846 Code: where art thou?!?

Home Forums General Discussion 2017 Tax Season 846 Code: where art thou?!?

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  • #4168959
    Jillian

      Anyone make some delightful speculative guesses about my lack of a release code?
      Filed 1/18
      Accepted 1/19
      One bar through February 3
      All disappeared and back to processing
      Early AM 11th (I’m a weekly) I have PATH message and can order both transcripts.
      20170605
      Processing Date of 2/27
      BUT NO STINKING 846!

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      • #4169211
        john jones
          @jjones

          In February, the employer sends a copy to the government. The IRS gets their copy in May. Next Fall, after the rush, the IRS runs a matching program to see if you filed all of your income and if you filed it correctly. If there is an error and you would owe, you get a CP2000 telling you that they found the error and to send the money within 30 days.

        • #4169117
          AM88

            When I talked to a REP on Friday, she had told me that they have been processing all returns as normal and that the only difference is Non-PATH act returns go straight through to get a DDD and 846 code and all PATH affected get everything except the 846. They get put in a holding pattern.

            HOWEVER, if something was wrong (ID verify, Audit, Etc.), we would know about it because even the PATH returns are fully processed up until the point of refund release.

            During that “holding pattern”, the IRS starts receiving employer submitted W-2’s (which were due by Jan. 31st), as those are received they get cross referenced with any return that has that employers EIN. If the wages, tax, etc. all match, the returns get pushed through to a secondary holding pattern. If they don’t match, they get flagged for correction.

            Then starting Monday (today), those in the secondary holding pattern (that have been verified with employer submitted W-2’s), start getting 846 Codes and are pushed for release on Weds.

          • #4169058
            Jillian

              @tom

              I assumed as much. 😔 Wouldn’t it just be so lovely if we were all unlocked and released on Wednesday morning? Sigh. I investigated a tad and noticed on several prior transcripts I received my refund on a Wednesday 12 days prior to the listed processing date. It surely can’t be entirely coincidental?

              Dang it, Tom Petty you were right: the waiting is the hardest part!

            • #4168984
              ladyleo

                Thanks @tom I was wondering where my 846 was. You’ve put my mind at ease.

              • #4168973
                Tom

                  You won’t see that 846 code until the 15th, it means your refund was issued… Right now, NONE have been issued, only processed.

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