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Can someone look at my transcript and tell me if everything looks good for my self employed return? I just received my Account Transcript from the IRS dated 02-07-2025 and I want to make sure everything checks out. According to the transcript, my AGI shows as $22,895.00 with self employment taxable income of $22,757.00. I'm filing as Head of Household with 4 exemptions, and my taxable income shows as $0.00. My total self employment tax is $3,329.00. Here are the specific transaction codes I'm seeing on my transcript: - Code 150 showing $3,329.00 on 02-24-2025 (cycle 20250605) - Code 766 showing a credit of -$2,909.00 dated 04-15-2025 - Code 768 for earned income credit of -$7,830.00 dated 04-15-2025 The total refund amount showing is -$7,410.00, with no accrued interest or penalties as of Feb. 24, 2025. My return due date is April 15, 2025, and the processing date shows as Feb. 24, 2025. The transcript details include: ACCOUNT BALANCE: -7,410.00 ACCRUED INTEREST: 0.00 AS OF Feb. 24, 2025 ACCRUED PENALTY: 0.00 AS OF Feb. 24, 2025 ACCOUNT BALANCE PLUS ACCRUALS (this is not a payoff amount): -7,410.00 Just want to make sure everything is processing correctly before I get my hopes up about this $7,410 refund. The transcript is from a request dated 02-07-2025 with a response the same day. Does all of this look right, especially with my self-employment income and the earned income credit? This is my first year being fully self-employed and I'm not sure if these numbers make sense together.
Just got word I need to review my 2023 return. Was told I have 180 days from today to wait for a notice, or I can file an amendment before getting any letter. Pretty confused about what to do here. Should I wait it out or just go ahead and amend? Anyone dealt with this before?
I'd pull your transcripts asap. You can get them online at irs.gov if you make an account. That way youll know exactly whats up instead of playing the guessing game
So we're finally past the PATH act hold and deposits are starting to hit accounts. Been seeing people getting their money even before transcripts are updating on WMR. Anyone else refreshing their bank account every 5 mins? Let's see who gets lucky first lol
Filed my taxes on January 22nd and got acceptance on the 23rd. Been checking WMR and transcripts daily but absolutely no movement at all. I know I'm under PATH Act but seriously getting worried now. Anyone else experiencing the same thing with their refund?
Filed my taxes and got accepted on January 27th. I get EITC and im subject to PATH act delays. Been tracking this for years and usually see my refund hit between Feb 21-23. Anyone else in the same situation? Just trying to confirm nothing has changed this year.
Oliver Alexander
Ugh wish my transcript was this clean. Been waiting 6 months with a 570 code ๐คฎ
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Lara Woods
same boat here... verification hell is the worst
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Adrian Hughes
Your self employment tax seems right based on the income. I've been self employed for 10 years - protip: track EVERYTHING for deductions next year!
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Lucas Turner
Authorany app recommendations for tracking? im so bad at keeping receipts ๐ญ
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Adrian Hughes
I use Quickbooks Self Employed. Worth every penny for the peace of mind
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