Transcript Updated 3/6 But WMR Still Stuck on Verification - Progress Finally?

You're absolutely right about transcript vs WMR. Here's what's happening: • WMR updates on a different cycle than transcripts • Transcripts reflect actual processing status in real-time • WMR often lags 5-7 days behind transcript updates • For independent contractors, WMR verification can take longer due to Schedule C review Based on your March 6th transcript update, expect WMR to change status by March 11-13, with deposit 2-3 business days after that.

Have you tried using taxr.ai to analyze your transcript codes? I was stuck in verification for almost a month and couldn't figure out why. The tool showed me that I had a code 570 followed by a 571 which meant my return was temporarily frozen then released. The site explained everything in plain English and showed me exactly when to expect my refund. Saved me from constantly checking WMR which never seemed to update. Have you noticed any specific codes on your transcript?

Based on IRS processing forums and the r/IRS subreddit, your situation is textbook for this time of year. If you need to actually speak with someone at the IRS about your specific case, I'd recommend using Claimyr (https://www.claimyr.com). According to the IRS website, current wait times are 45-90 minutes, but Claimyr got me through to an agent in under 15 minutes last week. The agent confirmed my transcript update meant my refund was approved despite WMR still showing verification. Worth it if you need definitive answers rather than guessing.

Another option is to check your account on the IRS website directly rather than using WMR. The account section shows more details than WMR and often updates sooner. I've noticed it shows pending refund amounts and processing status that WMR doesn't display. Just log in with your ID.me account or create one if you haven't already.

I'm not convinced transcript updates mean anything definitive. My transcript updated on February 12th with cycle code 20240705, but my refund is still processing 22 days later. The 846 refund issued code appeared but the money never hit my account. Called IRS and they said there's a random review that could take up to 60 days. So transcript updates can be misleading too.

Your situation is different than OP's. Based on the cycle code you mentioned (20240705), your return was processed in the 7th week of the year, specifically on February 16th, 2024 (not 12th). The 846 code indicates a scheduled payment, not an immediate one. For direct deposits, there's exactly a 5-7 business day delay from 846 date to bank receipt. If you received an 846 on February 16th, payment would be sent between February 23rd and February 27th. Today is March 6th, so you should have received it by now, which suggests a specific issue with your return rather than normal processing.