NEW INFORMATION ON TC 570 AND TRANSCRIPT UPDATE TIMES

Home Forums General Discussion 2015 Tax Season NEW INFORMATION ON TC 570 AND TRANSCRIPT UPDATE TIMES

  • This topic has 7 replies, 4 voices, and was last updated 9 years ago by qjntjn.
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  • #4101957
    Anonymous

      I’ve been reading the IRS manual some more to try and figure out more information.

      All transactions (codes) must be posted to transcripts by 9PM on weekdays and 10PM on thursday. With that being said, you should see updates by 10 PM on weekdays and 11PM on thursday nights

      Source: http://www.irs.gov/irm/part3/irm_03-014-001r.html

      A 570 code can be put on a transcript to freeze the refund. This can happen if the return is an erroneous return and it happens systemically. These errors usually fix themselves. When this happens you are held for either 7 calendar days or 4 business days if your return meets the Priority refund Transcript criteria(Still researching this). The 570 code will then remove itself and you will see an 846 code the following Thursday.

      IRS reps can however keep this from happening to resolve issues. This usually means you will get a letter CP12 or CP24.

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      • #4108615
        qjntjn

          @ Jason I have the same info on my tax transcript, for the last week and a half. I am hoping that it will be released before then. But you never know with the state.

        • #4107279
          sarah

            Jojo did u ever end up getting back that $500? They took my eic when the lady from IRS said I should be eligible n I’m waiting for them to fix it. According to the comp there was an error but I’ve been eligible for eic for three yrs n I know I didn’t mess up n wanna make sure ill get that credit back!

          • #4102123
            Anonymous

              Thanks for the info. My refund was decreased by $100 so from what I read that’s why it took longer. If it hadn’t been for that I would have had my refund Tuesday.

            • #4102068
              jason

                Mine finally updated can view my return transcript now
                Filed and accepted 1-26
                Cycle code 20150504
                Hopefully wmr will update with a ddd
                Soon

              • #4102063
                Carrie
                  @cdenae79

                  My transcripts are still showing n/a

                • #4102026
                  m

                    So transcripts should update tonight @ 10pm?

                  • #4101958
                    Anonymous
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