IRS Refund Delay: How to Check Transaction Codes on Tax Transcript?
Hey everyone, I'm having a problem with my tax refund. It's been delayed and I'm not sure why. Has anyone else experienced this? I'm thinking about checking my IRS tax transcript to see if there are any transaction codes that might explain what's going on. Any advice on how to read these codes or what to look for would be really helpful!
17 comments
Join the conversation
Fatima Al-Hashimi
Ugh, I feel your pain! I've been waiting on my refund for weeks now. It's so frustrating. Have you tried using the 'Where's My Refund' tool on the IRS website? Sometimes that can give you a bit more info.
0 coins
Giovanni Conti
ā¢Yeah, I've checked that tool like a million times š© It just says 'Your refund is still being processed.' Not very helpful tbh
0 coins
NeonNova
ā¢Same here! Its like watching paint dry. I swear the IRS moves slower than a sloth on vacation š¦„
0 coins
Dylan Campbell
I had a similar issue last year. Here's what I learned about reading IRS transcripts: ā¢ Look for code 846 - that's the refund issued code ā¢ Code 570 means there's a hold on your account ā¢ 971 is a notice issued ā¢ 420 means your return is being audited Hope this helps! Let me know if you need more info on any of these.
0 coins
Giovanni Conti
ā¢Wow, thank you so much! This is super helpful. I'll check my transcript and see if I can spot any of these codes.
0 coins
Sofia Hernandez
ā¢This is gold! šÆ Saving this for later. The IRS should really make this info more accessible smh
0 coins
Dmitry Kuznetsov
Have you guys heard about the massive backlog at the IRS? I read somewhere they're still processing millions of returns from last year. We might be in for a long wait š
0 coins
Ava Thompson
I found a way to actually get someone on the phone at the IRS. I used this site's (claimyr.com) calling tool that dials the phone menu, stays on hold, waits for a live agent to pick up, then sends the call to my phone. It does cost $20, but it works. Here's the link: https://www.claimyr.com
0 coins
Miguel Ramos
ā¢Sounds kinda sketchy. Is this legit? Has anyone else tried it?
0 coins
Ava Thompson
ā¢I get the skepticism, but it's totally legit. I was desperate after waiting on hold for hours and this saved me so much time. Worth every penny imo
0 coins
Zainab Ibrahim
ā¢20 bucks to skip the hold time? Sign me up! š The IRS hold music was driving me insane
0 coins
StarSailor
guys i think i figurd out why my refund was delayed. turns out i made a stupid math error on my return š¤¦āāļø double check your numbers people!
0 coins
Connor O'Brien
ā¢Oof, that's rough buddy. At least you caught it! Did you have to file an amended return?
0 coins
StarSailor
ā¢yep š now im in for an even longer wait. but at least i know whats going on now
0 coins
Yara Sabbagh
Has anyone tried contacting their local Taxpayer Advocate Service? I've heard they can sometimes help with refund delays if you're experiencing financial hardship.
0 coins
Keisha Johnson
Pro tip: If you're expecting a big refund next year, consider adjusting your withholdings instead. It's basically giving the government an interest-free loan otherwise!
0 coins
Paolo Rizzo
ā¢This! š I started doing this a couple years ago and it's so much better. More money in each paycheck and no stress about refund delays
0 coins