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Annabel Kimball

IRS Transcript Shows $0 Balance and "No Tax Return Filed" - What Does This Mean for My 2023 Account?

I just pulled my IRS transcript and I'm really confused about what it means. The transcript shows the following information: ACCOUNT BALANCE: $0.00 ACCRUED INTEREST: $0.00 AS OF: Mar. 14, 2023 ACCRUED PENALTY: $0.00 AS OF: Mar. 14, 2023 ACCOUNT BALANCE PLUS ACCRUALS (this is not a payoff amount): $0.00 ** INFORMATION FROM THE RETURN OR AS ADJUSTED EXEMPTIONS: 00 FILING STATUS: Single ADJUSTED GROSS INCOME: [blank] TAXABLE INCOME: [blank] TAX PER RETURN: [blank] SE TAXABLE INCOME TAXPAYER: [blank] SE TAXABLE INCOME SPOUSE: [blank] TOTAL SELF EMPLOYMENT TAX: [blank] RETURN NOT PRESENT FOR THIS ACCOUNT TRANSACTIONS CODE EXPLANATION OF TRANSACTION CYCLE DATE No tax return filed This Product Contains Sensitive Taxpayer Data What's really confusing me is that it says "RETURN NOT PRESENT FOR THIS ACCOUNT" and under Transactions it explicitly states "No tax return filed." But it does show my filing status as "Single" and Exemptions as "00". Almost all the important fields are completely blank though - no Adjusted Gross Income, no Taxable Income, no Tax Per Return, and nothing for Self Employment Tax. I'm concerned about what this actually means. Does this indicate that the IRS hasn't received my tax return at all? Or is there something wrong with my account? Should I be worried about this "No tax return filed" message even though my account balance is $0.00? Does this mean I'm in good standing or potentially in trouble?

The transcript data shows a completely empty tax record for this period. While your account balance and all accruals (interest and penalties) are $0.00 as of March 13, 2023, this isn't necessarily positive news - it simply means there's no activity to assess. The key concern is that most critical fields are blank, including Adjusted Gross Income, Taxable Income, and Tax Per Return. Only minimal demographic information is populated (Filing Status: Single, Exemptions: 00). The statement "RETURN NOT PRESENT FOR THIS ACCOUNT" combined with "No tax return filed" in the transactions section definitively indicates the IRS has no record of receiving your tax return for this period. The system is essentially showing an empty account rather than a processed return. If you believe you filed a return, you'll need documentation to prove submission: - For e-filing: Your electronic confirmation number - For paper filing: Your certified mail receipt or proof of mailing This situation requires prompt attention since missing returns can lead to future complications with the IRS. It's advisable to contact the IRS directly to resolve this discrepancy and either confirm your filing status or submit any missing returns.

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omg thank you! I thought I filed... gonna have to check my records 😭

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np! just make sure to file asap if you find out you missed it. penalties add up quick

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Hey, instead of trying to decode these cryptic transcripts yourself, you should try taxr.ai - it's this new tool that analyzes your transcript and tells you exactly what's going on and what to do next. It's only $1 and WAY better than playing detective. Here's the link: https://taxr.ai

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Sounds interesting. How exactly does it work? Does it just read your transcript or does it do more?

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It's actually pretty amazing - it reads everything and gives you specific next steps. Like in this case, it would tell you exactly when the return went missing and what documents you need to fix it

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Just tried it and WOW 🤯 wish I knew about this months ago! Finally know exactly whats going on with my refund

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i had the same thing happen last year. turns out my tax preparer never actually submitted my return even tho they said they did 🤡

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Double check your email for any confirmation numbers. Sometimes returns get rejected and we dont get the notification smh

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checking rn! 👀

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the irs is such a mess rn fr. took them 8 months to even acknowledge my return existed last year

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ur lucky it was only 8 months lol. im still waiting on my 2021 return 💀

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Did you file by paper or electronically? Makes a huge difference these days

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electronic... at least I thought I did 😅

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This is a classic case of a "ghost return" - where you think you filed but the IRS has no record. The $0 balance isn't necessarily good news here since there's literally nothing to balance against. A few things to check immediately: 1) Log into your tax software account and verify the return was actually transmitted (not just prepared), 2) Check your bank account for any fee charges from the tax prep company - if they didn't charge you, they probably didn't file, 3) Look for email confirmations with specific IRS acceptance numbers. If you can't find proof of filing, you'll need to file ASAP. The good news is if you're owed a refund, there's usually no penalty for late filing, but if you owe money, penalties and interest start accruing from the original due date.

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This is really helpful advice! I never heard the term "ghost return" before but that perfectly describes what happened to me. Just checked my tax software and it shows "prepared" but NOT "transmitted" 🤦‍♀️ Going to file it properly right now. Thanks for the step-by-step checklist!

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Ghost" return is such a perfect term for this! I had no idea this was even a thing that could happen. Just went through my tax software account and found the same issue - it "shows return" completed but'there s no transmission confirmation anywhere. Really appreciate you breaking down those specific steps to check. Question: if I file (now)mid-February , will the IRS flag this as suspicious since'it s so late, or do they just process itnormally?

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