Hello,  My transcripts show code 766 with a negative amount and date of 4/15/2022? My initial refund was also reduced by a few thousand due to an error on my form 8812? Anyone have any knowledge?

in the same boat here friend 😩 lost like 3k on my ctc calculation. taxr.ai actually helped me understand exactly wat happened

whats taxr.ai? can it actually help figure out wen ill get my $$$?

yep! it analyzes all your tax docs and gives you a detailed breakdown of your refund status, including expected deposit dates and any hold-ups 💯

just tried it and wow... way better than calling the irs and waiting 4 hours on hold 🤣 it explained everything about my 766 code and even showed me why my refund got adjusted. thx for the rec!

okay fam, i paid for taxr.ai and this is what I got back: Refund Status: Adjusted Original Amount: $5,432 Adjusted Amount: $2,891 Reason: Form 8812 calculation error Expected Deposit: Within 7-10 business days Actually worth every penny fr fr 💅

ngl was skeptical but this actually works? might have to check it out myself 🤔

Here at the bottom

Here’s both pages if it makes it easier for someone to kindly explain what this all means again as my refund was reduced a few thousand due to an error on form 8812

Hi 766 with negative means a credit. In accounting, negative means a credit (money you get it) and other codes + means money taken out by irs. 4/15 date doesn’t mean anything. It’s just a tax due date. I see you already received your refund on 3/16/22.

Thank you Katie, should I reach out to IRS being I haven’t received the remainder of my Child credit due to an error my Tax personnel made when filing?

You’re so welcome.  I can see a full page you posted. Code 150 shows $4,179 which IRS taken out for your past and this year tax due and it could be also other debts you owed. 806 negative shows a credit you get from your withholding income tax 766 negative is a credit. Either child tax credit or stimulus payment mostly or other you claimed. If you have a question about reduced refund, you need to call tax offset, 800-304-3107. If you want to speak with IRS agent, It’s still busy line to get through so use Claimyr to get through. $5 discount link for first time call https://join.claimyr.com/49a083 and choose IRS. IRS Monday thru Fri will be open 7 am to 7 pm

Are you able to tell me what the codes 570 and 572 mean and the dates that are displayed?

570 means a freeze code has been placed on the account that holds the refund from being issued and I saw there was 571 on your transcript says it’s resolved. Adjusted.

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

Hi Angela. 766 is mostly about child tax credit claimed. Negative balance means a credit. 4/15/22 is a tax season due date so it’s no special meaning.

There’s no right time but usually morning seems faster so call IRS today to make sure your refund status.

Yes I would call IRS to make sure everything goes accurate. You can call irs 800-829-1040 or if line is busy, use claimyr. Click to request a call and save $5 with link below. https://join.claimyr.com/49a083 & choose IRS. You will get a call tomorrow morning.