Devin Cooper

2

Crystal Singletary posted 7M ago

Code 150, 810 and 766 on transcript 

Tom Maxon commented 7M ago

Code 150 - Tax Return Filed (Date: 08-12-2024; Amount: $1,127.00): This entry indicates that you filed and processed your tax return with a tax amount due of $1,127.00. Code 810 - Refund Freeze (Date: 02-08-2024; Amount: $0.00): This indicates that a freeze has been placed on any refund that may be due to you. This freeze could be due to various reasons such as review for accuracy, verification of information, or other compliance checks. The amount next to this code is typically $0.00 as it represents a status rather than a financial transaction. Code 766 - Credit to Your Account (Date: 04-15-2024; Amount: -$46,880.00): This is a substantial credit applied to your account. This could include withholding from wages, estimated tax payments, or other credits. The negative value indicates it's a credit to you. Code 768 - Earned Income Credit (Date: 04-15-2024; Amount: -$568.00): This shows the amount of Earned Income Credit (EIC) that was applied to your account. This credit is given to you if you are eligible and have low to moderate income from work. It is a refundable credit, meaning it can reduce the tax you owe and potentially increase your refund. Analysis and Next Steps The combination of credits listed under codes 766 and 768 significantly exceeds the tax assessed under code 150. However, the presence of the refund freeze (code 810) means that despite these credits, the IRS is not currently processing a refund for you. Since the freeze was initiated before the credits were applied, there might have been anticipation of issues with your tax return or the credits themselves that required additional scrutiny. Given the refund freeze and the lack of a code 846 (which would indicate a refund being issued), you should anticipate that the IRS may need more information or time to review the accuracy of your return or the eligibility for credits claimed. If you have not received any communication from the IRS explaining the refund freeze, it would be advisable for you to initiate contact to clarify the reasons for the hold and to understand if any additional steps are required from your side to resolve the issue. I made a video on how to bypass the usual IRS phone menu and long wait times here: https://youtu.be/UiAegRQ2Is8

Crystal Singletary

Refunds are issued in 21 days but it’s almost 22 days and am yet to get it

7M ago
Crystal Singletary posted 7M ago

Code 150, 810 and 766 on transcript 

Tom Maxon commented 7M ago

Code 150 - Tax Return Filed (Date: 08-12-2024; Amount: $1,127.00): This entry indicates that you filed and processed your tax return with a tax amount due of $1,127.00. Code 810 - Refund Freeze (Date: 02-08-2024; Amount: $0.00): This indicates that a freeze has been placed on any refund that may be due to you. This freeze could be due to various reasons such as review for accuracy, verification of information, or other compliance checks. The amount next to this code is typically $0.00 as it represents a status rather than a financial transaction. Code 766 - Credit to Your Account (Date: 04-15-2024; Amount: -$46,880.00): This is a substantial credit applied to your account. This could include withholding from wages, estimated tax payments, or other credits. The negative value indicates it's a credit to you. Code 768 - Earned Income Credit (Date: 04-15-2024; Amount: -$568.00): This shows the amount of Earned Income Credit (EIC) that was applied to your account. This credit is given to you if you are eligible and have low to moderate income from work. It is a refundable credit, meaning it can reduce the tax you owe and potentially increase your refund. Analysis and Next Steps The combination of credits listed under codes 766 and 768 significantly exceeds the tax assessed under code 150. However, the presence of the refund freeze (code 810) means that despite these credits, the IRS is not currently processing a refund for you. Since the freeze was initiated before the credits were applied, there might have been anticipation of issues with your tax return or the credits themselves that required additional scrutiny. Given the refund freeze and the lack of a code 846 (which would indicate a refund being issued), you should anticipate that the IRS may need more information or time to review the accuracy of your return or the eligibility for credits claimed. If you have not received any communication from the IRS explaining the refund freeze, it would be advisable for you to initiate contact to clarify the reasons for the hold and to understand if any additional steps are required from your side to resolve the issue. I made a video on how to bypass the usual IRS phone menu and long wait times here: https://youtu.be/UiAegRQ2Is8

Crystal Singletary

I actually received a letter from IRS asking me to call to verify my refund with a control number and I already did call them and I was told I should expect my refunds in 9 weeks

7M ago
Crystal Singletary posted 7M ago

Code 150, 810 and 766 on transcript 

Crystal Singletary commented 7M ago

This is the transcripts