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What Transcripts Can Tell You

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  • This topic has 5 replies, 3 voices, and was last updated 5 years ago by Samantha Douglas.
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  • #4155802 Reply
    IGMR Admin

      There are several different types of transcripts that can either be viewed online or mailed to you. The two types that we will focus on for seeing where you’re at with processing are tax Return Transcript and Tax Account Transcript.

      • The Tax Return Transcript will show lines from the original tax return (1040, 1040A, 1040EZ) you filed. (AGI, Credits, etc) along with any schedules or forms you filed. It will not show any adjustments made with an Amended Return (1040X). This transcript will only generate once you have processed. It is the most common transcript used as proof of income in lending for things like mortgages and student loans. Note: This transcript typically becomes available after the Tax Account Transcript is finished.
      • The Tax Account Transcript shows basic information such as marital status, AGI, income, etc. It will also show any changes made to your account (amended return). What makes the account transcript important to figuring out the processing timeline is the codes than may appear on it. Each code can give you more information to what is going on with your refund and can even help you figure out when you may be able to expect your direct deposit (DD). The most important code that will signify your refund has been approved is “846” (refund release). If your account transcript has the “846” code then you can also use the cycle code to determine your direct deposit date (DDD). Note: This transcript typically becomes available before the Tax Return Transcript.*


      Things to remember:

      1. The IRS has updated their security measures in order to view transcripts online. An account will need to be made and certain security questions will need to be answered and verified.
      2. If you are unable to view your transcripts online, then there is no way to say for sure that you will have a DDD soon. Although it is generally a good sign that things are moving along if you can order them, there is a chance that the transcripts have not finished updating and can be sent out containing no information.
      3. Generally once you are able to access both of these transcripts, then WMR should update the next day with more information. (Please refer back to #2)

      For more information visit the links below.

    Viewing 5 replies - 1 through 5 (of 5 total)
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    • #4221527 Reply
      Samantha Douglas

        On my transcript for 2017 code768 Earned Income Credit for 04-15-2017 is that coming to my account?

        #4206768 Reply

          I can’t order my transcripts online but was able to order over the phone. What does that mean

          #4168530 Reply

            So I am part of the group who will not see anything until at least the 15th because of EIC. I decided to check and see if I could order them and I can order both. Is it possible some of ours are done but cannot be sent until after the 15th? In my personal experience I cannot order either until I have finished processing.

            #4162653 Reply

              If it is blank then you haven’t finished processing. Generally once you are completed the the Return Transcript becomes available.

              #4162238 Reply

                My transcript is blank. Why?

              Viewing 5 replies - 1 through 5 (of 5 total)
              Reply To: What Transcripts Can Tell You
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