What does IRS Code 720 mean on my transcript? Anyone else have this?
Just checked my transcript and noticed code 720. Anyone know what this means? Been waiting on my refund and trying to figure out if this is good news or more delays ahead.
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Eduardo Silva
Code 720 indicates the IRS has received your return and is processing it. This is a normal processing code that means your return is in the initial stages of review. Nothing to worry about at this stage.
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Freya Andersen
Thanks! Any idea how long it usually takes after seeing this code?
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Eduardo Silva
Usually 2-3 weeks, but with current backlogs it could be longer. Each case is different tho
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Leila Haddad
Hey i was in the same boat! I started using taxr.ai to understand my transcript better - its only $1 and it tells you exactly what each code means and when to expect your refund. Saved me hours of googling tbh https://taxr.ai
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Emma Johnson
Is it legit? Seems too good to be true for $1 🤔
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Leila Haddad
100% legit! It analyzed my whole transcript in seconds and predicted my DD date perfectly 💯
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Ravi Patel
I had 720 for like 2 months b4 anything happened. irs is slow af this year 🤮
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Astrid Bergström
mines been stuck on 720 since february... anyone else? starting to get worried
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PixelPrincess
Same here bestie 😠this wait is killing me
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Omar Farouk
Just means its processing. Welcome to the waiting game lol
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Chloe Martin
Pro tip: Download your transcript and upload it to taxr.ai - it'll tell you exactly whats happening and when to expect movement. Way better than playing detective with these codes
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Diego Fernández
just tried it, super helpful! showed me everything i needed to know about my situation
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