Given that you have verified your identity with the and they indicated a timeframe of 1-3 weeks for updates, here's a summary and what you should expect next:
Summary of Current Transcript Codes
Code 150 (Tax return filed): Indicates your return has been processed.
Code 276 (Penalty for late payment of tax): A penalty has been assessed for late payment.
Code 196 (Interest charged for late payment): Interest has been charged on the late payment.
Code 971 (Notice issued): A notice has been sent to you explaining the penalties, interest, or other matters related to your return.
What to Expect Next
Notice Explanation: Within the next few weeks, you should receive a notice from the (referenced by Code 971). This notice will provide detailed information about the penalties and interest that have been applied to your account.
Update on WMR: The "Where's My Refund" () tool may not reflect immediate updates due to processing lags. However, after 1-3 weeks post-verification, you should start seeing changes or updates on your refund status.
Receipt of Refund: If everything is in order and there are no further issues, your refund (if applicable after penalties and interest) should be processed and sent to you. Given that you already saw a "Refund issued" code (846) in your previous transcript, it indicates that your refund was calculated and should be on its way.
Recommendations
Check for Notices: Keep an eye on your mail for any correspondence from the IRS. The notice will provide important information about any actions you need to take.
Monitor Tool: Continue to check the tool for updates on your refund status.
Contact if Needed: If you do not receive any updates or the notice within the 1-3 week period, consider reaching out to the again for clarification.
Prepare Documentation: Ensure you have all necessary documentation and records related to your tax return and the verification process in case further action or clarification is needed.
Also, based on the new image you provided, here are the explanations for the codes and transactions on your transcript:
Code 150 (Tax return filed):
Explanation: This indicates that the has received and processed your tax return.
Cycle: 20242105 (processing cycle number).
Date: 06-10-2024.
Amount: $35,886.00 (this is the total amount of tax liability reported on your return).
Code 276 (Penalty for late payment of tax):
Explanation: This indicates that a penalty has been assessed for the late payment of taxes.
Cycle: 20242105.
Date: 06-10-2024.
Amount: $358.86 (this is the penalty amount for the late payment).
Code 196 (Interest charged for late payment):
Explanation: This indicates that interest has been charged on the late payment of taxes.
Cycle: 20242105.
Date: 06-10-2024.
Amount: $441.91 (this is the amount of interest charged for the late payment).
Code 971 (Notice issued):
Explanation: This indicates that the has issued a notice to you. The notice will provide details about the penalty, interest, or other matters related to your tax return.
Date: 06-10-2024.
Amount: $0.00 (this code does not represent a financial transaction but indicates that a notice has been sent).
Summary
Code 150 confirms that your tax return has been processed with a reported tax liability of $35,886.00.
Code 276 and Code 196 indicate that penalties and interest have been assessed for late payment of taxes. These amounts add to your total liability.
Code 971 signifies that a notice has been issued to you, which will explain the penalties and interest in more detail.
Based on the screenshot, you have penalties and interest due to late payment, which will reduce any potential refund. To determine if you will still get a refund, subtract the penalties and interest from your initial or credits. If the remaining amount is positive, you will receive a refund; otherwise, you may owe additional taxes. The upcoming notice will provide the exact details.
I see. If those were the only codes, then hit me up here when you get the notice. Happy to help.
BTW you should look for code 846 "Refund Issued". Since I don't see that, it's likely everything is being held up by the 971 code, which will be explained in a letter the will send you.
Steps to Identify Initial or Credits:
Review Your Filed Form 1040: If you have a copy of your filed Form 1040, you can find the information related to your payments and credits.
Key Sections on Form 1040:
Line 25: Total Federal Income Tax Withheld (sum of all federal tax withheld from your wages, salaries, and other payments as reported on W-2s, 1099s, etc.).
Line 26: Estimated tax payments and amount applied from prior year.
Line 27a: Earned Income Credit (EIC).
Line 28: Additional Child Tax Credit.
Line 29: American Opportunity Credit (education credits).
Line 30: Recovery Rebate Credit.
Line 31: Other payments and refundable credits.
Total Payments and Credits:
Add up the amounts from Lines 25 through 31. This total represents your initial payments and credits before subtracting your tax liability.
Compare with Tax Liability:
Line 24: Total Tax (the amount of tax you owe for the year).
Calculate or Refund:
If your total payments and credits (sum of Lines 25 through 31) exceed your total tax liability (Line 24), the difference is your overpayment.
This is what potentially results in a tax refund after accounting for any adjustments, penalties, or interest.
Example
Here’s a simplified example based on hypothetical numbers:
Line 24 (Total Tax): $35,886.00
Line 25 (Federal Income Tax Withheld): $40,000.00
Line 26 (Estimated Tax Payments): $5,000.00
Line 27a (Earned Income Credit): $1,000.00
Line 28 (Additional Child Tax Credit): $2,000.00
Line 29 (American Opportunity Credit): $500.00
Line 30 (Recovery Rebate Credit): $1,117.00
Line 31 (Other Payments and Refundable Credits): $0.00
Total Payments and Credits
40,000 + 5,000 + 1,000 + 2,000 + 500 + 1,117 = $49,617.00
Calculation
{Total Payments and Credits} - {Total Tax} = $49,617.00 - $35,886.00 = $13,731.00
Conclusion
In this example, the would be $13,731.00. This would be the basis for any refund you might receive, adjusted for any penalties or interest as shown in the transaction codes on your transcript.
By reviewing your Form 1040, you can verify the amounts of federal tax withheld and any refundable credits claimed, which contribute to your initial or credits.
Wait, you mentioned your refund amount was $189,617? That seems unusually high - are you sure that's correct? Most individual tax refunds are much smaller. Could you double-check that number?
If that amount is accurate, you'd need to look at your Form 1040 lines 25-31 as Tom explained to see your total payments and credits. With penalties of $358.86 and interest of $441.91 (totaling $800.77), even if those were deducted from $189,617, you'd still have a substantial refund coming.
But I'd recommend verifying that refund amount first - it might be a typo or you might be looking at a different field on your transcript.
I agree with Raúl - $189,617 is an extremely high refund amount that would be very unusual for an individual tax return. That's nearly $190k!
A few possibilities:
1. You might be looking at your total income/wages instead of your refund amount
2. There could be a decimal point error (maybe it's $1,896.17?)
3. You might be looking at a different line on your transcript
Can you double-check where you're seeing that $189,617 figure? Look specifically for:
- Code 846 (Refund Issued) - this would show your actual refund amount
- Line 35 on your Form 1040 - this shows your refund amount
- Make sure you're not looking at your total income or withholdings
With the penalties and interest you mentioned ($358.86 + $441.91 = $800.77), if your actual refund was much smaller, these could significantly impact or even eliminate your refund entirely.
Could you clarify where you're seeing that $189,617 number?
I have to echo what Raúl and Felix are saying - $189,617 is an extraordinarily high refund amount that would be very rare for an individual return. That's almost $190,000!
Before we can help you calculate whether you'll still get a refund after penalties and interest, we really need to verify this number. Here are some common places people accidentally look that aren't the actual refund amount:
**Common Mix-ups:**
- **Adjusted Gross Income (AGI)** - This is your total income, not your refund
- **Total Income** - Again, this is what you earned, not what you're getting back
- **Federal Income Tax Withheld** - This is what was taken from your paychecks, not your refund
- **Wages from Box 1 of W-2** - This is your income, not refund
**Where to find your ACTUAL refund amount:**
- **Form 1040, Line 35** - This shows your refund amount
- **IRS Transcript Code 846** - Shows "Refund Issued" with the actual amount
- **"Where's My Refund" tool** - Shows your expected refund
Could you please look at your Form 1040 Line 35 or check for Code 846 on your transcript? If you don't see Code 846, that might explain why your refund is delayed - it hasn't been processed for issuance yet.
With penalties of $800.77 total, if your actual refund is much smaller than $189,617, it could significantly impact what you receive.
I completely agree with everyone here - $189,617 is definitely not a typical refund amount! That's nearly $200k which would be extremely unusual.
Travis, can you help us out by checking exactly where you're seeing that number? Here's what I'd recommend:
1. **Look at your actual tax return (Form 1040)** - Check Line 35, which should show your refund amount
2. **Check your transcript again** - Look specifically for Code 846 ("Refund Issued") - if you don't see this code, that could explain the delay
3. **Double-check the "Where's My Refund" tool** on the website
You might be looking at:
- Your total wages (Box 1 from W-2)
- Your Adjusted Gross Income
- Total tax withheld from your paychecks
- Some other income figure
Once we know your actual refund amount, we can easily calculate if you'll still get money back after the $358.86 penalty and $441.91 interest (total of $800.77 in reductions).
Can you take another look and let us know what Line 35 of your Form 1040 says, or if you see Code 846 anywhere on your transcript?
Hey Travis! I'm jumping in here because everyone's raised a really important point about that $189,617 figure - that's definitely not a typical refund amount for most people.
I think what might help is if you could share a screenshot of the specific line where you're seeing that number. Sometimes the transcripts and forms can be confusing with all the different dollar amounts.
Here's a quick way to double-check:
- On your Form 1040, look at **Line 35** - that's your actual refund
- If you filed electronically, your tax software should have given you a summary showing your expected refund
- On your transcript, look for **Code 846** - that would show "Refund Issued" with the actual amount
The good news is that once we figure out your real refund amount, the math is pretty straightforward. You'd subtract the penalty ($358.86) and interest ($441.91) from your refund to see what you'll actually receive.
Could you check Line 35 on your return and let us know what that says? That should clear up any confusion!
I'm also curious about that $189,617 figure - that would be an incredibly large refund! Just to add to what everyone else has mentioned, here are a few other places you might be accidentally looking:
**Other common sources of confusion:**
- **Total payments made** (sum of withholdings + estimated payments)
- **Gross income from multiple jobs/sources**
- **Balance due before credits** on transcript
- **Previous year's income** if looking at wrong year
The easiest way to confirm your actual refund amount is to look at the tax return you filed. If you used tax software (TurboTax, H&R Block, etc.), it should have shown you a clear "Your Refund" amount before you submitted.
Given that you have Code 971 (Notice Issued) but no Code 846 (Refund Issued) on your transcript, it seems like the is holding your refund pending that notice they're sending you. The penalties and interest ($800.77 total) will definitely be deducted from whatever your actual refund amount is.
Can you check your original tax return or tax software summary to confirm the refund amount? Once we have the right number, we can give you a much clearer picture of what to expect!
Travis, I think everyone here is trying to help you get to the bottom of this! That $189,617 figure is definitely raising some red flags since it's such an unusually large refund amount.
Here's what I'd suggest to clear this up quickly:
1. **Find your original tax return** - Look for Form 1040, Line 35 (that's your refund line)
2. **Check your tax software confirmation** - If you filed online, there should have been a summary screen showing your refund
3. **Look at "Where's My Refund"** - Go to irs.gov and use their tool with your SSN, filing status, and refund amount
The fact that you have Code 971 (Notice Issued) but no Code 846 (Refund Issued) suggests the is holding your refund until they send you that notice explaining the penalties and interest.
Once we know your actual refund amount, the math is simple:
- Your refund amount - $358.86 (penalty) - $441.91 (interest) = what you'll actually receive
Could you double-check Line 35 on your Form 1040 and let us know what that says? That should solve this mystery pretty quickly!
Travis, I'm also concerned about that $189,617 figure - that would be an extraordinarily high refund! I think there might be some confusion about which number you're looking at.
To help clarify, could you tell us:
1. Did you have a lot of federal taxes withheld from your paychecks this year?
2. Did you make large estimated tax payments?
3. Do you have multiple W-2s or 1099s with significant withholdings?
Sometimes people confuse their total withholdings (what was taken from paychecks all year) with their actual refund amount. Your refund is only the amount you get back AFTER your tax liability is subtracted from your total payments.
The quickest way to verify: look at your Form 1040 Line 35, or if you used tax software, check your filing confirmation email - it should clearly state "Your federal refund: $____"
With Code 971 on your transcript, the is definitely sending you a notice about those penalties and interest totaling $800.77. Once we know your real refund amount, we can tell you exactly what to expect!
Travis, I think everyone here is spot-on about that $189,617 figure needing clarification. That's almost $190,000 which would be extremely unusual for an individual tax refund.
Here's a simple way to verify your actual refund amount:
**Quick Check:**
1. Look at your Form 1040, Line 35 - this is your actual refund
2. If you filed electronically, check your confirmation email from your tax software
3. Use the "Where's My Refund" tool at irs.gov
**Most likely explanations for the $189,617:**
- Total wages from all your W-2s combined
- Your Adjusted Gross Income (AGI)
- Total federal tax withheld throughout the year
- Some other income figure on your transcript
The key thing is that your refund = (Total payments + credits) - (Tax owed). So even if you had $189,617 in total withholdings, your actual refund would be much less after subtracting your tax liability.
With the penalties and interest totaling $800.77, once we know your real refund amount, we can easily calculate what you'll actually receive. The notice (Code 971) will explain everything in detail.
Can you check Line 35 on your Form 1040 and share that number instead?
Hey Travis! I'm also jumping in here because everyone's absolutely right - $189,617 is an incredibly high refund amount that would be very unusual.
I think what might be happening is you're looking at your total income or total withholdings instead of your actual refund amount. Here's the easiest way to find your real refund:
**Check these specific places:**
- Form 1040, Line 35 - this shows your actual refund amount
- Your tax software's final summary screen (if you filed online)
- The "Where's My Refund" tool at irs.gov
**You might be accidentally looking at:**
- Your total wages/salary for the year
- Total federal taxes withheld from all paychecks
- Your Adjusted Gross Income (AGI)
- Some other large dollar figure on your transcript
Once we know your actual refund amount from Line 35, we can easily calculate what you'll receive after the penalty ($358.86) and interest ($441.91) are deducted - that's $800.77 total coming out of your refund.
The Code 971 on your transcript means the is sending you a notice explaining these charges. Can you double-check Line 35 on your Form 1040 and let us know what that actually says?
Travis, I'm also curious about that $189,617 figure - everyone here is right to question it because that's an unusually large refund amount.
Let me add one more possibility to what others have mentioned: Are you perhaps looking at business income or self-employment income? Sometimes people with multiple income sources or business returns can get confused about which numbers they're looking at.
Here's what I'd recommend:
1. **Find your Form 1040** and look specifically at **Line 35** - this is your actual refund
2. **If you used a tax preparer**, call them and ask what your refund amount was
3. **Check your bank account** - if you had direct deposit set up, you might have already received a partial refund
The math everyone's mentioning is correct: whatever your actual refund is, you'll have $800.77 deducted ($358.86 penalty + $441.91 interest) based on the codes shown on your transcript.
Since you have Code 971 (Notice Issued) but no Code 846 (Refund Issued), the is likely holding your refund until they send you that explanatory notice.
Could you check Line 35 on your tax return and get back to us? That'll clear up all the confusion!
Travis, I think everyone here is absolutely right to question that $189,617 figure - that would be an incredibly unusual refund amount for most individual taxpayers!
I'd suggest taking a step back and looking at this systematically:
**Most likely sources of confusion:**
- You might be looking at your **total wages** from Box 1 of your W-2(s)
- Could be your **total tax withholdings** for the entire year
- Might be your **Adjusted Gross Income (AGI)** from Line 11 of Form 1040
- Could be looking at a business income figure if you have self-employment
**To find your ACTUAL refund amount:**
1. Look at **Form 1040, Line 35** - this is your actual refund amount
2. Check any confirmation email from tax software you used
3. Look for **Code 846** on your transcript (you mentioned you don't see this, which explains the delay)
**Quick reality check:** Most individual refunds are in the hundreds to low thousands. A $189k refund would require either massive of estimated taxes or very unusual circumstances.
Once you find your real refund amount from Line 35, we can easily calculate what you'll actually receive after the $800.77 in penalties and interest are deducted. The notice (Code 971) will explain these charges in detail.
Can you please check Line 35 on your Form 1040 and share that number? That should solve this mystery!
Travis, I think everyone here has made excellent points about that $189,617 figure - that's definitely not a typical refund amount!
I wanted to add one more thing that might help: If you're having trouble finding Line 35 on your Form 1040, you can also check the "Where's My Refund" tool on the website at irs.gov. When you originally checked your refund status there, it should have shown you the expected refund amount.
Also, since you mentioned you verified your identity and they said 1-3 weeks, the timing makes sense with what we're seeing. The Code 971 (Notice Issued) means they're sending you a letter explaining the penalty and interest charges. Once you receive and respond to that notice (if needed), you should see Code 846 (Refund Issued) appear on your transcript.
The bottom line is: whatever your actual refund amount is, you'll have $800.77 deducted from it ($358.86 penalty + $441.91 interest). If your refund is larger than that amount, you'll still get money back. If it's smaller, you might end up owing additional money.
Could you double-check that refund amount and let us know? We're all here to help once we get that clarified!
Tom Maxon
I found a way to solve identity verification delay issues, watch this: https://www.youtube.com/watch?v=U3vBwBmtkrQ
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Tom Maxon
Given that you have verified your identity with the and they indicated a timeframe of 1-3 weeks for updates, here's a summary and what you should expect next: Summary of Current Transcript Codes Code 150 (Tax return filed): Indicates your return has been processed. Code 276 (Penalty for late payment of tax): A penalty has been assessed for late payment. Code 196 (Interest charged for late payment): Interest has been charged on the late payment. Code 971 (Notice issued): A notice has been sent to you explaining the penalties, interest, or other matters related to your return. What to Expect Next Notice Explanation: Within the next few weeks, you should receive a notice from the (referenced by Code 971). This notice will provide detailed information about the penalties and interest that have been applied to your account. Update on WMR: The "Where's My Refund" () tool may not reflect immediate updates due to processing lags. However, after 1-3 weeks post-verification, you should start seeing changes or updates on your refund status. Receipt of Refund: If everything is in order and there are no further issues, your refund (if applicable after penalties and interest) should be processed and sent to you. Given that you already saw a "Refund issued" code (846) in your previous transcript, it indicates that your refund was calculated and should be on its way. Recommendations Check for Notices: Keep an eye on your mail for any correspondence from the IRS. The notice will provide important information about any actions you need to take. Monitor Tool: Continue to check the tool for updates on your refund status. Contact if Needed: If you do not receive any updates or the notice within the 1-3 week period, consider reaching out to the again for clarification. Prepare Documentation: Ensure you have all necessary documentation and records related to your tax return and the verification process in case further action or clarification is needed. Also, based on the new image you provided, here are the explanations for the codes and transactions on your transcript: Code 150 (Tax return filed): Explanation: This indicates that the has received and processed your tax return. Cycle: 20242105 (processing cycle number). Date: 06-10-2024. Amount: $35,886.00 (this is the total amount of tax liability reported on your return). Code 276 (Penalty for late payment of tax): Explanation: This indicates that a penalty has been assessed for the late payment of taxes. Cycle: 20242105. Date: 06-10-2024. Amount: $358.86 (this is the penalty amount for the late payment). Code 196 (Interest charged for late payment): Explanation: This indicates that interest has been charged on the late payment of taxes. Cycle: 20242105. Date: 06-10-2024. Amount: $441.91 (this is the amount of interest charged for the late payment). Code 971 (Notice issued): Explanation: This indicates that the has issued a notice to you. The notice will provide details about the penalty, interest, or other matters related to your tax return. Date: 06-10-2024. Amount: $0.00 (this code does not represent a financial transaction but indicates that a notice has been sent). Summary Code 150 confirms that your tax return has been processed with a reported tax liability of $35,886.00. Code 276 and Code 196 indicate that penalties and interest have been assessed for late payment of taxes. These amounts add to your total liability. Code 971 signifies that a notice has been issued to you, which will explain the penalties and interest in more detail.
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Tom Maxon
•btw, do you find this info helpful? Not sure if I should keep doing all this work or if yall think it's useful...
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Travis Jimmeen
•So am I still getting a tax return?
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Tom Maxon
•Based on the screenshot, you have penalties and interest due to late payment, which will reduce any potential refund. To determine if you will still get a refund, subtract the penalties and interest from your initial or credits. If the remaining amount is positive, you will receive a refund; otherwise, you may owe additional taxes. The upcoming notice will provide the exact details.
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Tom Maxon
•Is that your full transcript, or are there more codes? Seeing the whole thing would help me assess if you'll get a refund or not.
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Travis Jimmeen
•Is there any way I can send yu my fully tc
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Travis Jimmeen
•So yu can help me much better , and of course yu are super helpful thank yu so much
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Travis Jimmeen
•And yes that was the only code
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Tom Maxon
•I see. If those were the only codes, then hit me up here when you get the notice. Happy to help. BTW you should look for code 846 "Refund Issued". Since I don't see that, it's likely everything is being held up by the 971 code, which will be explained in a letter the will send you.
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Travis Jimmeen
•Where can I find my initial or credits. So I can subtract My refund amount was 189,617
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Travis Jimmeen
Where can I find my initial or credits. So I can subtract My refund amount was 189,617
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Tom Maxon
•Steps to Identify Initial or Credits: Review Your Filed Form 1040: If you have a copy of your filed Form 1040, you can find the information related to your payments and credits. Key Sections on Form 1040: Line 25: Total Federal Income Tax Withheld (sum of all federal tax withheld from your wages, salaries, and other payments as reported on W-2s, 1099s, etc.). Line 26: Estimated tax payments and amount applied from prior year. Line 27a: Earned Income Credit (EIC). Line 28: Additional Child Tax Credit. Line 29: American Opportunity Credit (education credits). Line 30: Recovery Rebate Credit. Line 31: Other payments and refundable credits. Total Payments and Credits: Add up the amounts from Lines 25 through 31. This total represents your initial payments and credits before subtracting your tax liability. Compare with Tax Liability: Line 24: Total Tax (the amount of tax you owe for the year). Calculate or Refund: If your total payments and credits (sum of Lines 25 through 31) exceed your total tax liability (Line 24), the difference is your overpayment. This is what potentially results in a tax refund after accounting for any adjustments, penalties, or interest. Example Here’s a simplified example based on hypothetical numbers: Line 24 (Total Tax): $35,886.00 Line 25 (Federal Income Tax Withheld): $40,000.00 Line 26 (Estimated Tax Payments): $5,000.00 Line 27a (Earned Income Credit): $1,000.00 Line 28 (Additional Child Tax Credit): $2,000.00 Line 29 (American Opportunity Credit): $500.00 Line 30 (Recovery Rebate Credit): $1,117.00 Line 31 (Other Payments and Refundable Credits): $0.00 Total Payments and Credits 40,000 + 5,000 + 1,000 + 2,000 + 500 + 1,117 = $49,617.00 Calculation {Total Payments and Credits} - {Total Tax} = $49,617.00 - $35,886.00 = $13,731.00 Conclusion In this example, the would be $13,731.00. This would be the basis for any refund you might receive, adjusted for any penalties or interest as shown in the transaction codes on your transcript. By reviewing your Form 1040, you can verify the amounts of federal tax withheld and any refundable credits claimed, which contribute to your initial or credits.
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Raúl Mora
•Wait, you mentioned your refund amount was $189,617? That seems unusually high - are you sure that's correct? Most individual tax refunds are much smaller. Could you double-check that number? If that amount is accurate, you'd need to look at your Form 1040 lines 25-31 as Tom explained to see your total payments and credits. With penalties of $358.86 and interest of $441.91 (totaling $800.77), even if those were deducted from $189,617, you'd still have a substantial refund coming. But I'd recommend verifying that refund amount first - it might be a typo or you might be looking at a different field on your transcript.
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Felix Grigori
•I agree with Raúl - $189,617 is an extremely high refund amount that would be very unusual for an individual tax return. That's nearly $190k! A few possibilities: 1. You might be looking at your total income/wages instead of your refund amount 2. There could be a decimal point error (maybe it's $1,896.17?) 3. You might be looking at a different line on your transcript Can you double-check where you're seeing that $189,617 figure? Look specifically for: - Code 846 (Refund Issued) - this would show your actual refund amount - Line 35 on your Form 1040 - this shows your refund amount - Make sure you're not looking at your total income or withholdings With the penalties and interest you mentioned ($358.86 + $441.91 = $800.77), if your actual refund was much smaller, these could significantly impact or even eliminate your refund entirely. Could you clarify where you're seeing that $189,617 number?
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Norman Fraser
•I have to echo what Raúl and Felix are saying - $189,617 is an extraordinarily high refund amount that would be very rare for an individual return. That's almost $190,000! Before we can help you calculate whether you'll still get a refund after penalties and interest, we really need to verify this number. Here are some common places people accidentally look that aren't the actual refund amount: **Common Mix-ups:** - **Adjusted Gross Income (AGI)** - This is your total income, not your refund - **Total Income** - Again, this is what you earned, not what you're getting back - **Federal Income Tax Withheld** - This is what was taken from your paychecks, not your refund - **Wages from Box 1 of W-2** - This is your income, not refund **Where to find your ACTUAL refund amount:** - **Form 1040, Line 35** - This shows your refund amount - **IRS Transcript Code 846** - Shows "Refund Issued" with the actual amount - **"Where's My Refund" tool** - Shows your expected refund Could you please look at your Form 1040 Line 35 or check for Code 846 on your transcript? If you don't see Code 846, that might explain why your refund is delayed - it hasn't been processed for issuance yet. With penalties of $800.77 total, if your actual refund is much smaller than $189,617, it could significantly impact what you receive.
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Julia Hall
•I completely agree with everyone here - $189,617 is definitely not a typical refund amount! That's nearly $200k which would be extremely unusual. Travis, can you help us out by checking exactly where you're seeing that number? Here's what I'd recommend: 1. **Look at your actual tax return (Form 1040)** - Check Line 35, which should show your refund amount 2. **Check your transcript again** - Look specifically for Code 846 ("Refund Issued") - if you don't see this code, that could explain the delay 3. **Double-check the "Where's My Refund" tool** on the website You might be looking at: - Your total wages (Box 1 from W-2) - Your Adjusted Gross Income - Total tax withheld from your paychecks - Some other income figure Once we know your actual refund amount, we can easily calculate if you'll still get money back after the $358.86 penalty and $441.91 interest (total of $800.77 in reductions). Can you take another look and let us know what Line 35 of your Form 1040 says, or if you see Code 846 anywhere on your transcript?
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Nora Bennett
•Hey Travis! I'm jumping in here because everyone's raised a really important point about that $189,617 figure - that's definitely not a typical refund amount for most people. I think what might help is if you could share a screenshot of the specific line where you're seeing that number. Sometimes the transcripts and forms can be confusing with all the different dollar amounts. Here's a quick way to double-check: - On your Form 1040, look at **Line 35** - that's your actual refund - If you filed electronically, your tax software should have given you a summary showing your expected refund - On your transcript, look for **Code 846** - that would show "Refund Issued" with the actual amount The good news is that once we figure out your real refund amount, the math is pretty straightforward. You'd subtract the penalty ($358.86) and interest ($441.91) from your refund to see what you'll actually receive. Could you check Line 35 on your return and let us know what that says? That should clear up any confusion!
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Giovanni Conti
•I'm also curious about that $189,617 figure - that would be an incredibly large refund! Just to add to what everyone else has mentioned, here are a few other places you might be accidentally looking: **Other common sources of confusion:** - **Total payments made** (sum of withholdings + estimated payments) - **Gross income from multiple jobs/sources** - **Balance due before credits** on transcript - **Previous year's income** if looking at wrong year The easiest way to confirm your actual refund amount is to look at the tax return you filed. If you used tax software (TurboTax, H&R Block, etc.), it should have shown you a clear "Your Refund" amount before you submitted. Given that you have Code 971 (Notice Issued) but no Code 846 (Refund Issued) on your transcript, it seems like the is holding your refund pending that notice they're sending you. The penalties and interest ($800.77 total) will definitely be deducted from whatever your actual refund amount is. Can you check your original tax return or tax software summary to confirm the refund amount? Once we have the right number, we can give you a much clearer picture of what to expect!
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Chloe Green
•Travis, I think everyone here is trying to help you get to the bottom of this! That $189,617 figure is definitely raising some red flags since it's such an unusually large refund amount. Here's what I'd suggest to clear this up quickly: 1. **Find your original tax return** - Look for Form 1040, Line 35 (that's your refund line) 2. **Check your tax software confirmation** - If you filed online, there should have been a summary screen showing your refund 3. **Look at "Where's My Refund"** - Go to irs.gov and use their tool with your SSN, filing status, and refund amount The fact that you have Code 971 (Notice Issued) but no Code 846 (Refund Issued) suggests the is holding your refund until they send you that notice explaining the penalties and interest. Once we know your actual refund amount, the math is simple: - Your refund amount - $358.86 (penalty) - $441.91 (interest) = what you'll actually receive Could you double-check Line 35 on your Form 1040 and let us know what that says? That should solve this mystery pretty quickly!
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Fatima Al-Farsi
•Travis, I'm also concerned about that $189,617 figure - that would be an extraordinarily high refund! I think there might be some confusion about which number you're looking at. To help clarify, could you tell us: 1. Did you have a lot of federal taxes withheld from your paychecks this year? 2. Did you make large estimated tax payments? 3. Do you have multiple W-2s or 1099s with significant withholdings? Sometimes people confuse their total withholdings (what was taken from paychecks all year) with their actual refund amount. Your refund is only the amount you get back AFTER your tax liability is subtracted from your total payments. The quickest way to verify: look at your Form 1040 Line 35, or if you used tax software, check your filing confirmation email - it should clearly state "Your federal refund: $____" With Code 971 on your transcript, the is definitely sending you a notice about those penalties and interest totaling $800.77. Once we know your real refund amount, we can tell you exactly what to expect!
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Malia Ponder
•Travis, I think everyone here is spot-on about that $189,617 figure needing clarification. That's almost $190,000 which would be extremely unusual for an individual tax refund. Here's a simple way to verify your actual refund amount: **Quick Check:** 1. Look at your Form 1040, Line 35 - this is your actual refund 2. If you filed electronically, check your confirmation email from your tax software 3. Use the "Where's My Refund" tool at irs.gov **Most likely explanations for the $189,617:** - Total wages from all your W-2s combined - Your Adjusted Gross Income (AGI) - Total federal tax withheld throughout the year - Some other income figure on your transcript The key thing is that your refund = (Total payments + credits) - (Tax owed). So even if you had $189,617 in total withholdings, your actual refund would be much less after subtracting your tax liability. With the penalties and interest totaling $800.77, once we know your real refund amount, we can easily calculate what you'll actually receive. The notice (Code 971) will explain everything in detail. Can you check Line 35 on your Form 1040 and share that number instead?
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Mateo Sanchez
•Hey Travis! I'm also jumping in here because everyone's absolutely right - $189,617 is an incredibly high refund amount that would be very unusual. I think what might be happening is you're looking at your total income or total withholdings instead of your actual refund amount. Here's the easiest way to find your real refund: **Check these specific places:** - Form 1040, Line 35 - this shows your actual refund amount - Your tax software's final summary screen (if you filed online) - The "Where's My Refund" tool at irs.gov **You might be accidentally looking at:** - Your total wages/salary for the year - Total federal taxes withheld from all paychecks - Your Adjusted Gross Income (AGI) - Some other large dollar figure on your transcript Once we know your actual refund amount from Line 35, we can easily calculate what you'll receive after the penalty ($358.86) and interest ($441.91) are deducted - that's $800.77 total coming out of your refund. The Code 971 on your transcript means the is sending you a notice explaining these charges. Can you double-check Line 35 on your Form 1040 and let us know what that actually says?
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Keisha Taylor
•Travis, I'm also curious about that $189,617 figure - everyone here is right to question it because that's an unusually large refund amount. Let me add one more possibility to what others have mentioned: Are you perhaps looking at business income or self-employment income? Sometimes people with multiple income sources or business returns can get confused about which numbers they're looking at. Here's what I'd recommend: 1. **Find your Form 1040** and look specifically at **Line 35** - this is your actual refund 2. **If you used a tax preparer**, call them and ask what your refund amount was 3. **Check your bank account** - if you had direct deposit set up, you might have already received a partial refund The math everyone's mentioning is correct: whatever your actual refund is, you'll have $800.77 deducted ($358.86 penalty + $441.91 interest) based on the codes shown on your transcript. Since you have Code 971 (Notice Issued) but no Code 846 (Refund Issued), the is likely holding your refund until they send you that explanatory notice. Could you check Line 35 on your tax return and get back to us? That'll clear up all the confusion!
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Ruby Knight
•Travis, I think everyone here is absolutely right to question that $189,617 figure - that would be an incredibly unusual refund amount for most individual taxpayers! I'd suggest taking a step back and looking at this systematically: **Most likely sources of confusion:** - You might be looking at your **total wages** from Box 1 of your W-2(s) - Could be your **total tax withholdings** for the entire year - Might be your **Adjusted Gross Income (AGI)** from Line 11 of Form 1040 - Could be looking at a business income figure if you have self-employment **To find your ACTUAL refund amount:** 1. Look at **Form 1040, Line 35** - this is your actual refund amount 2. Check any confirmation email from tax software you used 3. Look for **Code 846** on your transcript (you mentioned you don't see this, which explains the delay) **Quick reality check:** Most individual refunds are in the hundreds to low thousands. A $189k refund would require either massive of estimated taxes or very unusual circumstances. Once you find your real refund amount from Line 35, we can easily calculate what you'll actually receive after the $800.77 in penalties and interest are deducted. The notice (Code 971) will explain these charges in detail. Can you please check Line 35 on your Form 1040 and share that number? That should solve this mystery!
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Alejandro Castro
•Travis, I think everyone here has made excellent points about that $189,617 figure - that's definitely not a typical refund amount! I wanted to add one more thing that might help: If you're having trouble finding Line 35 on your Form 1040, you can also check the "Where's My Refund" tool on the website at irs.gov. When you originally checked your refund status there, it should have shown you the expected refund amount. Also, since you mentioned you verified your identity and they said 1-3 weeks, the timing makes sense with what we're seeing. The Code 971 (Notice Issued) means they're sending you a letter explaining the penalty and interest charges. Once you receive and respond to that notice (if needed), you should see Code 846 (Refund Issued) appear on your transcript. The bottom line is: whatever your actual refund amount is, you'll have $800.77 deducted from it ($358.86 penalty + $441.91 interest). If your refund is larger than that amount, you'll still get money back. If it's smaller, you might end up owing additional money. Could you double-check that refund amount and let us know? We're all here to help once we get that clarified!
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