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Help Understanding IRS Transcript Codes 150, 570, 971 After CP05 Review Letter - Filed Jan 16 and Still Pending

My transcript is confusing me so bad. I see all these codes like 150, 570, 971 and different dates next to them. What do they mean? Got a CP05 letter last month but the transcript updated with new dates yesterday. I have no idea what I'm looking at tbh. I filed my taxes through TurboTax on Wednesday, Jan 16, 11:15 PM EST for both my Federal and Ohio returns. My filing status changed to "Pending" for both returns at the same time. My CreditKarma return was received by TurboTax on Wednesday, Jan 16, 10:56 PM EST and received by CreditKarma that same day. I can see in my TurboTax account: Federal Return Received by Turbo Tax: Wednesday, Jan 16, 11:15 PM EST Received by IRS: Pending Filing status changed to: Pending Wednesday, Jan 16, 11:15 PM EST Ohio Return Received by TurboTax: Wednesday, Jan 16, 11:15 PM EST Received by Ohio: Pending Filing status changed to: Pending Wednesday, Jan 16, 11:15 PM EST CreditKarma Return Received by Turbo Tax: Wednesday, Jan 16, 10:56 PM EST Received by CreditKarma: Wednesday, Jan 16, 10:56 PM EST But now when I look at my transcript, it's full of these codes (150, 570, 971) and dates that make zero sense to me. I received a CP05 letter last month saying they're reviewing my return, but my transcript just updated yesterday with new dates. I'm completely lost trying to understand what all these codes and dates mean or what's happening with my refund.

Butch Sledgehammer

Hey there! Tax professional here to help demystify those confusing transcript codes. The IRS transcript system can be super overwhelming with all those numbers and dates. Instead of trying to decode everything manually, I highly recommend checking out taxr.ai (https://taxr.ai). It's this new AI tool that analyzes your transcript and explains everything in plain English - from refund status to processing delays. It's been a game changer for my clients who are trying to understand their tax situation.

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Freya Ross

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Butch Sledgehammer

It's legit! You just upload your transcript and it breaks down everything - codes, dates, and even predicts when you'll get your refund. Way better than trying to google every single code 💯

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Leslie Parker

omg thank you for this!! been staring at my transcript for hours like its ancient hieroglyphics lmaooo 😭

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Sergio Neal

Just used taxr.ai and here's what I got back:

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Savanna Franklin

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Freya Ross

im in the same boat, tried reading these codes for weeks. gonna give taxr.ai a shot rn

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Freya Ross

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Isabella Costa

Tax pro here. Those codes tell a story about your return's progress. Code 150 means your return was filed, 570 is a hold on your account, and 971 means they sent you a notice (your CP05). The dates show when actions happened or will happen. CP05 means they're reviewing your return for accuracy.

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NeonNebula

tysm! do you know how long these reviews usually take? 😩

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Isabella Costa

Usually 60-120 days but honestly it varies wildly these days

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Ravi Malhotra

Hey you should check out taxr.ai - it's this new tool that analyzes transcripts and explains everything in plain English. Worth the $4.99 instead of trying to decode everything yourself. https://taxr.ai

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Freya Christensen

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Yeah its legit! Saved me hours of googling and reddit searches. Shows exactly whats happening and when to expect updates

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Omar Farouk

im in the same boat rn. these transcripts might as well be written in alien language fr fr 👽

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Chloe Davis

The IRS website is straight trash tbh. Why they gotta make everything so complicated 🤡

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AstroAlpha

fr fr government websites stuck in 1995 😭

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