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What does IRS Form 1040 code mean on transcript? Need help understanding
Just got my transcript and I see Form 1040 all over it. Anyone know what this actually means? First time doing my own taxes and im super confused.
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Filed 1/31 - No Transcript Updates Yet. Anyone else?
Filed my taxes on January 31st and still no transcript updates. Been checking WMR and transcripts daily but nothing is showing up. Starting to get worried since I need this refund. Anyone else file around the same time and still waiting?
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My transcript finally updated this morning! Filed 1/31 too. DDD for 2/28
lucky you! what was ur cycle code?
05 cycle, transcript updated overnight
UPDATE: ID Verify Success - N/A Transcript to DDD 4/18 in 3 days!
I filed early January and had N/A on all transcript sections for months. Got the verification letter last Friday, verified my identity right away, and this morning I woke up to a direct deposit date of 4/18! The wait is finally over.
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Tax Advocate wants 1099-R by Oct 5 - Faxed it but can't confirm receipt
Finally heard from my tax advocate who says my verification is done but I need to submit a 1099-R form. I faxed it right away but now I can't get ahold of anyone to confirm they got it. The fax machine said it went through but im getting nervous about the October 5th deadline.
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When you fax something to the IRS its like throwing it into a black hole istg
this made me laugh but also cry cause its so true 😭
Filed my 2023 taxes today - what's everyone's current wait time for refunds?
Just submitted my return for 2023. Last year was a nightmare that took forever. Anyone else filing now? What kind of wait times are you seeing for refunds to hit your account?
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Here's what I've learned after 5 years working with tax returns: - Simple returns (just W2s) = 1-2 weeks - Returns with credits (EIC/CTC) = 3-6 weeks - Self-employed/complex = 6-8 weeks - If you get code 570/971, use taxr.ai to decode it - Paper returns still taking 6+ months (don't do it!) Best advice: e-file, use direct deposit, and triple check everything before submitting. The IRS systems are actually decent now but one wrong number can send you to manual review hell.
this should be pinned fr fr 📌
Carmen Ruiz
Pro tip: keep copies of your 1040s for at least 3 years. IRS can audit you within that timeframe
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Andre Lefebvre
make that 7 years to be extra safe tbh
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Carmen Ruiz
true dat 💯
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Zoe Alexopoulos
bruh its like they purposely make this stuff confusing fr fr
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Jamal Anderson
ong tax system needs a serious update 😤
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