Transaction Code 570 Usually, around two weeks into tax season, we notice a surge of questions about the timing of refunds and IRS Transaction Code 570 that shows up on an IRS account transcript. Sometimes it feels like the tax season is progressing more slowly than previous years. Taxpayers see others getting updates through the … Read more
Early Direct Deposit of Tax Refunds Early Direct Deposits We all know that direct deposit is quicker than snail mail. If you are expecting a tax refund, you probably want it as soon as possible. Wouldn’t it be nice to have your tax refund earlier than the date expected given by the IRS? The good … Read more
No Hold Bank (NHB) Some banks may offer the option for early direct deposits, allowing customers to receive their paychecks or government benefits a day or two before they anticipate a deposit. We call these No Hold Banks (NHB). However, it’s important to note that early direct deposit policies can vary by bank and may … Read more
PROGRESS UPDATES 2/10/24 – Consideration by the Senate is not expected until March and a timeline for passage is unclear.1/31/24 – Votes passed in The House of Representatives. Now it moves on to the Senate. It is still NOT a law. If it is passed in both chambers of Congress, the IRS still has to … Read more
Your tax refund might be delayed for being resequenced. The Where’s My Refund (WMR) tool might tell you that “Your tax return is still being processed. A refund date will be provided when available.” Resequenced circumstances happen behind the scenes while your tax return is being processed and can sometimes cause a delay of your … Read more
Tax refunds can be delayed for being resequenced or unpostable. Where’s My Refund (WMR) tool on irs.gov might tell you that “Your tax return is still being processed. A refund date will be provided when available.” Resequenced or unpostable circumstances happen behind the scenes while your tax return is being processed. Resequenced Transactions that post … Read more
Unpostable Overview Below are specific procedures how the IRS processes unpostable tax return transactions. It is directly from the IRS manual and is only for reference because it is complex. The easiest way to understand unpostables is to read more about How to Resolve Unpostable Tax Return, Resolution Time, Responding to Taxpayer Inquiries to see … Read more
Unpostable Overview If your tax refund is delayed there may be a problem with a transaction that is unpostable in the IRS Master File system while your tax return is still being processed. Each transaction on your account must pass a series of validity checks prior to posting to the system. Your tax return could … Read more
Explain it like I’m 5… Tax returns are processed by the IRS in cycles based on the “type” of account they have. For many people, transactions can be processed any day of the week. But for some people the IRS only processes and posts to the IRS master file (IMF) once per week. This is … Read more
Transaction Code Overview Transaction Codes (TC) sometimes called transcript codes consist of three digits and appear on your IRS account transcript. A transaction code is used to identify when an action posted to your tax account Master File while your tax return is being processed. They help to show a history of actions taken by … Read more
IRS transcripts are a valuable source of information about your tax account. They can sometimes be confusing and do not always present the full picture about a taxpayer’s account activity. What is an IRS transcript? IRS transcripts provide information about your tax account, your tax returns, wage and income and if you filed a tax … Read more
The Truth About Topic 152 Tax Topics are displayed when people check Where’s My Refund on the IRS website. The most common is Tax Topic 152. These tax topics are a way that the IRS communicates with taxpayers about the status of their tax refund. Rest assured, Tax Topic 152 is not something to be … Read more
The PATH Act will delay your tax refund until after February 15th if you claimed the Earned Income Tax Credit (EITC) and/or the Additional Child Tax Credit (ACTC) on your tax return. The PATH Act lifts on February 16th each year. It does not apply to people who only claimed the Child Tax Credit (CTC) … Read more
If you claimed the Earned Income Tax Credit (EITC) or Additional Child Tax Credit (ACTC) you will have values on Form 1040 Lines 18a and/or 18b. If you claimed these credits, your refund is subject the the PATH Act.
2024 IRS Transcript with 846 Requesting your IRS Transcript online at irs.gov is the fastest way to get a transcript. Request an account transcript to look at the codes. Read more: How to check and read your IRS transcript. Join the Live Discussion 2024 IRS Transcript with 846 – Cycle Code 20240402 2023 IRS Transcript … Read more
IRS Transcript Service There are three ways to get an IRS transcript. You can use the online, phone or mail request. You can order copies of tax records for past tax returns, account information, wage and income statements and verification of non-filing letters. The easiest and fastest way to get a transcript is to access … Read more
Where’s My Refund Messages Tax Topic 152 with no bars is a common screen people will see when they check the status of their tax refund. When the IRS has received your tax return and you check the status of your tax return on the IRS Where’s My Refund tool, you might see various messages. … Read more
Your tax return is still being processed. A refund date will be provided when available. The meaning of this message on Where’s My Refund does not mean there is a problem with your tax return. It is not time to panic. If you check on the status of your tax refund and you see the … Read more
UPDATED for 2025 By using the table below, you can translate your IRS cycle code into a calendar date that tells you when your tax return posted to the IRS master file. The IRS cycle code can be found on your account transcript displayed as an eight digit sequence of numbers such as 20240405. The … Read more
These are four reasons you could still be waiting on a tax refund. An example of a complicated return with stimulus credit (#4) is detailed below. Backlog of Tax Returns The IRS is still processing 20 million+ tax returns that were left in the dust when the IRS shutdown the agency in under 2 weeks … Read more
This is what a stimulus check looks like in the USPS Informed Delivery preview.
Do you have a utility shut off or eviction notice and your tax return is still being processed? If your tax return is still being processed and you filed what seems to be a long time ago, you are not alone. It’s not always a vacation and shopping spree fund. A lot people depend on … Read more
If the IRS fraud detection filters triggered a review of your tax return for income and wage verification, it could be a hold up of your refund. So pull out your W2s and 1099s, your tax return could go old school. Why? IRS wage verification. It seems people might need evidence to prove that their … Read more
What do the IRS Reference Numbers Mean? The below codes are IRS reference numbers that you might see when you check the status of your tax refund on Where’s My Refund? These are different than transaction codes on and Account Transcript. If you check the status of your tax refund and see a reference code, you should … Read more
Direct Deposit into a traditional checking account is the most popular way to receive your tax refund. According to the IRS, “8 out of 10 people use e-file and direct deposit to get their tax refund.” There are also several other ways you can choose to have your tax refund sent. Good old Tax Topic 152 will remind … Read more
The tax refund schedule for 2018 with Direct Deposit dates shown below are based on filing and transmitting as early as January 2, 2018. The IRS no longer publishes these dates and now notifies tax payers that most refunds will be issued within 21 days of your return being accepted. This general estimate doesn’t satisfy everyone … Read more
Most people already know about tax refund delays when you claim the Earned Income Tax Credit or Additional Child Tax Credit. This isn’t because the IRS just feels like holding your money for fun. The IRS introduced us to this back at the end of 2015 but some are just finding out about it now. … Read more
Just kidding, that’s really not the name of the new law which took affect in 2017. But what is this new law anyway? It’s called the PATH Act. The “Protecting Americans from Tax Hikes (PATH) Act of 2015” is part of the Consolidated Appropriations Act of 2016 enacted on December 18, 2015. It has hundreds of provisions … Read more
Checking Your Return Status with IRS Tax Refund Caped Crusaders For crying out loud, Where’s My Refund? Call us crazy but when your IRS tax refund still didn’t come after 21 days, you could use a superhero who will rush in to save you from pulling your hair out and wondering why your refund still … Read more
EITC and ACTC Tax Refunds Delayed Ready and waiting for that tax refund? Of course you are! Don’t get excited yet. Some tax refunds can be delayed when you file early in the year if you claim certain tax credits. Unfortunately, some taxpayers are going to have to wait a little while longer for their … Read more
Nothing. Most times when your status bar on the Where’s My Refund tool appears at 1 of 3 stages. Return Received, Return Accepted, Return Processed and how long it will take is found on the irs.gov site and tools on TurboTax, H&R Block along with other tax preparer site. But what happens when you don’t have any … Read more
An unpostable transaction happens when your return is unable to be posted to the master file. It can happen for many reasons. It usually takes about 6-8 weeks to close the open unpostable according the IRS Unpostable section of the Internal Revenue Manual (IRM) 21.5.5 Unpostables. After something is identified as unpostable an error resolution … Read more
The refund cycle chart published by the IRS in the past has been eliminated and replaced with general information on their website about timing and where you can use the check Where’s My Refund tool. We have said goodbye to the former refund cycle chart in replacement of a standard “21 days” response from the … Read more