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In this tutorial, we will be discussing how to read your IRS online transcript, focusing on the significance of the "as of date". The "as of date" on your IRS transcript indicates the date the information is current, not necessarily linked to your tax refund status. When accessing your account, select the record of account transcript which summarizes any balance due or overpayment for the specified year. Watch until the end for a closer look at the sample form provided.