On today’s IRS tax refund update we will take a look at the latest developments as those ongoing tax refund delays continue for millions including news from viewers who have started to see some progress in recent days in regards to their ongoing issues, and the one step we recommended for assistance that seems to be working for a growing number of tax filers, and from there we will recap some of the top letters being received by those still experiencing delays. Now as we have recently discussed with many viewers not able to get a resolution by speaking with IRS phone representatives, and with the Taxpayer advocate still not accepting new cases until June that has left tax filers with limited options in getting assistance, however in recent weeks we have been recommending to our viewers to reach out to their local congressional representative’s office or senator for help with their ongoing tax refund issue. We have heard from many of those viewers over the last several weeks have who have reported progress on their issues from receiving a request from the IRS on the exact documentation to submit to as far as having that refund cleared for release with that 846 code appearing on those tax transcripts, several viewers in particular have sent us confirmation of both their email correspondence and tax transcripts to prove they have in fact received assistance due to their ongoing delays, and we strongly recommend those of you watching who still have not reached out for assistance to do so immediately. Now moving onto those ongoing delays many of our viewers continue to report seeing the either the 570 or 971 tax transcript codes or a combination of the codes like seen here, and if you see both of these codes with the same date that means the IRS has auto corrected or resolved any potential issue or reviewed the tax return in question, and that any refund due to the tax filer will be cleared for processing in the next several weeks, if the codes appear with separate dates it means the IRS is continuing to work on the issue or review the tax return, and that a notice has been sent out to you which should arrive in the mail by the date listed next to the 971 code.
0:00 Introduction
0:24 Tax Assistance
1:46 Tax Delays
3:10 IRS Notice
3:55 Closing
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Disclaimer: This is for informational purposes only and is subject to change. Material provided should not be considered tax, accounting, or legal advice. Please consult a certified tax consultant for tax advice.
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