IRS Code 150 — Your Client's Return Was Filed and Processed
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IRS Code 150 — Your Client's Return Was Filed and Processed
522 views5 months ago
YouTubeTax Transcript AI
Common IRS transcript codes and what they mean: 🚨150 – Tax Return Filed: Indicates the IRS has received and processed your return; typically includes the date filed. 🚨570 – Additional Account Action Pending: Indicates a hold has been placed on your account, often delaying a refund due to further review. 🚨571 – Resolved: The hold on the account (usually from code 570) has been resolved. 🚨766 – Refundable Credit Allowance: Indicates a tax credit (like Child Tax Credit or EIC) has been applied
2:01
Common IRS transcript codes and what they mean: 🚨150 – Tax Return Filed: Indicates the IRS has received and processed your return; typically includes the date filed. 🚨570 – Additional Account Action Pending: Indicates a hold has been placed on your account, often delaying a refund due to further review. 🚨571 – Resolved: The hold on the account (usually from code 570) has been resolved. 🚨766 – Refundable Credit Allowance: Indicates a tax credit (like Child Tax Credit or EIC) has been applied
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