IRS Transcript Shows Additional Tax Assessed Today (1/14/25) After November Amendment - Next Steps?
Just checked my transcript and noticed an update today, January 14, 2025. I'm a bit concerned about what I'm seeing and not sure if I need to do anything or just wait it out. Here's what my transcript shows: ANY MINUS SIGN SHOWN BELOW SIGNIFIES A CREDIT AMOUNT ACCOUNT BALANCE: ACCRUED INTEREST AS OF: Jan. 14, 2025 ACCRUED PENALTY AS OF: Jan. 14, 2025 ACCOUNT BALANCE PLUS ACCRUALS (this is not a payoff amount): **INFORMATION FROM THE RETURN OR AS ADJUSTED** EXEMPTIONS: 03 FILING STATUS: Head of Household ADJUSTED GROSS INCOME: TAXABLE INCOME: 0.00 TAX PER RETURN: 0.00 SE TAXABLE INCOME TAXPAYER: 0.00 SE TAXABLE INCOME SPOUSE: 0.00 TOTAL SELF EMPLOYMENT TAX: 0.00 RETURN DUE DATE OR RETURN RECEIVED DATE (WHICHEVER IS LATER) Apr. 2 PROCESSING DATE Apr. 2 TRANSACTIONS CODE EXPLANATION OF TRANSACTION | CYCLE | DATE 150 Tax return filed | 20241305 | 04-16-2024 806 W-2 or 1099 withholding | | 04-16-2024 766 Credit to your account | | 04-16-2024 810 Refund freeze | | 03-29-2024 971 Amended tax return or claim forwarded for processing | | 11-17-2024 977 Amended Return Filed | | 11-17-2024 764 Earned income credit | | 04-16-2024 807 Reduced or removed W-2 or 1099 withholding | | 04-16-2024 290 Additional tax assessed | 20245205 | 01-14-2025 971 Notice issued | | 01-14-2025 I'm particularly concerned about the "Additional tax assessed" and "Notice issued" entries from January 14. They just appeared today. I amended my return back in November (you can see the 971/977 codes from 11/17), and now I'm wondering if this is related to that amendment or something else entirely. I also noticed there was a refund freeze back in March, and I'm not sure if that's still in effect or what's happening with my refund after the amendment. Anyone know what the next steps are? Should I wait for the notice to arrive in the mail before doing anything? Really hoping I don't have to call them again cause last time I was on hold for 3 hours just to get disconnected. The IRS phone system is absolutely horrible.
14 comments
Jamal Thompson
Tax pro here - Without seeing your actual transcript its impossible to tell you exactly whats going on. Every case is different and updates can mean various things from simple processing to needed information. Your best bet is to actually understand what your transcript is saying.
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Zoe Christodoulou
Thanks for responding! So frustrting not knowing what these codes mean 😫
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Jamal Thompson
No problem! Been seeing a lot of confused people lately with transcript updates
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Mei Chen
Hey, I was in the same boat last month. I started using taxr.ai and it literally saved me hours of research. It costs $4.99 but it analyzes your transcript and tells you exactly whats happening and what to expect next. Way better than trying to piece together random forum posts. Check it out: https://taxr.ai
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CosmicCadet
Is this legit? Been seeing it mentioned but kinda skeptical about these services 🤔
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Mei Chen
100% legit! It basically uses AI to read your transcript and breaks everything down in plain english. Saved me from calling the IRS like 5 times already
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CosmicCadet
Just tried it and OMG where has this been all my life?! Finally understand wtf is going on with my refund 💯
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Liam O'Connor
waiting is literally all you can do. welcome to the club 🤡
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Amara Adeyemi
Did you get any specific codes or cycle numbers? That would help narrow things down
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Zoe Christodoulou
tbh i have no idea what im looking at. its all numbers and dates that make zero sense to me
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Giovanni Gallo
Check if you got a 570 code. That usually means they need more info from u
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Fatima Al-Mazrouei
The IRS is such a joke fr. Been waiting 9 months for my refund and every time I call they tell me something different smh
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Dylan Wright
9 months? Those are rookie numbers 🤣 im going on 14 months now
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Fatima Al-Mazrouei
bruh how are you still sane? 💀
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