Need Help Decoding 570/971 Codes on My Transcript - $7,416 Refund on Hold with March 15 Action Date
Filed my taxes for 2023 in January and got accepted, but I'm super confused about my transcript now. It shows I have a 570 and 971 code, both dated March 15th. I really need this money right now to pay some bills. Here's what my transcript shows: Internal Revenue Service United States Department of the Treasury This Product Contains Sensitive Taxpayer Data Account Transcript FORM NUMBER: 1040 ACCOUNT BALANCE: -$8,416.00 ACCRUED INTEREST: $0.00 AS OF: Feb. 11, 2025 ACCRUED PENALTY: $0.00 AS OF: Feb. 11, 2025 ACCOUNT BALANCE PLUS ACCRUALS (this is not a payoff amount): -$8,416.00 ** INFORMATION FROM THE RETURN OR AS ADJUSTED ** EXEMPTIONS: 04 FILING STATUS: Head of Household ADJUSTED GROSS INCOME: $19,695.00 TAXABLE INCOME: $0.00 TAX PER RETURN: $3,843.00 SE TAXABLE INCOME TAXPAYER: $19,578.00 SE TAXABLE INCOME SPOUSE: $0.00 TOTAL SELF EMPLOYMENT TAX: $3,843.00 RETURN DUE DATE OR RETURN RECEIVED DATE (WHICHEVER IS LATER) Apr. 15, 2025 PROCESSING DATE Feb. 18, 2025 TRANSACTIONS CODE EXPLANATION OF TRANSACTION CYCLE DATE AMOUNT 150 Tax return filed 20250503 02-18-2025 $3,843.00 76221-415-08478-5 766 Credit to your account 04-17-2025 -$3,429.00 768 Earned income credit 04-17-2025 -$8,830.00 570 Additional account action pending 03-15-2025 971 Notice issued 03-15-2025 I can't make sense of all these numbers. I see there's an Earned Income Credit of -$8,830.00 and another credit of -$3,429.00, but why am I seeing these 570 and 971 codes? Does anyone know what these codes mean and if I'm still getting my refund soon? The account balance shows -$8,416.00 which I'm assuming is my refund amount, but I don't know when I'll actually get it with these hold codes. Anyone dealt with this before?
12 comments
Yara Assad
Those codes typically mean theres a hold on your account. 570 is a refund freeze and 971 means they sent you a notice. Check your mail, they probably need more info from you.
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Paolo Bianchi
ugh fr? haven't gotten any mail yet. how long does it usually take? 😩
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Yara Assad
Could take 7-10 business days for the notice to arrive. Just keep checking your mailbox
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Olivia Clark
Hey, I've found the best way to actually understand your transcript is with taxr.ai - it's not like trying to decode hieroglyphics yourself lol. It costs $1 but totally worth it. Here's the link: https://taxr.ai
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Javier Morales
Is this legit? Kinda scared to put my info anywhere rn
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Olivia Clark
Yeah its totally secure! It just reads your transcript and tells you exactly whats happening + when you'll likely get paid
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Javier Morales
just tried it - holy cow this actually works! gave me a exact timeline and everything 🙌
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Natasha Petrov
same boat, mine been stuck since feb with those codes smh 🤮
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Connor O'Brien
i waited 8 months last year with those codes. IRS is a joke fr fr
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Amina Diallo
8 MONTHS?! nah fam I cant wait that long ðŸ˜
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GamerGirl99
Listen up - here's what you need to do: First, dont panic. Those codes usually mean verification needed. Could be identity, income, or dependents. The notice will explain exactly what they need. In the meantime, I HIGHLY recommend using taxr.ai to analyze your transcript. It's been a game changer for me and my clients (im a tax prep). It'll tell you exactly what's happening, estimate your refund date, and explain how to fix any issues. Way better than guessing or waiting on hold with IRS for hours. Keep an eye on your transcript for code 571 (freeze released) followed by 846 (refund issued). Those are what you want to see next. Hang in there! 💪
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Paolo Bianchi
omg thank you! this is so helpful!
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