2023 showing "Additional account action pending" and they also issued a 971 notice on the same date. My transcript shows $0.00 for both accrued interest and penalties as of April 18, 2023. I'm seeing negative numbers by some codes like the 806 code for W-2/1099 withholding dated 04-15-2023 showing -$4,100 and a 766 credit of -$1,500, with a total account balance of -$5,487.00. Does anyone know what these codes mean, especially the 570 code? I'm worried about the "Additional account action pending" and what kind of notice they might have sent (code 971). My transcript shows $0.00 for self-employment tax for both myself and spouse, if that matters.

Emma Davis

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Check ur mail carefully, that 971 means theyre sending u something important

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LunarLegend

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facts šŸ’Æ don't sleep on those IRS notices

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Malik Jackson

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My transcript was stuck on 570 forever until I called them. Turns out they needed to verify my identity. Might be worth giving them a ring if you dont get that notice soon

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good luck getting through to a human tho 🤔

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Malik Jackson

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lmaooo true. took me like 6 tries but worth it when I finally got someone

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Verifying My $11,066 Refund: 2024 Tax Transcript Shows $13,897 Withholding vs $2,831 Tax

Just checked my account transcript for tax period Dec. 31, 2024 and saw Cycle 05 updated. I'm looking at my Internal Revenue Service transcript dated 02-07-2025 (Request Date and Response Date both 02-07-2025). The transcript shows: FORM NUMBER: 1040 TAX PERIOD: Dec. 31, 2024 ACCOUNT BALANCE: $0.00 ACCRUED INTEREST: $0.00 AS OF: Feb. 25, 2025 ACCRUED PENALTY: $0.00 AS OF: Feb. 25, 2025 ACCOUNT BALANCE PLUS ACCRUALS: $0.00 My filing details show: EXEMPTIONS: 06 FILING STATUS: Married Filing Joint ADJUSTED GROSS INCOME: $124,307.00 TAXABLE INCOME: $95,107.00 TAX PER RETURN: $3,831.00 SE TAXABLE INCOME TAXPAYER: $0.00 SE TAXABLE INCOME SPOUSE: $0.00 TOTAL SELF EMPLOYMENT TAX: $0.00 RETURN DUE DATE OR RETURN RECEIVED DATE (WHICHEVER IS LATER): Apr. 15, 2025 PROCESSING DATE: Feb. 25, 2025 TRANSACTIONS: CODE 150 - Tax return filed - CYCLE 20250605 - DATE 02-25-2025 - AMOUNT $3,831.00 CODE 806 - W-2 or 1099 withholding - DATE 04-16-2025 - AMOUNT -$14,897.00 CODE 846 - Refund issued - DATE 02-13-2025 - AMOUNT $11,066.00 Got a TC150 for $3,831.00 and withholding credit (Code 806) of $14,897.00. Shows refund issued (Code 846) of $11,066.00 on 02-13-2025. Can someone help me read this and confirm everything looks right? I noticed the account balance is $0.00 with no accrued interest or penalties as of Feb. 25, 2025. Really nervous about the numbers, especially since the return processing date shows as Feb. 25, 2025. The math seems to work ($14,897.00 withholding minus $3,831.00 tax equals the $11,066.00 refund) but I'd love a second set of eyes on this. No self-employment income showing for either spouse (SE TAXABLE INCOME is $0.00 for both of us). The transcript shows a Tracking Number but I'm not including that for privacy. I'm just concerned if everything looks normal and whether my refund amount calculation is correct.

looks like a straightforward return, no delays or verification needed. ur good to go!

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Amina Sy

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thx! first time filing married joint so was extra nervous

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anyone else notice how much faster processing is this year? IRS must've finally gotten their act together

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dont jinx it lmaooo 🤫

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fr fr the new systems they installed last summer made a huge difference

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When Will My $8,660 EIC Refund Process? PATH Act Delay? HOH with 3 Exemptions, $18,495 AGI, Filed Feb 17 with 04-15-2025 Credit Dates

Just checked my transcripts and I'm showing a refund amount of -$8,660.00 (account balance). My transcript clearly shows at the top "ANY MINUS SIGN SHOWN BELOW SIGNIFIES A CREDIT AMOUNT" and lists my ACCOUNT BALANCE as -$8,660.00. I have ACCRUED INTEREST: $0.00 AS OF: Feb. 17, 2025 and ACCRUED PENALTY: $0.00 AS OF: Feb. 17, 2025. My ACCOUNT BALANCE PLUS ACCRUALS (this is not a payoff amount) is shown as -$8,660.00. I filed Head of Household with 3 exemptions (which is clearly indicated in the INFORMATION FROM THE RETURN OR AS ADJUSTED section where it lists EXEMPTIONS: 03 and FILING STATUS: Head of Household). My AGI was $18,495.00 with $0.00 taxable income (confirmed in transcript showing ADJUSTED GROSS INCOME: $18,495.00 and TAXABLE INCOME: $0.00). The transcript also shows TAX PER RETURN: $0.00, SE TAXABLE INCOME TAXPAYER: $0.00, SE TAXABLE INCOME SPOUSE: $0.00, and TOTAL SELF EMPLOYMENT TAX: $0.00. I'm claiming EIC and looks like I have code 768 for Earned Income Credit (-$6,900) and code 766 for another credit (-$1,700) both dated 04-15-2025. My return was processed on Feb. 17, 2025 with a tax return filed code 150. The transcript shows RETURN DUE DATE OR RETURN RECEIVED DATE (WHICHEVER IS LATER) as Apr. 15, 20 and PROCESSING DATE as Feb. 17, 20. Under the TRANSACTIONS section, I see: CODE 150 - Tax return filed - CYCLE 20250505 - DATE 02-17-2025 76211-417-65653-5 CODE 766 - Credit to your account - DATE 04-15-2025 - AMOUNT -$1,700 CODE 768 - Earned income credit - DATE 04-15-2025 - AMOUNT -$6,900 I'm wondering if I'm stuck on PATH act? Anyone know how to tell from these transcript codes if I'm on PATH? Getting anxious waiting for my refund of $8,660.00. Do the 04-15-2025 dates for both the credit codes (766 and 768) mean I'm subject to PATH and won't get my refund until mid-February at the earliest?

Diego Vargas

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Bruh the IRS system is straight 🤔 Why they gotta make us wait so long when they know we need the $$$

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its to prevent fraud but yeah the wait is killing me too

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StarStrider

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Have you tried calling? Sometimes they can give more info

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been on hold for 2hrs then got hung up on šŸ’€

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StarStrider

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classic irs move lololol

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Keep calling early morning right when they open. Thats how I finally got through after trying for weeks

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Zara Khan

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Somethings seriously wrong with the system this year. Never seen it this bad and ive been doing taxes for 20 years.

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Facts. Their computers running on Windows 95 or something šŸ’€

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Yara Sayegh

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Unfortunately with prior year returns your basically gonna have to wait it out. The IRS is so backed up its not even funny. My 2020 return took 14 months to process no joke

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14 MONTHS?! im about to lose my mind waiting and its only been 2 months šŸ’€

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Paolo Longo

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Check your mail carefully! Sometimes they send letters requesting more info but the WMR/transcript won't show it. Had this happen to me and almost missed it bc it looked like junk mail ngl

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