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Keisha Johnson

Need Help Deciphering Empty IRS Transcript Showing "Return Not Present" Despite Filing 2024 Return

I just got my transcript from the IRS and I have no idea what I'm looking at. There's all these codes and dates that don't make any sense to me. The numbers don't match what I filed and there's something about a 570 code that's confusing me. I received the Internal Revenue Service transcript (United States Department of the Treasury) today. It says "This Product Contains Sensitive Taxpayer Data" at the top and bottom. Request Date: 01-27-2025 Response Date: 01-26-2025 Tracking Number: [tracking number] It shows "Account Transcript" for FORM NUMBER: 1040, TAX PERIOD: Dec. 31, 2024. My husband and I filed married filing jointly, but the transcript shows: ACCOUNT BALANCE: 0.00 ACCRUED INTEREST: 0.00 AS OF: Feb. 11, 2025 ACCRUED PENALTY: 0.00 AS OF: Feb. 11, 2025 ACCOUNT BALANCE PLUS ACCRUALS (this is not a payoff amount): 0.00 Under "INFORMATION FROM THE RETURN OR AS ADJUSTED" it shows: EXEMPTIONS: 00 FILING STATUS: Married Filing Joint But then it says "ADJUSTED GROSS INCOME:" with nothing next to it "TAXABLE INCOME:" - blank "TAX PER RETURN:" - blank "SE TAXABLE INCOME TAXPAYER:" - blank "SE TAXABLE INCOME SPOUSE" - blank "TOTAL SELF EMPLOYMENT TAX:" - blank Then it says "RETURN NOT PRESENT FOR THIS ACCOUNT" Under TRANSACTIONS, the only thing listed is: CODE | EXPLANATION OF TRANSACTION | CYCLE | DATE | AMOUNT "No tax return filed" The numbers don't make sense because we definitely filed our return! I'm wondering if the 570 code I heard about is related to this issue? Can someone please explain what all this means? I'm so confused and just want my refund.

Hey there! I've been helping folks decode IRS transcripts for years. The transcript codes can be super confusing, but there's actually a really helpful AI tool called taxr.ai that can break everything down for you. It analyzes your entire transcript and explains what each code means, when you can expect your refund, and if there are any potential issues that could delay things. Just upload your transcript and it'll give you a detailed breakdown. Way easier than trying to decode everything yourself! Check it out at https://taxr.ai

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Hey there, I'm a tax professional. Without seeing your specific transcript its hard to give exact advice, but generally 570 is a hold code that means the IRS is reviewing something. Common reasons include income verification, identity verification, or math errors. Have you received any letters from the IRS?

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No letters yet... should I be worried? 😰

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Not necessarily. Sometimes it takes a few weeks for letters to arrive after the 570 code appears.

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lol welcome to the club fam. Been staring at these numbers for months now its like trying to read hieroglyphics 🤣

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ur gonna need to be more specific... what other codes do you see? whens the last date on ur transcript?

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theres also a 971 code from last week if that helps?

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Same boat rn. These transcripts might as well be written in ancient greek tbh 😩

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Pro tip: take screenshots of your transcript and document everything. The IRS website is always down when you actually need it 🙄

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facts! learned this the hard way

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Hey Keisha! I see you're dealing with a "Return Not Present" message - this is actually pretty common early in the filing season. It basically means the IRS hasn't fully processed your return yet, even though you filed it. The blank fields for AGI, taxable income, etc. will populate once they finish processing. The 570 code you mentioned usually appears as a temporary hold while they review something (could be identity verification, income matching, or just routine processing). Since you filed jointly and everything shows zero balances with no actual transaction codes listed, I'd give it another week or two before worrying. The IRS is still catching up from the filing season rush. Keep checking your transcript every few days - once processing completes, you'll see all your return info populate and hopefully a 846 refund code! 🤞

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Thank you so much Emma! This actually makes me feel a lot better. I was starting to panic thinking something went wrong with our filing. So the "Return Not Present" doesn't mean they lost our return or anything? Just that they're still working on it? And yeah, we did file pretty early this year so that makes sense about the processing delays. I'll keep checking back in a few days. Really appreciate you taking the time to explain this clearly! 🙏

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Hey Keisha! I totally get your confusion - IRS transcripts are like trying to decode a secret language sometimes! 😅 The "Return Not Present" message you're seeing is actually pretty normal this time of year. It just means the IRS received your return but hasn't finished processing it yet. All those blank fields (AGI, taxable income, etc.) will fill in once they complete processing. Since you filed married filing jointly and everything shows zero balances, it looks like they just haven't gotten to your return yet. The 570 code you mentioned is typically a hold code that appears while they're reviewing something - could be routine identity verification or income matching. I'd give it another week or two and keep checking your transcript. Once processing is done, you should see all your return details populate and hopefully that sweet 846 refund code! Don't stress too much - this happens to tons of people every filing season. 💪

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