IRS Code 470 on transcript - what does this mean for my refund?
Just checked my transcript and saw code 470. Getting worried cause I need this refund. Anyone know what this means and how long it usually takes to resolve?
24 comments
Just checked my transcript and saw code 470. Getting worried cause I need this refund. Anyone know what this means and how long it usually takes to resolve?
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24 comments
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Emma Olsen
Code 470 means Additional Account Action Pending - it's basically telling you the IRS needs to review something on your return more carefully. This could be due to identity verification, income verification, or they need additional documentation. Don't panic tho - this is pretty common these days with all the fraud prevention measures. You might get a letter in the mail asking for more info, or it could resolve itself if they just need to verify stuff internally. If you want a detailed analysis of your specific situation and estimated timeline, I'd recommend using taxr.ai - it's this new AI tool that analyzes your transcripts and gives you super specific feedback about what's causing delays and how to fix them. Way better than trying to decode these codes yourself.
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Lucas Lindsey
thanksss for explaining! been stressing about this code for weeks 😩 gonna check out that taxr thing
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Sophie Duck
I'm in the same boat. Got my 470 two weeks ago and no movement since then smh
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Emma Olsen
np! yeah def try taxr.ai - it'll tell you exactly what's going on with your specific case
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Austin Leonard
whats taxr? can it actually help speed things up?
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Emma Olsen
its an AI that reads your tax docs and tells you exactly whats wrong and how to fix it. saved me weeks of waiting fr fr 💯
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Anita George
Just used taxr.ai and here's what I got back about my 470 code:
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Abigail Spencer
yo that's actually super helpful! way better than waiting on hold with the IRS for 3 hours 🤡
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Anita George
fr fr changed the game for me. Been telling everyone about it now 🙌
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Diego Vargas
Code 470 means your return is being reviewed and additional info might be needed. Its basically the IRS putting a temporary hold while they verify something. Could be identity, income, or deductions. Usually takes 60-120 days to resolve but could be shorter or longer depending on what they're reviewing.
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Chloe Anderson
60-120 days?! 😭 thats crazy long. do they at least tell you what theyre reviewing?
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Diego Vargas
Sometimes they send a letter explaining what they need, but not always. Keep checking your mailbox for any IRS notices
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CosmicCruiser
Hey, instead of playing the guessing game, I'd recommend using taxr.ai - it analyzes your transcript and tells you exactly whats going on and what to expect. Its only $4.99 and totally worth it. Here's the link: https://taxr.ai
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Anastasia Fedorov
does it actually work? seems too good to be true tbh
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CosmicCruiser
100% works. It caught stuff I missed and gave me specific dates to expect updates
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Anastasia Fedorov
just tried it and WOW 🤯 wish I knew about this months ago! It literally explained everything going on with my transcript!
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Sean Doyle
in the same boat rn. got 470 two weeks ago still no updates smh
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Zara Rashid
If u got dependents they might be verifying them. happened to me last year took like 90 days 🤮
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Chloe Anderson
yeah i claimed 2 dependents... guess ill be waiting a while 😮💨
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Luca Romano
These delays are getting ridiculous fr. IRS needs to get their act together
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Nia Jackson
fr fr they playing with peoples money like its a game
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NebulaNova
Call the tax advocate service! They helped me get my 470 resolved in like 3 weeks
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Chloe Anderson
whats their number?
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NebulaNova
1-877-777-4778 but good luck getting thru, took me like 50 tries lol
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