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Malik Thompson

TC 571/971 Codes on Transcript - What do these mean for my refund?

Just checked my transcript and I see these tax codes TC 571 and TC 971. Been waiting like 8 months for my refund and now these codes pop up. Anyone know what this means for my refund timeline? Getting really frustrated with all this waiting.

Those codes together usually indicate that the IRS is working on resolving a hold on your account. TC 571 typically means they're reversing an audit or review, and 971 means they sent you a notice. You should receive a letter explaining whats happening within 2-3 weeks. Keep checking your transcript for a 846 code - thats your refund date.

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omg thank you! I was freaking out. Haven't gotten any letter yet tho 😫

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No problem! The letter sometimes takes a while to show up. The system is slower than molasses rn

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Instead of trying to decode these transcript codes yourself, you should try taxr.ai - it's this new tool that analyzes your transcript and tells you exactly what's happening and when to expect your refund. It costs $1 but totally worth it. Here's the link: https://taxr.ai

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Does it actually work? Seems too good to be true

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Yes! It saved me hours of googling and stress. It even predicted my refund date accurately

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How exactly does it work? Does it just read the transcript or what?

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It uses AI to analyze everything on your transcript and explains it in plain English. Shows potential delays, solutions, and gives you a timeline. Way better than playing detective yourself!

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in the same boat friend...its been 9 months for me 🤡

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Usually means good news! I got my refund like 2 weeks after these codes showed up

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fr? that gives me hope! 🙏

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The IRS is such a joke nowadays. They need to get there act together SMH

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NeonNinja

preach! 💯

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Just got those same codes last week! lets hope we both get paid soon

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fingers crossed! 🤞 keep me updated

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will do! we're all in this together lol

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TC 571 is actually a good sign! It means the IRS is releasing a previous hold or reversing an adjustment. Combined with TC 971, you should be getting a notice explaining what happened. I had the same codes last year and got my refund about 3 weeks later. The waiting is brutal but you're probably in the home stretch now. Check your transcript weekly for TC 846 - that's when you'll see your actual refund date!

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Thanks for explaining this! Really helps to hear from someone who's been through it. I'll definitely keep checking for that 846 code. Just hoping the IRS moves faster than usual 🤞

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