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That code means you have owed taxes from 2019. The will deduct this amount from your return. It may cause a with your as well.
To all those having trouble reaching a human at the IRS. I just ran across this video that gave me a shortcut to reach a human. Hope it helps! https://youtu.be/wMf29SmRU-I
Hello Ashley:) Yes this is very common right now. There is many mistakes on the Student Loan's and the new payment due dates. Tax Topic 203, is basically warning you that they more than likely will be taking a portion or maybe all of your Tax Return to satisfy any State or Federal agency's debts that you may owe. I would call your Loan Service Provider and see if they can remove that unitl May as that is the agreement that was passed. Once the decides to take that from your Tax Return, you will receive an updated with the Code 898 advising you the has been taken to settle those debts.
To all those having trouble reaching a human at the IRS. I just ran across this video that gave me a shortcut to reach a human. Hope it helps! https://youtu.be/wMf29SmRU-I
The first six numbers are the cycle week and the last two numbers correspond with the day of the week. Example 20220405: 202204=(Cycle) 05=(Thursday) = Thursday, January 27, 2022 Cycle Code Ending in 01= Friday Cycle Code Ending in 02= Monday Cycle Code Ending in 03= Tuesday Cycle Code Ending in 04= Wednesday Cycle Code Ending in 05= Thursday There are 4 daily processing days per week (includes and WMR/IRS2Go updates). So 01= Friday, 02=Monday, 03 = Tuesday, 04 = Wednesday and 05 is Thursday is generally reserved for weekly processing. Everything under 05 is daily updates. Here is a list of a few common codes:ย IRS Code 150 Return Filed & Tax Liability Assessed IRS Code 424 Examination Request Indicator IRS Code 425 Reversed TC 424 IRS Code 766 Generated Refundable Credit Allowance, IRS TOP Offset Reversal w/OTN IRS Code 768 Earned Income Credit IRS Code 826 is a code that mean Overpayment Transferred and the will be used to pay old debts. IRS Code 810 Freeze IRS Code 811 Reverse Freeze IRS Code 846 signals a has been issued and it is time to do a happy dance. IRS Code 971 is a code meaning Miscellaneous Transaction. It usually signals that you will be getting a letter in the mail with more information about your tax return.
To all those having trouble reaching a human at the IRS. I just ran across this video that gave me a shortcut to reach a human. Hope it helps! https://youtu.be/wMf29SmRU-I
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To all those having trouble reaching a human at IRS. I just ran across this video that gave me a shortcut to reach a human. Hope it helps! https://youtu.be/_kiP6q8DX5c
Leilani Gutierrez
Hi Shay, It can mean anything, someone actually had that same message - she called IRS and her routing number or account number was off by 1. If itโs been like that for a week or so I suggest calling and seeing what it is. :) $5 discount for first callers using Claimyr https://join.claimyr.com/be256b
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Tom Maxon
To all those having trouble reaching a human at IRS. I just ran across this video that gave me a shortcut to reach a human. Hope it helps! https://youtu.be/_kiP6q8DX5c
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