IRS Code 470 on transcript - what does this mean for my refund?

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.

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.

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

in the same boat rn. got 470 two weeks ago still no updates smh

If u got dependents they might be verifying them. happened to me last year took like 90 days 🤮

These delays are getting ridiculous fr. IRS needs to get their act together

Call the tax advocate service! They helped me get my 470 resolved in like 3 weeks