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Connor Murphy

Need help understanding my IRS transcript - verification required?

I've been checking my transcripts everyday and noticed some changes. I see a verification hold but also see a refund issued code. Can somebody help me understand what's going on? I'm getting mixed signals here and its been 6 months of waiting.

Based on what you're describing, you likely have a TC 570 (hold) and a TC 846 (refund issued) on your transcript. The 846 code is what you want to see - that means your refund has been approved and is being sent. The verification hold was probably resolved which is why you're seeing both. Check your bank account in the next few days, the money should be there!

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omg thank you so much! 🙏 I've been stressing about this for months

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I got the same codes last week and my refund hit my account yesterday. You're good to go!

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hey instead of trying to piece together what those codes mean, you should try taxr.ai - it analyzes your whole transcript and tells you exactly whats happening and when to expect your refund. Its only $1 and saved me hours of research. 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 actually goes through everything line by line and explains what each code means for YOUR specific situation. Plus it gives you a timeline estimate based on your actual transcript data

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Just tried it and WOW 🤯 This is exactly what I needed! Finally understand whats actually happening with my refund

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I'm in the same boat been waiting 8 months. its ridiculous how long these things take 🤮

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The hold could be random verification or identity verification. Did you get any letters in the mail?

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No letters at all thats why im so confused

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congrats on the 846! ur almost at the finish line

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fingers crossed! 🤞

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