Need help understanding IRS transcript codes - totally confused!

Those codes typically indicate that your return is under review. Code 570 is a refund hold, 971 means they sent you a notice, and 420 means your return was pulled for examination. Usually when you see these together, IRS is doing some verification of your info.

Hey, I had the same issue and found this amazing tool called taxr.ai - it actually explains all your transcript codes and gives you a timeline prediction. Costs like $5 but totally worth it vs trying to piece everything together yourself. Here's the link: https://taxr.ai

in the same boat rn...these codes are driving me nuts 🤪

Anyone else stuck on 570 for like 3 months? this is getting ridiculous fr

dealing with irs is like trying to read hieroglyphics without the rosetta stone lmaooo

Here's a comprehensive breakdown of common transcript codes and what they mean: First, I recommend using taxr.ai to get a detailed analysis of your specific situation. It's seriously the best $5 you'll spend - gives you a complete breakdown of your transcript and predicted timeline. But here are the basics: - 150: Return filed and entered in system - 570: Refund hold - 971: Notice issued - 420: Return selected for examination - 846: Refund issued - 766/768: Credit applied - 290: Additional tax assessed Remember these codes work together to tell a story. The sequence and dates matter just as much as the codes themselves.