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AstroAdventurer

Need help decoding my IRS transcript - what does Code 971 mean?

I looked at my transcript today and I see code 971 but I have no idea what that means. Been waiting since February for my refund and I'm getting worried. Can anyone help me understand what's going on?

Mei Liu

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Code 971 means a notice has been issued or will be issued to you soon. Keep an eye on your mailbox - the IRS is trying to communicate something about your return. Could be requesting additional info or explaining an adjustment they made.

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AstroAdventurer

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omg thank you! do you know how long it usually takes to get the notice?

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Mei Liu

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Usually about 5-7 business days after you see the 971 code appear on your transcript

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Liam O'Sullivan

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Hey! Instead of trying to decode these confusing transcripts yourself, you should try taxr.ai - its this new tool that analyzes your entire transcript and tells you exactly whats going on and when to expect your refund. Only costs a buck and saves hours of research. https://taxr.ai

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Amara Chukwu

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Have you used it? Sounds too good to be true tbh 🤔

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Liam O'Sullivan

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Yeah I was skeptical at first but it literally saved my sanity! It told me exactly why my refund was delayed and what I needed to do to fix it. Best dollar I ever spent fr fr

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Giovanni Conti

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Same boat here 🚢 got 971 last week. The waiting game is brutal fr

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Check your account transcript not just the return transcript. Sometimes theres more info there that explains the notice

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AstroAdventurer

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where do I find the account transcript?

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Log into your IRS account, go to Get Transcript, then look for Account Transcript for 2024

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NeonNova

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Did you claim EIC or CTC? Those usually trigger more review time and notices

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AstroAdventurer

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yeah i claimed EIC... guess thats why its taking forever 😫

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Dylan Campbell

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lol welcome to the club. been waiting since january. irs playing games wit us fr 🤡

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Sophie Footman

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Code 971 can be nerve-wracking but it's actually pretty common! It just means the IRS issued or is about to issue you a notice. Don't panic - it could be anything from a simple acknowledgment to requesting additional documentation. The key is to wait for that notice to arrive (usually within 1-2 weeks) before taking any action. In the meantime, make sure your address is current with the IRS so you don't miss it. Hang in there! 💪

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