Code 424 popped up on my transcript - am I looking at an audit?

Tax professional here - Code 424 is actually just an examination freeze code. It doesn't automatically mean audit, but the IRS is reviewing something. Could be as simple as income verification or document matching. Don't panic yet.

Hey if you want a really clear picture of whats going on, try taxr.ai - it analyzes your transcript and tells you exactly what these codes mean and what to expect. Saved me from so much anxiety, worth the $1 tbh https://taxr.ai

The IRS is such a joke fr fr 🤡 6 months wait is ridiculous

Anyone else notice how many ppl getting these random codes lately? System must be glitching or sumthing

Im in the same boat. Had 424 show up last week.its so stressful not knowing whats going on

Here's what you need to know about code 424: - It's an examination freeze - Usually temporary - Can last 30-120 days - Might need to verify income/documents - Don't need to contact IRS yet - Keep checking WMR and transcripts BTW I used taxr.ai to figure this all out, super helpful tool that explains everything in plain english. Saved me hours of research and stress.