Anyone with tax code 420 as last code on transcripts? Help!!!

Home Forums General Discussion 2015 Tax Season Anyone with tax code 420 as last code on transcripts? Help!!!

  • This topic has 5 replies, 2 voices, and was last updated 10 years ago by kaleb’s mom.
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  • #4108932
    kaleb’s mom

      My friend has tax code 420 after receiving part of his refund on 02/19. The other part was held for examination of EIC. Anyone already been through this? Any help or advice would be appreciated.

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      • #4111089
        kaleb’s mom

          @Debbie my friend faxed the information in and still has not gotten a letter. He doesn’t even know if they received the info. because he can never get through to the IRS. He has basically given up!

        • #4110750
          Ty

            I have a 420 code at the end of my tax transcript and i have yet to recieve my remaining refund amount thats not being audited. Irs said that they mailed me a cp20 notice that i never gotten in the mail so im still waiting…

          • #4109747
            debbie

              kaleb’s mom, Did you get audited? I have same code at end of my transcript, just wondering how you made out.

            • #4108937
              kaleb’s mom

                Thanks pavlikclan. Does anyone have an idea of how long this process usually take?

              • #4108935
                Anonymous

                  For example, TC 420 indicates that the return has been referred to the examination or appeals division. It does not necessarily indicate an audit. TC 421 means that TC 420 was reversed.

                  I thought perhaps it meant the folks at the IRS were taking part in 420 and getting stoned, which could only work out well for us, sadly that is not what it means. Good luck!

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