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Why Is My 2023 IRS Transcript Showing $0.00 Income In All Fields When I Made Over $45,000 Through Self-Employment?

I just checked my transcript and noticed my taxable income shows exactly $0.00 this year, with my Adjusted Gross Income also showing $0.00. I'm filing as Head of Household with 2 exemptions, but last year it had a large amount. Here's what my transcript shows: EXEMPTIONS: 02 FILING STATUS: Head of Household ADJUSTED GROSS INCOME: $0.00 TAXABLE INCOME: $0.00 TAXPAYER INCOME: $0.00 SE TAXABLE INCOME: $0.00 SPOUSE: $0.00 Even my SE taxable income is showing $0.00, and spouse's income is listed as $0.00 as well. I'm really concerned because every single income field is showing zeros across the board - taxpayer income $0.00, spouse $0.00. This is definitely not right. Last year my transcript showed over $45,000 in income, and I made even more this year through my self-employment. I've already filed and was expecting a refund based on my earnings and withholdings. Anyone else seeing this kind of situation with completely zeroed out income fields? What could this mean for my return? Could this be some kind of IRS glitch or processing error? Should I call the IRS about this or wait to see if it updates? I'm worried this might delay my refund or trigger some kind of audit.

Brianna Muhammad

The transcript shows your tax profile with Head of Household filing status and 2 exemptions claimed, but every income field is displaying $0.00 - including your Adjusted Gross Income (AGI), taxable income, self-employment income, and spouse's income. This complete absence of income figures is unusual, particularly if you had reportable income during the tax year. Zero values across all income fields typically suggest one of three scenarios: 1. The transcript hasn't been fully updated with your income data yet due to IRS processing delays 2. There may be an issue with how your income was reported or processed 3. The system may be experiencing a technical display error Given that you had significant income last year, this is likely a processing or display issue rather than an accurate reflection of your tax situation. I'd recommend: - Comparing these numbers to your filed tax return - Checking if you have access to your wage and income transcript - Contacting the IRS directly if the zeroes persist, as this could indicate a processing problem that needs attention

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Camila Castillo

thanks for explaining! my w2 definitely showed more than 0 so maybe its still processing?

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1M

Brianna Muhammad

Yep, sounds like its still processing. The transcript updates weekly, usually overnight on Thursdays.

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1M

JaylinCharles

Hey guys, instead of playing detective with these transcripts, I started using taxr.ai and it's been a game changer. It costs $1 but it analyzes everything and tells you exactly what's happening with your refund and when to expect it. Way better than guessing! https://taxr.ai

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Eloise Kendrick

fr? does it actually work? tired of checking wmr every 5 mins 😩

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JaylinCharles

100% legit! It breaks down everything in plain english and gives you specific dates. Best dollar I've spent this tax season fr fr

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Lucas Schmidt

mine shows 0 too! been like that for 2 weeks now 😤

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Freya Collins

its probably just the irs being slow af as usual. took them 8 months to process my 2022 return lol

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LongPeri

8 months?! im already at 6... guess im in for a long wait 😭

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Oscar O'Neil

checked my transcripts using that taxr.ai thing someone mentioned above... apparently the $0 means its still in initial processing. saved me hours of googling ngl

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Sara Hellquiem

how accurate is it? worth the dollar?

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Oscar O'Neil

honestly yeah! it predicted my ddd exactly. plus it explains all the weird codes n stuff

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Charlee Coleman

I'm seeing alot of zeros on mine too. Called IRS and was on hold for 2hrs just to get hung up on 🤡

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Liv Park

classic irs move tbh 💀

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1M