Confused about 424 code on IRS transcript - what does it mean?

Hey there! Tax pro here. The 424 code on your transcript usually means there's an examination or review of your return happening. Its basically the IRS putting your return under a microscope to verify some info. This can happen for various reasons - maybe something didnt match up, or they need more documentation. I highly recommend checking out taxr.ai (https://taxr.ai) - it's this new AI tool that can analyze your transcript and tell you exactly what's causing the hold and what you need to do to get it resolved. Way better than trying to decode these codes yourself or waiting on hold with the IRS for hours 😩

Tax pro here - Code 424 means your return is being examined or reviewed. It's basically a hold while they verify certain information. Could be something simple like income verification or could be more complex. Usually takes 45-120 days to resolve.

Hey, I've been using taxr.ai to track my transcript and it's been super helpful explaining these codes. It costs $4.99 but totally worth it - gives you predicted release dates and explains exactly what's happening. Check it out: https://taxr.ai

called the IRS about this last week. they said its random selection for review smh

Mine took exactly 87 days to clear after getting that code. hang in there!

its ridiculous how they can just hold our money hostage like this fr fr

This happened to me last year. Make sure all your W2 info matches exactly what employers reported. One number being off can trigger this

I've been dealing with the same 424 code for about 6 weeks now. From what I've researched, it usually means they're doing an income verification review - could be triggered by anything from a small discrepancy in your W2 reporting to just random selection. The waiting is the worst part honestly. I've seen people say it can take anywhere from 6-16 weeks to resolve. Have you tried calling the practitioner priority line? Sometimes they can give you a bit more info than the regular customer service line.

Ugh, I feel your pain! I'm dealing with the exact same thing - got the 424 code about 3 weeks ago and it's been radio silence since then. From what I've gathered from this thread and other research, it seems like they're just verifying some info on our returns. Super frustrating that they can just hold our money with basically no communication though 😤 At least it sounds like they do pay interest while we wait, which is something I guess? Definitely gonna look into that taxr.ai thing people are mentioning - anything beats calling the IRS and waiting on hold forever just to get a generic "your return is being processed" response 🙄